President Biden delivered a flurry of attacks on former President Donald J. Trump during a Tuesday speech in Pennsylvania about taxes and economic policy, painting his Republican rival as a puppet of plutocrats who had ignored the working class. Visiting his hometown, Scranton, in a top battleground state that he has visited more often than…
President Biden, amping up a populist pitch in his re-election campaign, has repeatedly said he would raise taxes on the wealthy and corporations to make them pay their “fair share.” Republicans say Mr. Biden has “an unquenchable thirst for taxing the American people.” His Republican opponent in the election, former President Donald J. Trump, said…
The corporate tax cuts that President Donald J. Trump signed into law in 2017 have boosted investment in the U.S. economy and delivered a modest pay bump for workers, according to the most rigorous and detailed study yet of the law’s effects. Those benefits are less than Republicans promised, though, and they have come at…
A former Internal Revenue Service contractor accused of leaking the tax documents of Donald J. Trump and other wealthy Americans was sentenced on Monday to five years in prison. The former contractor, Charles Littlejohn, known as Chaz, worked for the tax agency from 2017 to 2021, when he stole the tax records of thousands of…
For all their complexity, the Trump-related prosecutions have not significantly constrained the ability of prosecutors to carry out their regular duties, officials have said.
Biden administration rules released on Friday that will determine which companies and manufacturers can benefit from new solar industry tax credits are being criticized by U.S.-based makers of solar products, who say the guidelines do not go far enough to try to lure manufacturing back from China. The rules stem from President Biden’s sweeping clean…
WASHINGTON — When the history of American hardship is written in some distant decade, two recent events may capture the whipsaw forces of the age. Child poverty fell to a record low. And the program that did the most to reduce it vanished. The story of that temporary program — technically, a tax-credit expansion but…
WASHINGTON — A divided Senate took a crucial step on Saturday toward approving Democrats’ plan to tackle climate change, bring down health care costs and raise taxes on large corporations, with a test vote that paved the way to enact a significant piece of President Biden’s domestic agenda in the coming days. The measure advanced…
WASHINGTON — Senator Kyrsten Sinema, Democrat of Arizona, announced on Thursday evening that she would support moving forward with her party’s climate, tax and health care package, clearing the way for a major piece of President Biden’s domestic agenda to move through the Senate in the coming days. To win Ms. Sinema’s support, Democratic leaders…
WASHINGTON — Senator Joe Manchin III, Democrat of West Virginia, pulled the plug on Thursday on negotiations to salvage key pieces of President Biden’s agenda, informing his party’s leaders that he would not support funding for climate or energy programs or raising taxes on wealthy Americans and corporations. The decision by Mr. Manchin, a conservative-leaning…