Tax hikes in Biden's spending plan could raise $500B less than estimated, analysis shows
President Biden on Thursday outlined a slew of new taxes on corporations and the ultra-wealthy in order to pay for the bulk of his signature economic spending plan – but a new analysis suggests the rate increases could generate $500 million less than the White House estimated.
Biden pitches revamped millionaires tax, global minimum to fund $1.75T spending bill
The Biden administration on Thursday outlined a revamped tax-hike plan to pay for Democrats' roughly $1,750,000,000,000 spending plan, including rate increases on well-off corporations and wealthy Americans.
Epic Games' Tim Sweeney says Democrats' unrealized capital gains tax on billionaires would crush entrepreneurs
Epic Games founder Tim Sweeney warned on Wednesday that the Democrats’ proposal that would tax billionaires on unrealized capital gains would hurt entrepreneurs.
Tensions grow between progressive and moderate Dems over spending plan
Fox News congressional correspondent Chad Pergram reports on the Democrat Party's divide over specifics of the bill.
Kudlow: Democratic tax policy wants to soak successful individuals and businesses
Larry Kudlow shares his thoughts on wealth tax
Billionaires tax proposal could be dead on arrival amid Dem infighting
House Ways and Means Committee Chair Richard Neal indicated Wednesday that a tax proposal targeting billionaires’ unrealized investment gains may be dropped from consideration in President Biden’s spending bill, an assertion that was immediately rejected by the Senate Democrat who introduced the concept.
Billionaire tax has never worked: CPA
FOX Business’ Hillary Vaughn and CPA and business analyst Dan Geltrude discuss potential spending, corporate taxes and a billionaire tax.
Trump tax cuts poised to stay intact in Democrats' signature spending bill
President Biden campaigned on a promise to roll back the bulk of Republicans' 2017 tax law but appears unlikely to achieve that as part of his signature economic spending plan amid pushback from centrist lawmakers in his own party.
Rep. Mace: Reconciliation bill 'not worth paper it's printed on'
South Carolina Republican discusses the Democrat divide over infrastructure on 'Making Money with Charles Payne.'
Dems using billionaires' income tax for more revenue: Sen. Haggerty
Sen. Bill Haggerty, R-Tenn., argues Democrats want to use the wealth tax as a tool for more government spending.
GOP hopeful Jack Ciattarelli says NJ property taxes will be cut if elected
New Jersey Republican gubernatorial candidate Jack Ciattarelli said he'll cut property taxes and introduce new brackets if elected.
How would the new billionaire income tax work?
Democrats are considering a groundbreaking new tax on billionaires and other ultra-high earners in order to pay for the bulk of President Biden's signature economic spending plan.
Jack Ciattarelli says NJ property taxes will be cut if elected
New Jersey Republican gubernatorial candidate Jack Ciattarelli proposes a new taxing formula to make the state more economically competitive.
GOP will ‘of course not’ get spending passed this week: Concha
Fox News contributor Joe Concha weighs in on wealth taxes, spending, inflation, President Biden and the dating app, Hinge.
Varney: The left playing tricks to 'vilify the rich'
FOX Business’ Stuart Varney discusses the Democrats’ plan to get billionaires to fund multi-trillion dollar spending package
GOP lawmakers call for hearing on Dems’ proposed IRS reporting requirement
Top officials in the House Financial Services Committee on Tuesday called for a hearing to discuss Democratic proposals to tighten IRS regulations in an attempt to prevent tax evasion.
Corporate tax concerns taking backseat to earnings: Market expert Bob Doll
Crossmark Global Investments chief investment officer Bob Doll provides insight into taxes, earnings and the markets.
Corporate minimum tax could be 'net tax break' for companies: Rep. Smith
Rep. Jason Smith, R-Mo., says Biden's spending package will reward corporations who align with Democrats' climate priorities.
Senate Dems release corporate minimum tax proposal for spending bill
Senate Democrats unveiled more details Tuesday about their proposal to implement a 15% minimum tax on corporate profits as part of their efforts to cover the cost of President Biden’s expansive social spending bill.
Ossoff, Warnock push Medicaid expansion in reconciliation bill: 'No senator's vote should be taken for granted
Sens. Jon Ossoff and Raphael Warnock are pushing for Medicaid expansion in the Democrats' reconciliation bill, with opposition from Sen. Joe Manchin,