Tax Reform

Wall Street strategists are growing increasingly concerned that President Biden’s tax hikes could put an end to the stock market’s record-setting run.

Johnson & Johnson CFO Joseph Wolk on Tuesday questioned the impact of President Biden’s proposed corporate tax hikes.

The Biden Administration works to push its $2.3 trillion infrastructure package, after reports on the condition of states' infrastructure show a bleak outlook for the U.S. economy.

New York Gov. Andrew Cuomo and state lawmakers are nearing a budget agreement that would increase corporate and income taxes by $4.3 billion a year and would make top earners in New York City pay the highest combined local tax rate in the country.

Macro Trends Advisors founding partner Mitch Roschelle provides insight into proposed tax increases under the Biden administration.

Former Trump economic adviser Larry Kudlow warned that President Biden’s plan to raise taxes on the wealthy would ignite “class warfare” and send companies packing.

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.

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