Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.
Burned-out health professionals and overwhelmed hospitals. Also: The child tax credit; counterterrorism; Democrats and taxes; “Medicare for all.”
The administration has offered only a broad outline of its plan, and many of the details will be decided by congressional lawmakers.
While the payments in advance of tax season are a welcome relief for many families, there may be reasons for others to decline the money, for now.
Joe Biden continues to surprise us.
The first criminal prosecution involving the former president’s business hearkens back to Fred Trump’s $16,135 purchase of boilers in the 1990s.
In mid-July, millions of families will get the first of six monthly payments of as much as $300 per child from the U.S. government.
Democrats hope to include climate and clean energy in a second bill. It could be Biden’s last chance to pass major global warming legislation.
Lawmakers were set to take a tentative framework to the White House on Thursday. Administration officials signaled the president was prepared to support it, pending final details.
Many Democrats see the push for an infrastructure package as an opportunity to raise taxes on rich individuals and corporations. But resistance is coming from multiple directions.
An expanded Child Tax Credit distributed as monthly checks will start reaching households in July and last through the end of the year.
A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.
The promise of philanthropy was that the wealthy could enjoy tax breaks for their charitable contributions. The pandemic laid bare how accumulation can trump getting money to those in need. A Senate bill aims to change that.
An analysis by ProPublica based on Internal Revenue Service documents showed billionaires like Jeff Bezos and Elon Musk benefited from vagaries in the tax code.
The George Floyd case may represent a milestone of progress in criminal justice. But can we expand this recognition of unfairness and inequity to other spheres?
The e-commerce giant’s European retail business had record sales in 2020, but its headquarters on the continent reported a $1.4 billion loss.
Buying an electric car can be exciting and bewildering. Consider what kind of car you want and need and where you will charge.
There’s a good case for doing more to improve physical assets. There’s an overwhelming case for doing more to help families with children.
The fight over SALT is a case study in the age-old conflict between constituent politics and national policy.
Financial advisers say they have been flooded with calls from clients who are trying to predict which of President Biden’s tax proposals will become law.
Biden gets family policy half right.
The president’s speech laying out trillions of dollars in new economic proposals plays to voters’ warm feelings toward federal aid in the coronavirus pandemic.
The proposed American Families Plan would expand access to education and child care. It would be financed partly through higher taxes on the wealthiest Americans.
A groundbreaking child allowance stirs a debate among Republicans between promoting work and promoting traditional families.
Restoring an unlimited federal tax deduction for state and local tax payments is bad politics and bad policy.
The president’s American Family Plan, which remains in flux, does not currently include an effort to expand health coverage, as administration officials had previously planned.
The president promised on the campaign trail to overhaul opportunity zones, which a new study suggests mostly fueled real estate investment in gentrifying areas in 2019.
The corporate income tax has been gutted. Raising rates and cracking down on evasion are sensible ways to come up with trillions of dollars.
FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.
House Democrats face hurdles to pushing through the president’s big spending plans, including Republican opposition and resistance from their own ranks.
After working for decades on the issue, Senator Patty Murray and Representative Rosa DeLauro teamed up to ensure that the stimulus law included a lifeline to the nation’s poorest families.
The stimulus bill spends billions to help more Americans buy affordable health insurance. But getting those dollars will take some work, and some waiting.
You might not have filed this year’s return yet, but you should keep in mind that Congress changed the rules on things like charitable contributions and tax breaks for educational expenses for 2022.
“Each state has its own rules,” one tax expert says. So if you worked in a state other than your usual one in 2020, here are some tips on dealing with the tax season.
New rules, many of them temporary, give taxpayers breaks that can cut their tax bills or even generate extra refunds this year.
Most people have been able to pass on assets like a family home without federal tax, but that could be changing.
There is more financial assistance for more people seeking coverage. And many people who are already covered can get discounts, too, if they sign up.
The government is allowing people who qualify for the earned-income tax credit to use income from either 2020 or 2019, whichever will result in a bigger credit.
President Biden’s new role as a crusader for Americans in poverty is an evolution for a politician who has focused on the working class and his Senate work on the judiciary and foreign relations.
The sweeping legislation had no support from Republican lawmakers, who called it bloated and unaffordable. It will deliver emergency aid and broader assistance to low- and middle-income Americans.
Inside the $1.9 trillion economic stimulus bill, there is a provision that is revolutionary in the way the U.S. government regards minors.
The $1.9 trillion pandemic relief package moving through Congress advances an idea that Democrats have been nurturing for decades: establishing a guaranteed income for families with children.
The measure passed by the Senate, and headed to the House for final approval before going to President Biden’s desk, contains money for direct checks, jobless benefits, state and local aid, and more.
“In one year,” Vice President Kamala Harris said, “the pandemic has put decades of the progress we have collectively made for women workers at risk.”
Punishing mothers for needing help cannot be the answer. A generous child allowance might be.
One policy goal of a child allowance is to reverse declines in fertility, but some experts say improving families’ well-being is more important.
Under plans by President Biden and Senator Mitt Romney, children would be worthy of government support, no strings attached.
Lawmakers, including at least one Republican, are focused on providing monthly payments to help families with children make ends meet.
Requiring work in exchange for benefits is an unfair system that doesn’t help the neediest. But that could change.