House Can Obtain Trump’s Tax Returns From I.R.S., Appeals Court Says

The former president’s legal team has vowed to fight the congressional effort “tooth and nail.” He is virtually certain to appeal to the Supreme Court.

#appeals-courts-us, #decisions-and-verdicts, #house-committee-on-ways-and-means, #suits-and-litigation-civil, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track

The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.

#biden-joseph-r-jr, #bonn-germany, #brady-kevin-1955, #brussels-belgium, #corporate-taxes, #economic-conditions-and-trends, #europe, #european-union, #group-of-seven, #house-committee-on-ways-and-means, #macron-emmanuel-1977, #morawiecki-mateusz, #poland, #politics-and-government, #tax-shelters, #treasury-department, #united-states-economy, #united-states-international-relations, #yellen-janet-l

Judge Rules That Congress Can See Trump’s Tax Returns

The court dismissed a suit by the former president seeking to bar a House committee from getting his returns, but the judge stayed the ruling to allow time for an appeal.

#house-committee-on-ways-and-means, #neal-richard-e, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

How Democrats Could Shrink Their $3.5 Trillion Budget Bill

Here are three options to shrink down the Democrats’ climate change and social welfare bill as moderates demand less spending and smaller tax hikes to pay for it.

#american-rescue-plan-2021, #child-tax-credits-and-stipends, #democratic-party, #federal-budget-us, #global-warming, #house-committee-on-ways-and-means, #house-of-representatives, #law-and-legislation, #senate, #united-states-politics-and-government

Medicare Expansion Clashes With Health Care for the Poor as Budget Bill Shrinks

Under pressure to cut the bill’s cost, Democrats disagree over whether to offer more benefits to older Americans or to cover more of the working poor.

#democratic-party, #health-and-human-services-department, #health-insurance-and-managed-care, #house-committee-on-ways-and-means, #medicaid, #medicare, #united-states-politics-and-government

Drug Plan Fails, Signaling Thorny Path for Democrats’ $3.5 Trillion Bill

Senior Democrats said they could still preserve elements of their plan to lower prescription drug prices, but they have little room for defections, and divisions remain on that and other issues.

#democratic-party, #drugs-pharmaceuticals, #house-committee-on-energy-and-commerce, #house-committee-on-ways-and-means, #law-and-legislation, #manchin-joe-iii, #prices-fares-fees-and-rates, #rice-kathleen, #sinema-kyrsten, #united-states-politics-and-government

Democratic Divisions Flare Over Tax Increases and Drug Pricing

In both the House and the Senate, Democrats are working to resolve their internal differences on a huge social policy measure that will require near-total unity to pass.

#democratic-party, #drugs-pharmaceuticals, #federal-budget-us, #federal-taxes-us, #house-committee-on-energy-and-commerce, #house-committee-on-ways-and-means, #house-of-representatives, #rice-kathleen, #sanders-bernard, #schumer-charles-e, #senate, #united-states-politics-and-government, #warren-elizabeth

House Bill Raises Chance for Global Pact to Curb Corporate Tax Havens

Several big details remain to be worked out before an international October deadline.

#biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #group-of-twenty, #house-committee-on-ways-and-means, #law-and-legislation, #organization-for-economic-cooperation-and-development, #tax-shelters, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

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

The House Ways and Means Committee’s proposal to pay for trillions in social spending leaves wealth gains and inheritances largely alone. It focuses instead on a more traditional target: income.

#biden-joseph-r-jr, #capital-gains-tax, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #house-committee-on-ways-and-means, #income-tax, #inheritance-and-estate-taxes, #law-and-legislation, #neal-richard-e, #senate-committee-on-finance, #taxation, #united-states-politics-and-government

House Democrats Outline Tax Increases for Wealthy Businesses and Individuals

The draft proposal includes raising the corporate tax rate to 26.5 percent for the richest businesses to help pay for President Biden’s sweeping expansion of the social safety net.

