Corporate tax proposals in support of President Biden’s ambitious infrastructure plans would raise some $2 trillion over 15 years. Tighter international tax net would apply to corporations operating in low-tax jurisdictions. Plan faces long road ahead for passage in Congress. On March 31, 2021, ...
Biden's plan aims to reform the tax code to "reward work, not wealth," White House Office of Management and Budget Director Shalanda Young told reporters on a call. While the proposed tax increases aren't likely to pass in the Republican-controlled House of Representatives, the pl...
US President Joe Biden proposed higher corporate and private jet taxes, and Biden's tax plan requires a 44.6% tax on investments.The translation is provided by third-party software. The above content is for informational or educational purposes only and does not constitute any investment advice ...
In his State of the Union address on Thursday, President Joe Biden proposed a new tax credit that would provide $10,000 to first-time home buyers. Biden is also proposing a separate $10,000 tax credit for current homeowners who sell their "starter home" in order to jump i...
President Joe Biden does not plan to pardon his son, Hunter Biden, who was convicted on federal gun charges, White House press secretary Karine Jean-Pierre said.
President Biden says the wealthy should pay their fair share in taxes during a joint address to Congress and he "will not add an additional tax burden to the middle class."
Explore top-line figures, deficit projections, agency requests, and other key takeaways from Biden’s FY25 budget proposal.
White House aides said Biden was aiming to prove his doubters wrong by flashing his combative side and trying to needle Republicans over positions he believes are out of step with the country, particularly on access to abortion, but also tax policy and healthcare. It’s part of his campaign...
White House aides said Biden was aiming to prove his doubters wrong by flashing his combative side and trying to needle Republicans over positions he believes are out of step with the country, particularly on access to abortion, but also tax policy and healthcare. It’s part of his campaign...
A particular goal of the Biden plan is discouraging U.S. corporations from moving intangible assets and related profits abroad to controlled subsidiaries in countries with lower taxes rates than those in the U.S. The plan’s 21% tax is particularly focused onglobal intangible low-taxed income, ...