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Tag: Federal Taxes (US)

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Biden’s Agenda Hangs in the Balance if Republicans Take Congress

The measure he signed this summer included $370 billion in incentives for electric utilities to increase their reliance on low-emission energy sources like solar...

Biden Savors Much-Needed Victories. But Will the Highs Overshadow the Lows?

WASHINGTON — President Biden and his top advisers have tried for months to press forward amid a seemingly endless drumbeat of dispiriting news: rising...

Manchin, in Reversal, Agrees to Quick Action on Climate and Tax Plan

WASHINGTON — Senator Joe Manchin III of West Virginia, a key centrist Democrat, announced on Wednesday that he had agreed to include hundreds of...

Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.

The drug company Perrigo had a problem.Consultants at the giant advisory firm EY had devised an elaborate arrangement that would allow Perrigo, one of...

The Federal Government Subsidizes Abortions. Will That Last?

In the United States, you can get a tax deduction for your abortion if your overall health care expenses are high enough. That didn’t...

I.R.S. Braces for Another Chaotic Tax Season

WASHINGTON — At the Internal Revenue Service’s sprawling Kansas City, Mo., processing center, teams of clerks earning $15 per hour work through the night,...

Rift Between Wyden and Son Shows the Challenge of Taxing the Ultrarich

WASHINGTON — ADW Capital Partners would appear to be the kind of hedge fund that Democrats on the Senate Finance Committee would like to...

Local News Outlets May Reap $1.7 Billion in Build Back Better Aid

Representative Steve Scalise of Louisiana, the second-ranking House Republican, echoed that criticism on Twitter: “This is Biden and Dems in Congress helping pay the...

Democrats Aim to Set Minimum Tax for Large, Profitable Corporations

At least 70 of the largest companies in the United States would pay more in taxes under a new minimum tax that Democrats are...

Behind Elon Musk’s Twitter Poll Is a Tax Bill Coming Due

Elon Musk may have already been compelled to sell a sizable portion of his Tesla shares even if he hadn’t issued an unusual Twitter...

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

ROME — President Biden and other world leaders endorsed a landmark global agreement on Saturday that seeks to block large corporations from shifting profits...

Democrats Rush to Rewrite U.S. Tax Code in Days

WASHINGTON — As they hunt for revenue to pay for their sprawling spending bill and try to unite a fractured caucus, Democrats are attempting...

Pastries and Persuasion: How a Global Tax Deal Got Done

Mr. Grinberg, a tax law professor at Georgetown University who worked in the Treasury Department during the Bush and Obama administrations, was initially viewed...

Democrats Push Novel Taxes on Billionaires and Huge Corporations

Senator Kirsten Gillibrand, Democrat of New York, was trying to line up support, including from Mr. Manchin, to beef up a federally paid family...

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