Biden Administration

President Joe Biden is proposing a series of tax increases on investors and top-earning Americans in his annual budget request to Congress.

The department detailed the tax provisions in the Biden administration's newly released budget plans for fiscal year 2024 on Thursday.

The Senate voted to confirm Daniel Werfel as the new Internal Revenue Service commissioner with bipartisan support.

The senator fired the latest salvo in a long-running dispute with the White House over implementation of Inflation Reduction Act provisions he authored.

The White House plans to target a series of high-profile tax breaks worth tens of billions of dollars for wealthy investors and corporations.

The president is proposing a series of tax increases on billionaires, rich investors and corporations.

His plan has little chance of becoming law, but the proposal is an important signpost for negotiations over government spending.

The vote was 50-46 to end a rule that allows retirement plans to weigh climate change and other environmental, social and governance issues in their investment decisions.

Since the beginning of this year, U.S. car buyers have been able to get a federal tax credit of up to $4,000 for the purchase of a used electric vehicle.

The administration is relaunching a popular tax break for manufacturers of solar panels, wind turbines, fuel cells and other clean energy equipment.