President Biden proposed a $7.3 trillion budget on Monday packed with tax increases on corporations and high earners, new spending on social programs and a wide range of efforts to combat high consumer costs like housing and college tuition. The proposal includes only relatively small changes from the budget plan Mr. Biden submitted last year,…
At his Senate confirmation last February, Daniel Werfel told lawmakers that if given the job of Internal Revenue Service commissioner he would work to increase “public trust” in the beleaguered agency and use the $80 billion that Congress had granted it to build a “more modern and high-performing” organization. A year later, Mr. Werfel has…
WASHINGTON — President Biden on Thursday proposed a $6.8 trillion budget that seeks to increase spending on the military and a wide range of new social programs while also reducing future budget deficits, defying Republican calls to scale back government and reasserting his economic vision before an expected re-election campaign. The budget contains some $5…