Tax Reform

The coronavirus-relief legislation signed by President Biden earlier this month contains unprecedented benefits for families with children and other dependents -- especially for some who plan carefully.

Sen. Bernie Sanders, I-Vt., on Wednesday introduced legislation to apply an added tax onto companies that pay their CEOs at least 50 times more than the median worker.

President Biden said he will be able to get Democratic votes to support his plans to bring back a major tax hike for the first time in nearly 30 years.

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."

The Internal Revenue Service (IRS) explicitly asks taxpayers to disclose their cryptocurrency transactions on the newest tax form, making it easier for the federal government to tamp down on fraud or tax evasion later down the line. 

Former New York Stock Exchange Chairman Dick Grasso argued on Tuesday that 401(k)s and IRAs “have never done better than under Donald Trump” and predicted he will get reelected.

A group of stock exchanges and trading platforms contend that millions of Americans who invest in financial markets to save for retirement would be hurt by a potential new tax in New Jersey to be levied on financial transactions.

Democratic presidential nominee Joe Biden’s tax hikes will cause Americans to lose a third of their savings, founder of Americans for Tax Reform Grover Norquist said on Thursday.

The U.S. Chamber of Commerce is asking the Trump administration to clear up the concerns and questions many businesses have in the wake of the President's executive action to defer payroll taxes.

The relief measure was intended to help struggling businesses, but large corporations have found incredible benefit as well.

The administration confirmed a bonus for returning to work is under consideration.

Larry Kudlow said presumptive Democratic nominee Joe Biden's economic plan "defies common sense."

Easing the limit on state and local tax deductions, known as SALT, would benefit an estimated 13 million American households

Larry Kudlow discusses benefits of the payroll tax cut and the economic stimulus package amid the coronavirus outbreak.

A Treasury Department official breaks down the four pillars of President Trump's economic plan and how it will impact the 2020 election.

The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed.

While cutting the payroll tax is not high on the administration’s list, adjusting the earned income tax credit is under review.

Americans for Tax Reform President Grover Norquist said all the current Democratic candidates want to take the tax cuts away that Trump enacted during his presidency.

President Trump emphasized how well the American economy is doing, reiterating how "we have the greatest economy in the history of our country."

The White House says a new bill would unfairly burden middle class Americans.