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Tag: House Committee on Ways and Means

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Trump Paid $1.1 Million in Taxes During Presidency, but $0 in 2020, Report Shows

In his first three years as president, Donald J. Trump paid $1.1 million in federal income taxes before paying no tax as his income...

Trump Asks Supreme Court to Block the House From Obtaining His Tax Returns

WASHINGTON — Former President Donald J. Trump asked the Supreme Court on Monday to intervene in the long-running dispute over whether a House committee...

How Democrats Could Shrink Their $3.5 Trillion Budget Bill

WASHINGTON — As Democratic leaders struggle to unite their caucus behind a sprawling domestic policy package, it is increasingly clear the $3.5 trillion in...

House Democrats’ Plan to Tax the Rich Leaves Vast Fortunes Unscathed

The proposal includes substantial measures to raise taxes on the rich. Taxable income over $450,000 — or $400,000 for unmarried individuals — would be...

House Democrats Outline Tax Increases for Wealthy Businesses and Individuals

It also increases the top tax rate for capital gains — the proceeds from selling an asset like a boat or stocks — to...

As Democrats Push a $3.5 Trillion Bill, a Top Lawmaker Stays Mum on Tax Increases

While polls show widespread voter support for increasing taxes on the wealthiest individuals and corporations, some Democrats remain wary of political retribution for tax...

Democrats and Lobbyists Gird for Battle Over Far-Reaching Tax Increases

WASHINGTON — Congressional Democrats always knew their battle plan for raising taxes on corporations, large inheritances and the superwealthy would not survive initial contact...

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