Category: Corporate Taxes

Biden Budget Lays Out Battle Lines Against Trump

President Biden and former President Donald J. Trump offer vastly different policy paths on almost every aspect of the economy.
Biden’s Budget Calls for Tax Increases on Corporations and the Wealthy

The budget, which would cut the deficit by $3 trillion over the next decade, reinforces Biden’s efforts to counter Republican tax proposals that Democrats deride as giveaways to the wealthy.
In State of the Union, Biden Will Cheer the Economy and Draw a Contrast With Trump

Allies are pushing the president to do more to sell skeptical voters on his economic record and to attack his likely Republican rival on tax policy.
Trump’s Tax Cut Fueled Investment but Did Not Pay for Itself, Study Finds

The most detailed research yet on corporate response to the 2017 Republican tax law shows modest gains for workers and high cost to the federal debt.
What’s in the New Tax Deal?

Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.
Justices Seem Skeptical of Challenge to Trump-Era Tax Provision

The Supreme Court’s liberal wing and more moderate conservatives seemed to be searching for a way toward a limited ruling on a tax law that affects foreign profits of American companies.
How a Legal Fight Over a $15,000 Tax Bill Could Upend the U.S. Tax Code

The Supreme Court ruling in the Moore case could cost the federal government billions of dollars in lost tax revenue.
The Federal Deficit Is Growing. This Is Why.

Tax receipts dipped unexpectedly last year. The Biden administration blames Republican tax cuts, but the truth is more complicated.
Ireland’s Latest Fiscal Headache: What to Do With 10 Billion Euros

The government in Dublin has a big budget surplus, thanks to its low tax rate for multinationals. Build more housing? Or a subway? Sock it away? Whatever the case, someone will be unhappy.
New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz

Large companies are bracing for the impact of a 15 percent tax that went into effect this year.
In Budget Talks, Biden Rejects Hard Choices of the Past

The New York Times – Business:
The president has met Republican demands for debt reduction with a plan to trim deficits by taxing companies and the rich.
DeSantis Gains Control of Tax Board Overseeing Disney World

The New York Times – Business:
The Florida governor had wanted to abolish the resort’s designation as a special tax district. That would have left two counties paying for services like policing.