Biden wants to raise taxes. How politically damaging would it be?
Democratic political strategist Brad Bannon said raising taxes is always “troublesome politically” but that the Biden administration was betting on two things: raising the taxes on the wealthy would only affect “2 or 3% of voters” and that if by next fall, midterm election season, the economy has recovered from the pandemic, “Americans will be so grateful they’ll overlook the tax issue."
Republicans won’t support tax hikes to fund Biden’s infrastructure plan, McConnell says
Senate Minority Leader Mitch McConnell, R-Ky., said on Tuesday that Republicans were not likely to support any tax increases to fund President Biden’s next economic package.
Senate confirms Isabel Guzman to run SBA as Biden considers business tax hikes
The Senate on Tuesday confirmed Isabel Guzman as head of the Small Business Administration, as the Biden administration reportedly prepares to unveil plans to raise corporate taxes.
IRS agrees to protect some stimulus checks from debt reductions
The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog.
Biden tax increases will ‘damage’ your life savings, Grover Norquist says
Higher taxes on corporations is "very bad news" for the U.S., according to Americans for Tax Reform President Grover Norquist.
Yellen says Biden still open to wealth tax, other increases for top earners
Treasury Secretary Janet Yellen indicated that President Biden is open to pursuing a wealth tax as a means of paying for his multitrillion-dollar agenda and addressing the nation's swelling federal budget deficit.
Schumer doubles down, pushes Biden to cancel $50K in student loan debt
Senate Majority Leader Chuck Schumer, D-N.Y., on Monday renewed calls for President Biden to cancel $50,000 worth of student loan debt just days after the president signed the $1.9 trillion American Rescue Plan into law.
Biden promises relief plan oversight, claiming fraud led to small business ‘free-for-all’ under Trump
President Biden promised on Monday to crack down on fraud and waste as his administration begins to roll out the $1.9 trillion American Rescue Plan, criticizing President Donald Trump for failing to do so and thereby harming small businesses.
Biden to tout stimulus checks in Georgia – after promising larger amount during Senate runoffs
President Biden and Vice President Harris will be in Georgia on Friday to tout the $1,400 stimulus checks that will go out to many Americans as part of the $1.9 trillion coronavirus relief package.
Pompeo questions Biden rejoining Iran nuclear deal: It's a 'head-scratcher'
Former Secretary of State Mike Pompeo explains why he’s against the U.S. rejoining the Iran nuclear deal.
Biden energy policy having ‘positive impact’ on oil prices, ‘negative impact' on economy: Analyst
The Schork Group principal Stephen Schork discusses the impact of President Biden’s energy policy on oil prices and the economy on FOX Business’ “Mornings with Maria.”
Biden's tax plan will send US economy into death ‘spiral,' NJ congressman warns
Rep. Van Drew responds to the Biden administration eying the first major tax hike since 1993.
Biden reportedly planning first major tax hike since 1993 in next economic package
President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.
Biden taps Gene Sperling to oversee rollout of $1.9T in Covid relief
President Biden will tap Gene Sterling, a former top economic official in the Obama and Clinton administrations, for a role to oversee the enactment of the administration’s $1.9 trillion coronavirus relief plan.
Will private student loans be forgiven? 3 ways borrowers can manage their debt now
Student loan forgiveness may be in the cards, but not for a while — and only for certain types of loans.
Auto industry urges emissions deal weaker than Obama's
It could result in two different sets of standards which could drive up vehicle prices
Biden's $1.9T COVID relief bill includes unexpected items: Money for libraries, museums and farmers
Ttucked into the coronavirus relief legislation — which passed without a single Republican vote — is a raft of unexpected provisions, some seemingly unrelated to the pandemic.
Labor unions get stronger under Biden with House passage of PRO Act
Labor unions are getting stronger under President Biden.
How much money each state will receive from Biden's coronavirus relief bill
The American Rescue Plan includes $350 billion in unfettered aid for state and local governments, with $195.3 billion directed toward state governments and Washington, and $130.2 billion allocated for local governments.
McEnany: Biden’s denial of Trump’s COVID vaccine progress is ‘revisionist history’
Former White House press secretary Kayleigh McEnany provides insight into President Biden speaking about the COVID pandemic during a prime-time speech on Thursday night.



















