The Treasury Department announced Monday that it will begin distributing hundreds of billions of dollars in emergency funding to state and local governments.
Rep. Dan Meuser, R-Pa., discusses the impact of President Biden's tax plan on small businesses and the overall economy.
Wealthy families could face a combined tax rate of up to 61% on inherited wealth under the newest spending plan from President Biden, according to a new analysis published this week.
The Paycheck Protection Program, a vital lifeline that helped keep small businesses afloat during the coronavirus pandemic, exhausted its funding on Tuesday.
President Biden's plan to increase tax rates on inherited wealth could seize billions from some of the richest fortunes at death.
President Biden is continuing to hit the trail this week to drum up support among the American people for his $4 trillion spending proposals designed to redistribute trillions and dramatically expand the government-funded social safety net.
Consumers’ spending and personal income soared in March as more vaccinations fueled a further reopening of the U.S. economy and as the government sent out stimulus checks to millions of Americans.
President Biden is expected to propose boosting funding for the Internal Revenue Service by an extra $80 billion as part of a sweeping plan to crack down on tax evasion by wealthy Americans and large corporations.
President Biden's push to nearly double the tax rate paid by wealthy investors when they sell stocks and other assets could actually cause federal revenue to drastically decline over the next decade, according to a new analysis published Friday.
A key Democrat is renewing his push for President Biden to repeal a Trump-era limit on state and local tax deductions in his $2.25 trillion tax and spending plan.
President Biden is expected to propose almost doubling the tax rate paid by wealthy investors when they sell stocks and other assets in his next big-ticket spending bill.
A group of moderate Senate Republicans on Thursday unveiled a scaled-back infrastructure proposal, a counteroffer to the massive $2.3 trillion tax and spending plan introduced by President Biden earlier this month.
The Biden administration is reportedly teeing up another massive economic spending package that's focused on child care, paid family leave and other domestic priorities.
Some veterans who have been waiting weeks for their third stimulus check could see the money arrive by April 14, the IRS said.
The Biden administration proposed $52 billion for the Department of Homeland Security this coming year, holding the current spending level roughly flat even as a surge of immigrants.