Biden, promising corporate tax increases, has cut taxes overall

The analysis estimates that the tax changes Biden has ushered into law will amount to a net cut of about $600 billion over four years and slightly more than that over a full decade. More about the ... Read More

IRS could cut up to 40% of workforce, memo indicates - CBS News

The IRS's Reduction in Force plan states the agency could go from 102,000 employees to a target of 60,000 to 70,000, according to an internal memo. Latest U.S. Read More

Trump tax plan would see Social Security benefits cut by one-third, watchdog says - MSN

A 33% cut would reduce that payment by $629 per month, leaving such a recipient with just $1,278. (This number reflects present dollars; all of these figures would be higher in 2031 as a result of ... Read More

Biden pledge to tax wealthy, companies revived with Manchin-led bill

The U.S. corporate tax rate dropped to 21% from 35% after a 2017 tax cut pushed by then-President Donald Trump and his fellow Republicans, but many companies pay much less than that, and some of ... Read More

Report: Trump's plans could force Social Security cuts in 6 years - Detroit Free Press

It also concluded that tariffs promoted by Trump as a way to cut imports and spur manufacturing in the U.S. but which most economists say would increase costs on Americans, as well as plans for a ... Read More

Biden vs Trump economy: Which blueprint would be better for the US? - USA TODAY

A look at the economic plans of Trump and Biden. Trump would raise tariffs, restrict immigration and extend tax breaks for companies and the wealthy. Read More

Biden’s ESG Tax on Your Retirement Fund - WSJ

Journal Editorial Report: The week’s best and worst from Kim Strassel, Mary O’Grady and Dan Henninger. Images: NASA, ESA, CSA, and STScI/Getty Images/Reuters Composite: Mark Kelly ... Read More

Biden proposes higher taxes for the rich. Here's how they work.

The wealthiest 25 people saw their worth increase a combined $401 billion between 2014 and 2018, but they paid an average federal income tax of 3.4% on that wealth, ProPublica found last year. By ... Read More

Biden budget aims to cut deficits nearly $3 trillion over 10 years

WASHINGTON — President Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. That deficit reduction goal is ... Read More

Biden calls British prime minister's abandoned tax plan a 'mistake' - NBC News

President Joe Biden on Saturday called embattled British Prime Minister Liz Truss’ abandoned tax cut plan a “mistake,” and said he is worried that other ... Read More