PPP loans extended for small businesses until May 31
The Senate voted this week to extend the Paycheck Protection Program for two months amid concerns that the March 31 expiration of the small-business rescue fund could leave struggling employers without a key economic lifeline.
IRS urged to extend tax-filing deadline until June 15 amid concerns over backlogged returns
The IRS already delayed the main April 15 tax-filing deadline by one month, but some accounting groups say that Americans still reeling from the coronavirus pandemic need more time to submit their returns.
Stimulus checks for 30M Social Security recipients could go out soon after delay
About 30 million Social Security recipients who are still waiting to receive their third stimulus check could see the money arrive soon.
Dems will increase national debt with infrastructure bill payment plan: Rep. Issa
Congressman Darrell Issa, R-Calif., on proposed tax hike for infrastructure bill.
IRS says face masks, hand sanitizer are tax-deductible medical expenses
The IRS said Friday the purchase of personal protective equipment used to combat the spread of COVID-19, including face masks and hand sanitizer, are tax-deductible medical expenses.
Manchin calls for 'enormous' infrastructure bill funded by new taxes
Sen. Joe Manchin, a key centrist Democrat, said this week that he supports a multitrillion-dollar infrastructure package that would be paid for in part by raising taxes.
Biden embraces class warfare, backs radical wealth redistribution
Larry Kudlow examines president's tax hike plan of wealth redistribution
Stimulus checks sent to 127M Americans: How to check status of your payment
The IRS sent out a second batch of stimulus checks this week, delivering payments to another 37 million Americans as part of President Biden's $1.9 trillion American Rescue Plan.
Elizabeth Warren wealth tax would shrink US economy by 1.2%, according to a new analysis
Sen. Elizabeth Warren's plan to tax the net worth of the wealthiest Americans could reduce U.S. economic growth by 1.2% over the next 30 years, according to a new analysis published this week.
West Virginia Gov. Jim Justice touts plan to repeal personal income tax: 'Opportunity beyond belief'
EXCLUSIVE: West Virginia Gov. Jim Justice is making the case for his proposal to repeal the personal income tax, telling FOX Business it is “an opportunity beyond belief.”
Is your stimulus check less than expected? IRS says this could be why
The IRS has already delivered a third round of stimulus checks to 90 million Americans — but not everyone has gotten the full payment for which they're eligible.
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.
Wealthy Americans shield 20% of their income from the IRS, new study suggests
The richest 1% of Americans dodge significantly more in income taxes than the Internal Revenue Service previously estimated, according to a new study released this week.
Wall Street warns Cuomo tax hikes could trigger exodus of top earners
Executives at some of Wall Street's biggest firms warned New York lawmakers that raising taxes could cause high-income earners who fled the state during the coronavirus pandemic to leave permanently.
Biden admin weighs tax structure changes to fund infrastructure bill
Tax Foundation President Scott Hodge weighs in on a possible Biden tax hike on 'Kudlow'
Marsha Blackburn: Cartels at border are 'big business'
Sen. Marsha Blackburn discusses infrastructure bill, immigration
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 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.
Next round of $1,400 stimulus checks arriving Wednesday, IRS says
A second batch of stimulus checks is scheduled to arrive in Americans' bank accounts this week, with most cash payments expected to arrive by Wednesday.
Fed may hike rates sooner than 2023: NABE
About 46% of NABE members surveyed believe the Federal Reserve will raise the federal funds target in 2022, while 12% say later this year. Approximately 28% believe interest rates will be raised in 2023 and 12% believe the rate hike will come after 2023.