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The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.
June 21 -
The Biden administration’s proposal to impose a global minimum tax on corporations has been provoking opposition in Congress, with Republicans advocating user fees instead to pay for infrastructure improvements.
June 18 -
The Treasury secretary suggested that if Congress were to pass a capital-gains tax hike effective starting in April 2021, that wouldn’t count as a retroactive increase.
June 17 -
Mitt Romney is helping lead lawmakers in creating a new proposal to present to the Biden administration.
June 10 -
The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere.
June 4 -
The American Jobs Plan would take taxes on GILTI through the roof.
June 3Smolin Lupin -
Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show.
June 2 -
The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers.
June 2 -
Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.
May 24 -
Business groups were unmoved by the Treasury Secretary’s call for U.S. companies to accept higher taxes in return for a huge public investment in infrastructure aimed at boosting the American economy.
May 19