Taxes

FOX Business’ Stuart Varney discusses the Democrats’ plan to get billionaires to fund multi-trillion dollar spending package

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.

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.

Sens. Jon Ossoff and Raphael Warnock are pushing for Medicaid expansion in the Democrats' reconciliation bill, with opposition from Sen. Joe Manchin,

Tesla CEO Elon Musk took Democrats to task over their latest proposal to tax the country’s billionaires in order to help pay for President Biden’s signature economic spending plan.

The Credible Money Coach discusses income taxes for reader who still works and receives Social Security benefits.

Manchin said President Biden agreed with him that it is unseemly to force the IRS to report bank accounts' inflows and outflows to the IRS.

Sen. Joe Manchin said Tuesday that a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service will likely be dropped from Democrats' final tax and spending bill, even after the White House agreed to narrow the scope of the plan.

A top House Democrat threw doubt on a new Senate plan to tax the unrealized capital gains of billionaires and other ultrahigh earners, arguing the proposal may be too complicated to implement.

Nevada Republican Senate candidate Adam Laxalt says he believes Democrats' "transformational" reconciliation bill could help him win his race.

Americans for Tax Reform President Grover Norquist blasted the Democrats' tax plan to fund their massive spending bill, warning it will affect “everybody” eventually despite claims it only targets the wealthy.

As I talk to innovative job creators each week, they point to freedom and our welcoming business climate as the Texas advantages that allow their companies to grow and their employees to succeed, to afford a home, and to enjoy a high quality of life.

Moderate Democratic Sen. Joe Manchin of West Virginia indicated Monday that he would support tax proposals targeting billionaires amid ongoing negotiations within the party toward an agreement on President Biden’s sweeping social spending bill.