Billionaires tax proposal could be dead on arrival amid Dem infighting
House Ways and Means Committee Chair Richard Neal indicated Wednesday that a tax proposal targeting billionaires’ unrealized investment gains may be dropped from consideration in President Biden’s spending bill, an assertion that was immediately rejected by the Senate Democrat who introduced the concept.
Trump tax cuts poised to stay intact in Democrats' signature spending bill
President Biden campaigned on a promise to roll back the bulk of Republicans' 2017 tax law but appears unlikely to achieve that as part of his signature economic spending plan amid pushback from centrist lawmakers in his own party.
Pelosi schedules reconciliation hearing without bill text, or even framework
Democrats are moving ahead with a hearing on their reconciliation bill -- before they've even come to an agreement on what to put in it.
Dems using billionaires' income tax for more revenue: Sen. Haggerty
Sen. Bill Haggerty, R-Tenn., argues Democrats want to use the wealth tax as a tool for more government spending.
Sen. Braun: ‘Nobody should choose between getting vaccinated and losing their job’
Sen. Mike Braun, R- Ind., on welcoming unvaccinated cops to Indiana after Chicago Mayor Lightfoot’s coronavirus mandates.
How would the new billionaire income tax work?
Democrats are considering a groundbreaking new tax on billionaires and other ultra-high earners in order to pay for the bulk of President Biden's signature economic spending plan.
Democrats explode in frustration over stalled reconciliation spending spree: 'It's the effing progressives'
President Biden leaves the U.S. for a climate summit Thursday, but Democrats appear poised to miss an end-of-month deadline to agree on reconciliation and pass infrastructure -- just like they did last month.
Rep. Stefanik slams Dems' spending package: 'Devil is always in the details'
Rep. Elise Stefanik, R-N.Y., discusses the Democrats' spending package, Biden's mounting domestic crises, parents pushing back against the U.S. public education system and the tight governor race in Virginia.
Varney: The left playing tricks to 'vilify the rich'
FOX Business’ Stuart Varney discusses the Democrats’ plan to get billionaires to fund multi-trillion dollar spending package
Stuart Varney: The left playing tricks to 'vilify the rich'
FOX Business host Stuart Varney argues the Democrats are 'bitterly' divided, 'scrambling to ram through highly controversial spending.'
GOP lawmakers call for hearing on Dems’ proposed IRS reporting requirement
Top officials in the House Financial Services Committee on Tuesday called for a hearing to discuss Democratic proposals to tighten IRS regulations in an attempt to prevent tax evasion.
Government assistance policies leading to massive workforce exodus: study
Government programs and policies are exacerbating a decadeslong workforce exodus, with Americans becoming increasingly disconnected from the job market, according to a new analysis published Wednesday by the Joint Economic Committee Republicans.
US relies on China for too many things: Rep. Wenstrup
Rep. Brad Wenstrup, R-Ohio, on the security aspect of U.S.-China relations.
US relies on China for too many things that impact health, security: Rep. Brad Wenstrup
Rep. Brad Wenstrup, R-Ohio, provides insight into the security aspect of U.S.-China relations.
Rep. Wenstrup on Afghanistan, China, national security
Rep. Brad Wenstrup, R-Ohio, weighs in on national security and foreign relations under President Biden.
Corporate minimum tax could be 'net tax break' for companies: Rep. Smith
Rep. Jason Smith, R-Mo., says Biden's spending package will reward corporations who align with Democrats' climate priorities.
Biden spending bill to include $500B toward climate action, chief of staff says
The Biden administration is pushing lawmakers to include more than $500 billion in funding toward climate-friendly energy practices in the Democrat-backed social spending bill, White House Chief of Staff Ron Klain confirmed on Tuesday.
Kennedy: Progressive 'squad' darling Ilhan Omar doesn't stand for justice
Fox Business host Kennedy slammed Rep. Ilhan Omar for blaming police for rising crime in Minneapolis
Snap, YouTube, TikTok commit to sharing internal research on kids, teens with US lawmakers
Sen. Richard Blumenthal said lawmakers look forward to receiving the research "within days or weeks, not months."
Manchin: Debt ceiling hike through budget reconciliation is Dems' 'responsibility'
Sen. Joe Manchin, D-W.Va., argued Tuesday that Democratic lawmakers will have a “responsibility” to raise the debt ceiling through the budget reconciliation process later this year if Republicans follow through on their threat not to support an extension.