Current News

President Biden took office in 2021 with an aggressive agenda of new programs he hoped to enact, along with a slew of tax increases to pay for them and make the tax system “fairer.” Read More.

Senate Democrats curtailed a tax break for certain pass-through businesses as part of the Inflation Reduction Act passed Sunday. Read More.

A federal appeals court on Tuesday signed off on a House Ways and Means Committee request to obtain former President Donald Trump's tax returns from the Internal Revenue Service. Read More.

Democrats have been jubilant about their budget reconciliation bill nearing final passage, but the auto industry is starting to worry the climate spending legislation might actually slow the nation’s switch away from gas-powered cars. Read More.

Vermont Sen. Bernie Sanders, an independent, and Massachusetts Democratic Sen. Elizabeth Warren, who have a history of knocking financial "loopholes" used by wealthy individuals and corporations, are set to vote on the Inflation Reduction Act after the measure's carried interest tax provision that targeted billionaires was removed. Read More.

WASHINGTON (AP) — After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it’s long wanted in the economic package that Democrats are working furiously to push through Congress before their August break. Read More.

The Grassroots Corner - Week Beginning 8/8/22: “Meet Candidate And Pledge Signer Steven Elliott - Pt. 2” Read More.

WASHINGTON — United Nations Secretary-General Antonio Guterres urged governments on Wednesday to tax excessive oil and gas profits as the world grapples with an energy crisis triggered in part, by Russia’s war in Ukraine. Read More.

Tucked inside the sprawling Senate compromise bill for climate change and health care is an effort, years in the making, to close what Democrats say is a loophole that benefits a handful of the richest Americans: the carried interest tax. Read More.

Of the 70 million Americans now receiving Social Security and Medicare benefits, few of them read the Summary of the 2022 Annual Reports published by the Social Security and Medicare Boards of Trustees. Read More.

Sen. Joe Manchin, in an unlikely alliance with progressives, may get the last laugh on the tax cognoscenti. Read More.

After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found a winning combination. Read More.

Georgia residents can now claim embryos as dependents on their state taxes, the state's Revenue Department announced Monday. Read More.

The energy and health care deal from Sens. Joe Manchin and Chuck Schumer would raise taxes on millions of Americans earning less than $400,000 annually, Senate Republicans say, citing nonpartisan data. Read More.

Sen. Joe Manchin, a Democrat from West Virginia, defended Democrats' new climate and tax deal from criticisms that it will raise taxes across all income brackets and harm the economy, saying the package unveiled last week is "all about" combating inflation. Read More.