Scores of unions and liberal advocacy groups pressed President
Biden to raise taxes on the wealthiest Americans to help pay for
his sprawling infrastructure plan, which he is set to roll out
later Wednesday. Read More.
As global trade has grown, shipping companies have steadily
increased ship sizes — but the Suez Canal blockage showed that
bigger is not always better. Read More.
The Internal Revenue Service responded Tuesday to calls for
extending more tax deadlines by giving taxpayers until May 17 to
make IRA and HSA contributions and file some refund claims. Read More.
The decision by the IRS to extend the initial filing due date of
individual tax returns to May 17 was mostly a good thing. Maybe
not as good a thing as the extension to July 15 in 2020, but it
was something. Read More.
In 2020, the pandemic killed hundreds of thousands of Americans
and unemployment soared to levels not seen since the Bureau of
Labor Statistics started collecting data in the 1940s. Read More.
Amazon on Thursday engaged in a heated Twitter exchange with Sen.
Elizabeth Warren (D-Mass.) after the lawmaker claimed that it and
other large corporations “exploit loopholes and tax havens to pay
close to nothing in taxes.” Read More.
Senate Budget Committee Chairman Bernie Sanders is proposing tax
increases that are even bigger than the ones President Joe Biden
is considering. Read More.
The FAIRtax has always been a remarkable thing. But now, nearly
30 years after its creation, our appreciation of just how
remarkable it is continues to grow. Read More.