Apr 21 WATCH: More work but fewer resources reason for tax delays, says IRS Commissioner By News Desk The Internal Revenue Service is responsible for more work but has been given fewer resources to do it, causing delays in response, said IRS Commissioner Charles Rettig before the House Subcommittee on Government Operations on Thursday. Continue reading
Mar 30 The IRS is still working through last year’s backlog. Here’s what to know about your taxes this year By Hannah Grabenstein Tax season this year could get complicated. Here’s what filers need to know as this year’s April 18 filing deadline approaches. Continue reading
Mar 28 Biden budget proposes lower deficits while raising taxes on ultra wealthy By Josh Boak, Associated Press President Joe Biden is releasing a budget blueprint that tries to tell voters what the diverse and at times fractured Democratic Party stands for. Continue reading
Dec 31 New laws on abortion, policing, taxes take effect across U.S. By Wilson Ring, Associated Press Minimum wage increases, animal protections, police accountability, cutting and increasing taxes are all part of a series of new laws taking effect across the country on Saturday, the first day of 2022. Continue reading
Jun 03 Biden offers tax deal to Republicans in infrastructure talks By Josh Boak, Associated Press President Joe Biden is trying to break a logjam with Republicans on how to pay for infrastructure. He's proposing a 15% minimum tax on corporations and the possibility of revenues from increased IRS enforcement of unpaid taxes. Continue reading
Apr 28 WATCH: Biden says he intends to raise taxes on richest By Associated Press President Joe Biden says he’s “not looking to punish anybody” but does plan to raise taxes on the wealthiest Americans. Continue reading
Mar 31 WATCH: Biden announces huge infrastructure plan to ‘win the future’ By Associated Press Speaking at a carpenters union training center in Pittsburgh, Biden promised results as grand in scale as the New Deal or Great Society programs that shaped the 20th century. Continue reading
Oct 21 Report: Tax records show Trump tried to land China projects By Associated Press China is one of only three foreign nations — the others are Britain and Ireland — where Trump maintains a bank account, according to a New York Times analysis of the president’s tax records. Continue reading
Oct 18 Watch 6:08 With a tax increase on the ballot can an Ohio city shore up its finances? By Hari Sreenivasan, Sam Weber, Connie Kargbo In the central Ohio city of Lancaster, the onslaught of the COVID-19 pandemic stretched already thin public safety resources. Despite aid from the federal CARES Act, city officials say they need more revenue to fund the fire department and police… Continue watching
Sep 28 Ethics experts see national security concern in Trump’s reported personal debt By Aamer Madhani, Deb Riechmann, Associated Press Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow over his presidency that ethics experts say raises national security concerns he could be manipulated to sway U.S. policy by organizations… Continue reading