Taxes

House lawmakers are still working on a deal to solidify President Biden’s multitrillion-dollar, two-bill infrastructure package that would boost funding for infrastructure and clean energy, along with social spending initiatives.

The Biden administration this week endorsed a narrower version of its deeply controversial plan that would force banks to turn over more account information to the Internal Revenue Service in order to crackdown on tax cheats.

Larry Kudlow shares his thoughts on the president's declining approval rates.

The White House on Thursday pushed back against a report that a proposed corporate tax hike is unlikely to make into their signature social spending bill amid party infighting and insisted that all options are still on the table.

Arizona Attorney General Mark Brnovich urged the top four congressional leaders in a letter this week to reject a Biden administration proposal that would force banks to turn over most customers' account information to the Internal Revenue Service.

Larry Kudlow shares his thoughts on the West Virginia Democrat who is considering of switching political parties.

New York City Democratic mayoral candidate Eric Adams has a different approach to big businesses and the wealthy than Mayor de Blasio: make sure they want to stay, rather than tax them until they go.

The Biden administration agreed this week to pare back a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service under a barrage of criticism from both industry groups and Republicans – but banks say the measure still goes too far and poses a serious privacy concern.

Leland Miller argues that high-risk investment portfolios may prove to be more successful in Chinese markets.

Spiraling inflation could mean higher taxes for millions of Americans – a phenomenon known as "bracket creep" that pushes taxpayers into higher-income brackets even though their purchasing power is unchanged due to wild surges in consumer prices.

Republican senators argued that Democrats new proposed IRS bank account reporting requirement would still affect nearly every American, but the Treasury said some GOP attacks are incorrect.

Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. He is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.

The Biden administration on Tuesday endorsed a scaled-back version of a proposal that could force banks to turn over customers' account information to the IRS.