Taxes

Former senior adviser to the Clintons Mark Penn weighs in on President Biden's massive spending plan.

The Bear Traps Report founder Larry McDonald argued that President Biden’s massive spending plan will weaken the dollar “substantially.”

Small business owners have taken a hit from the coronavirus pandemic and now some experts are concerned that they may see their tax obligations rise as a result of potential increases proposed by President Biden.

President Biden on Wednesday promised to crack down on tax cheats as he proposed an increase in the corporate tax rate and eliminating several perceived loopholes as a way to raise revenue for his $2 trillion infrastructure plan.

Biden's planned tax hikes could extinguish any hope Democrats have of maintaining their governing trifecta in the 2022 midterm elections, according to some experts.

Senate Democrats unveiled a proposal this week to tax the unrealized capital gains of wealthy Americans' estates after they die.

President Biden on Wednesday unveiled details of a sweeping $2.25 trillion infrastructure that would be funded by dramatically raising the taxes paid by U.S. corporations, an increase that could have a detrimental side effect on the U.S. economy, according to one analysis. 

Sen. Mitch McConnell blasted President Biden's $2 trillion infrastructure plan Wednesday, claiming the proposal is a “Trojan horse” for major tax increases.

Rep. Kevin Brady, R-Texas, argued that Biden's infrastructure plan - which is to be funded by corporate tax increases - will hurt the U.S. economy.

President Biden released a sprawling proposal to rebuild the nation's crumbling infrastructure and pump money into manufacturing, transportation, renewable energy and combating climate change.