Former President Trump’s proposal to exempt all tips from federal tax would benefit few tipped workers and hurt many. Tax-free tips might help a relatively...
In a surprise move, New York’s Democratic Governor Kathy Hochul indefinitely delayed New York City’s first-in-the-nation congestion pricing plan on Wednesday. Lawmakers created the Central...
President Biden may propose allocating revenue from the 2010 Affordable Care Act’s Net Investment Income Tax (NIIT) to maintain solvency of Medicare’s Part A Hospital...
The Congressional Budget Office estimates the national debt will increase by $19 trillion over the next decade under current law, $3 trillion more than it...
While Congress talks about the federal debt, it’s still hesitating to deal with one major source of rising deficits—Medicare—that it can’t avoid much longer. Medicare’s...
The “tax gap”—the difference between taxes owed to the government and taxes actually collected—often is equated with evasion . But the tax gap is more...
When Joe Biden ran for president, his campaign platform included dozens of relatively specific tax proposals. They ranged from expanding refundable tax credits for low-...
The pandemic relief bill Congress is about to pass is loaded with tax provisions. Some deliver important assistance to households and businesses damaged by...
Democratic presidential candidate Joe Biden’s current campaign plan would raise taxes by $2.1 trillion over the next decade, about 0.9 percent of Gross Domestic Product.