WASHINGTON — President Joe Biden on Tuesday proposed new taxes on the rich to help fund Medicare, saying the plan would help to extend the insurance program’s solvency by 25 years and provide a degree of middle-class stability to millions of older adults. […]
REHOBOTH BEACH, Del. — President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon. “Yes, I’m considering it,” Biden told reporters after taking a […]
WASHINGTON — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing. Appearing at the White House with his […]
With gas prices at record highs across the U.S., an increasing number of governors and state lawmakers are calling for the suspension of gas taxes to provide relief to motorists who are facing the prospect of even higher pump prices as the country […]
Stocks turned lower Thursday following a report saying President Biden will propose a hefty tax increase on the gains wealthy individuals reap from investments. Investors who earn $1 million or more would have to pay a 39.6% tax rate on […]
Federal prosecutors reached out to Hunter Biden’s attorneys on Tuesday, the person said. Investigators did not reach out in the weeks prior because of a Justice Department policy surrounding elections that prohibits overt investigative acts. “I take this matter very […]
WASHINGTON — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and paid no income taxes at all in many others threaten to undercut a pillar of his appeal among […]
President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times. Trump, who has fiercely guarded […]
ATLANTA — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. Some progressives say Biden is a corporate crony who will never address […]
WASHINGTON — General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation’s largest automaker contends with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving […]
NEW YORK (AP) — The New York Times is reporting that President Donald Trump received at least $413 million from his father over the decades, much of that through dubious tax dodges, including outright fraud. The Times report contradicts Trump’s portrayal of […]
WASHINGTON – (Reuters) U.S. President Donald Trump engaged in tax schemes that included cases of fraud in which he and his siblings helped their parents dodge taxes, the New York Times reported on Tuesday. U.S. President Donald Trump talks to […]
BALTIMORE — President Donald Trump has elevated his tax cuts to an act of biblical proportions, misleadingly claiming at a White House speech Friday that they triggered an “economic miracle.” Not quite. Also on Friday, the president’s top economics aide, […]
WASHINGTON — States will be able to force more shoppers to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big financial win for states. […]
LOS ANGELES— California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state’s legal marijuana market, the state treasurer said Tuesday. The state on Jan. 1 will enter a […]
House Republicans are planning major changes to the U.S. tax system while looking to preserve current rules for retirement accounts popular with middle-class Americans and to retain a top income-tax rate for million-dollar earners. (Nov. 2) WASHINGTON — House Republicans […]
WASHINGTON — The House on Thursday gave a significant boost to President Donald Trump’s promise to cut taxes, narrowly passing a GOP budget that shelves longstanding concerns over federal deficits in favor of a rewrite of the tax code that […]
WASHINGTON — President Donald Trump and Republicans were at odds on Wednesday over changing the 401(k) retirement program to help finance tax cuts, with the president insisting the middle-class favorite will remain untouched and lawmakers open to revisions. Rep. Kevin […]
WASHINGTON — Most Americans say President Donald Trump’s tax plan would benefit the wealthy and corporations, and less than half believe his message that “massive tax cuts” would help middle-class workers, according to an Associated Press-NORC poll. The survey could […]
WASHINGTON – The top U.S. Senate Republican and the White House budget director said on Sunday they hoped for action on a Republican tax reform package by the end of the year, while keeping their options open on how to […]
WASHINGTON — Republicans must now shift their focus to enacting President Donald Trump’s sweeping tax plan, a far heavier lift than the $4 trillion budget plan they’ve muscled through the Senate to lay the groundwork for the first tax overhaul […]
WASHINGTON — Promising big tax cuts and a booming economy, President Donald Trump and congressional Republicans unveiled the first major revamp of the nation’s tax code in a generation Wednesday — a sweeping, $5 trillion plan that would deeply cut […]
WASHINGTON — Nothing brings out smoke and mirrors like a tax overhaul plan, especially one as incomplete as President Donald Trump’s. A look at some of the claims emerging from the debate sparked by the plan released Wednesday: TRUMP: “I […]
WASHINGTON — President Donald Trump and congressional Republicans are proposing a far-reaching, $5 trillion plan Wednesday that would cut taxes for corporations and potentially for individuals, simplify the tax system and nearly double the standard deduction used by most Americans. […]
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Senate Democrats Authorize Subpoenas In The Supreme Court Ethics Probe As Republicans Stage Walkout 
Israel Says 12 More Hostages Have Been Freed By Hamas And Have Arrived In Egypt Copyright © 2023 Front Street. All Rights Reserved.
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