Retirement swelled during the pandemic, more than expected, study shows
Older Americans were more likely to retire during the coronavirus pandemic, which forced millions of workers out of the labor force during its peak.
Sinema dashes House Dems' hopes for $3.5T infrastructure bill
Sen. Kyrsten Sinema, D-Ariz., on Monday said she would not support Democrats’ $3.5 trillion spending plan, potentially dashing hopes of passing the proposal via budget reconciliation.
Social Security cost of living adjustment could be largest in nearly 4 decades
Social Security beneficiaries might be in for the highest in cost of living adjustment (COLA) in nearly four decades, according to new projections.
Democrats pave the way for SALT cap relief in budget resolution
Democrats approved a $3.5 trillion budget resolution Wednesday morning, which paves the way for potentially altering the cap on state and local tax deductions.
Republicans raise security, privacy concerns as IRS stays silent on ProPublica leak
Republicans on Tuesday pressed the IRS for answers regarding a leak of high-profile taxpayer data earlier this year, expressing concern about possible threats to national security and Americans’ privacy.
Dems push IRS reform after it was dropped from $1T infrastructure bill
Sens. Elizabeth Warren, D-Mass., Bernie Sanders, I-Vt., and Sheldon Whitehouse, D-R.I., wrote a letter to IRS Commissioner Charles Rettig on Monday requesting more information on the “benefits of investing in the IRS” after a proposal to inject $40 billion into the agency to close the tax gap was scrapped earlier this year.
Corporate tax hike to hit middle-class Americans, study shows
Republican lawmakers on Monday released an analysis showing that even a slight corporate tax increase would have a negative effect on middle-class Americans and small businesses.
Fidelity: COVID-19 shapes college plans, but cost expectations are still too low
The coronavirus pandemic is affecting higher education decisions, though families still tend to underestimate how much college will cost, a new study shows
Senators’ cryptocurrency amendment blocked after receiving Yellen’s stamp of approval
A cryptocurrency amendment intended for inclusion in the bipartisan infrastructure bill, which aimed to define which groups would be subject to greater enforcement regulations, was blocked on Monday.