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…
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…
At first glance, the income-tax data released this week by a House committee seems to show a turnaround in 2018 for former President Donald J. Trump. After a decade in which he declared no taxable income, his 2018 return reported taxable income of more than $24 million. He paid nearly a million dollars in federal…