Tax policy

Biden Proposal Would Require Banks To Report Deposits To The IRSBiden Proposal Would Require Banks To Report Deposits To The IRS

Biden Proposal Would Require Banks To Report Deposits To The IRS

The Biden administration is proposing a crackdown on unpaid taxes among wealthy Americans and businesses in order to raise revenue…

3 years ago
House Democrats Scale Back Biden’s Tax Increase ProposalsHouse Democrats Scale Back Biden’s Tax Increase Proposals

House Democrats Scale Back Biden’s Tax Increase Proposals

The House Ways and Means Committee released a bill this week which proposes taxing wealthy individuals to fund Democrats' $3.5…

4 years ago
Sens. Elizabeth Warren & Bernie Sanders Propose 3% On Wealth Over $1 BillionSens. Elizabeth Warren & Bernie Sanders Propose 3% On Wealth Over $1 Billion

Sens. Elizabeth Warren & Bernie Sanders Propose 3% On Wealth Over $1 Billion

A group of Senate Democrats led by Sens. Elizabeth Warren (D-Massachusetts) and Bernie Sanders (I-Vermont) proposed an annual 3% tax on wealth exceeding $1…

4 years ago
House Democrats Re-introduce Bill To End ‘Carried Interest’ Tax Break For Investment ManagersHouse Democrats Re-introduce Bill To End ‘Carried Interest’ Tax Break For Investment Managers

House Democrats Re-introduce Bill To End ‘Carried Interest’ Tax Break For Investment Managers

On Tuesday, House Democrats, including Reps. Bill Pascrell (D-New Jersey), Andy Levin (D-Michigan) and Katie Porter (D-California), reintroduced a bill that…

4 years ago
Biden Says He Will Not Increase Taxes For People Making Under $400,000Biden Says He Will Not Increase Taxes For People Making Under $400,000

Biden Says He Will Not Increase Taxes For People Making Under $400,000

Former Vice President Joe Biden said that if he is elected president in November, he will not raise taxes on…

5 years ago