Biden likely to be pressed on tax plans during first press conference
President Biden is scheduled to host his first press conference on Thursday, and business owners, as well as taxpayers, are likely to be looking to hear more about his plans to raise tax rates.
Biden administration to invest $10 billion to increase vaccine access in rural, minority communities: HHS
The Biden administration plans to invest $10 billion to expand coronavirus vaccine access to minority, rural and other underserved communities, according to a release from the administration.
IRS could raise revenue without raising tax rates if it were properly resourced, Yellen says
U.S. Treasury Secretary Janet Yellen said on Wednesday that if the IRS were funded appropriately and therefore able to crack down on tax cheats, the U.S. would be able to collect more revenue without raising taxes
White House clarifies which wealthy individual filers will get snagged by Biden tax hike
I individuals who make up to $400,000 won’t pay more, but families making that amount would
14 US states sue Biden administration over oil and gas leasing pause
A coalition of 13 states filed one lawsuit in federal court in Louisiana, while Wyoming filed a its own lawsuit in federal court in that state. The states joining Louisiana’s suit included Alabama, Alaska, Arkansas, Georgia, Mississippi, Missouri, Montana, Nebraska, Oklahoma, Texas, Utah and West Virginia.
Yellen says higher taxes needed in long term to finance US spending
Treasury Secretary Janet Yellen said Wednesday the U.S. government has more room to borrow, but acknowledged that higher taxes will likely be needed to pay for those future expenditures.
More Americans eligible for $10,200 unemployment tax break under new IRS rule
More Americans are eligible to take advantage of a tax break on unemployment benefits under new guidance issued this week by the IRS.
Biden’s massive spending plan, Yellen’s enthusiasm for tax hikes a top ‘threat’ to economy: Expert
Michael Lee Strategy founder Michael Lee discusses the impact of more government spending and taxes on the economy and the market.
Biden's rhetoric driving 'crisis' at the border: Florida Sen. Marco Rubio
Sen. Marco Rubio, R-Fla., said on Wednesday that he believes President Biden's rhetoric is driving the “crisis” at the southern border.
Biden raising taxes would be ‘risky political move’: Former Clinton adviser
Former Clinton adviser Mark Penn weighs in on President Biden’s tax plans and treatment by the media.
Biden announces Obamacare special enrollment period extended three months
President Biden announced Tuesday the special enrollment period for Obamacare is now being extended until August 15.
Biden plots tax hike on wealthy Americans, corporations to fund $3T infrastructure plan
The Biden administration is reportedly exploring tax increases on businesses, investors and wealthy Americans to fund the president's next multitrillion-dollar spending bill.
Boulder shooting puts gun stocks in focus as Biden calls for tougher laws
President Biden on Tuesday called on Congress to tighten gun laws after a shooting at a Colorado supermarket killed 10 people.
$1,400 stimulus check delays under scrutiny by House Democrats
A group of House Democrats is pushing for answers on reported delays in the delivery of the third round of stimulus checks to Americans who are not required to file tax returns – including some veterans and Social Security beneficiaries.
Biden proposing ‘undercover tax on just about everybody’: Wealth strategist
Wealth strategist Rob Luna said President Biden’s proposal to increase the capital gains rate on high earners will impact “real Americans.”
Biden tax hikes pose minor risk to stocks: Goldman Sachs
President Biden’s potential tax hikes will provide a minor headwind to the U.S. equity market, according to strategists at Goldman Sachs Group Inc.
Biden administration officials put together $3T economic plan
Administration officials are crafting a plan for a multipart infrastructure and economic package that could cost as much as $3 trillion and fulfill key elements of President Biden’s campaign agenda, according to people involved in the discussions.
New SBA head plans changes at agency; focus now is COVID-19
Isabella Casillas Guzman said her immediate focus is implementing the small business provisions in the $1.9 trillion coronavirus rescue package President Joseph Biden signed into law last week.
Biden nominee Marty Walsh confirmed as secretary of labor
Senate lawmakers voted Monday to confirm Boston Mayor Marty Walsh of US secretary of labor, a position that will play a critical role in President Biden’s pledge to boost union and worker rights.
Biden wants to raise taxes on wealthy Americans who got richer during pandemic
President Biden is committed to fulfilling a key campaign promise and raising taxes on high-income earners amid growing evidence that many wealthy Americans benefited financially from the coronavirus pandemic.

