#biden-joseph-r-jr, #budgets-and-budgeting, #corporate-taxes, #democratic-party, #federal-taxes-us, #house-committee-on-ways-and-means, #income-tax, #law-and-legislation, #taxation, #united-states-politics-and-government

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

The silence from Representative Richard Neal of Massachussetts has some liberal Democrats worried that he could thwart the scope of their economic ambitions.

#biden-joseph-r-jr, #federal-taxes-us, #house-committee-on-ways-and-means, #law-and-legislation, #neal-richard-e, #taxation, #united-states-politics-and-government

House Panels Start Writing $3.5 Trillion Social Policy and Climate Bill

Five committees will start drafting the components of Democrats’ far-reaching legislation in an arduous process that could take several days.

#democratic-party, #education-pre-school, #federal-taxes-us, #global-warming, #health-insurance-and-managed-care, #house-committee-on-ways-and-means, #house-of-representatives, #labor-and-jobs, #law-and-legislation, #pelosi-nancy, #senate, #tuition, #united-states-economy, #united-states-politics-and-government, #vocational-training

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

Congressional committees this week begin drafting tax increases on the wealthy and corporations to pay for a $3.5 trillion social policy bill, but the targets are putting up a fight.

#biden-joseph-r-jr, #capital-gains-tax, #corporate-taxes, #democratic-party, #federal-budget-us, #federal-taxes-us, #heitkamp-heidi, #high-net-worth-individuals, #house-committee-on-ways-and-means, #income-inequality, #income-tax, #inheritance-and-estate-taxes, #law-and-legislation, #lobbying-and-lobbyists, #senate-committee-on-finance, #tax-shelters, #taxation, #united-states-chamber-of-commerce, #united-states-politics-and-government, #wyden-ron

Biden’s Infrastructure Push Spurs a Flurry of Lobbying in Congress

Lawmakers in both parties are lining up to get their pet projects and policy priorities included in the expansive package.

#american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #environment-and-public-works-committee, #federal-taxes-us, #house-committee-on-ways-and-means, #infrastructure-public-works, #law-and-legislation, #transportation, #united-states-politics-and-government

Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021

Top Democrats and some of President Biden’s advisers are considering borrowing money to fund a sweeping infrastructure package as the nation’s fiscal situation improves more rapidly than expected.

#biden-joseph-r-jr, #congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #federal-reserve-system, #house-committee-on-ways-and-means, #house-of-representatives, #neal-richard-e, #pelosi-nancy, #powell-jerome-h, #schumer-charles-e, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

Biden Picks Katherine Tai as Trade Representative

Ms. Tai, a chief trade lawyer in the House, has extensive experience with China and played a key role in hammering out the new North American Free Trade Agreement.

#appointments-and-executive-changes, #biden-joseph-r-jr, #house-committee-on-ways-and-means, #international-trade-and-world-market, #katherine-tai, #office-of-the-united-states-trade-representative, #presidential-transition-us, #united-states-politics-and-government

Trump Administration to Push for ‘Reset’ of Global Tariffs

Planned remarks to Congress by the administration’s top trade adviser on Wednesday appear to portend a continued fight with the World Trade Organization.

#customs-tariff, #house-committee-on-ways-and-means, #international-trade-and-world-market, #lighthizer-robert-e, #senate, #trump-donald-j, #united-states-politics-and-government, #world-trade-organization

Lawmakers Ask I.R.S. to Help Companies That Keep Paying Health Benefits

A bipartisan letter took issue with guidance about a tax credit for retaining workers during the pandemic that was part of an economic rescue package.

#coronavirus-2019-ncov, #employee-fringe-benefits, #grassley-charles-e, #house-committee-on-ways-and-means, #internal-revenue-service, #layoffs-and-job-reductions, #senate-committee-on-finance, #unemployment-insurance, #united-states-politics-and-government, #wages-and-salaries, #wyden-ron