The battle lines of the next big tax fight were laid out on Tuesday as Treasury Secretary Janet L. Yellen sparred with Republicans over the Biden administration’s plans to raise taxes on businesses and wealthy Americans. In recent weeks, Republicans have been amplifying their attacks on President Biden’s tax proposals, which have become central to […]
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Putin’s War Will Soon Reach Russians’ Tax Bills
President Vladimir V. Putin of Russia is about to institute a rare tax increase on corporations and high earners, a move that reflects both the burgeoning costs of his war in Ukraine and the firm control he has over the Russian elite as he embarks on a fifth term in office. Financial technocrats in Mr. […]
Read MoreBiden to Run Ads Across Pennsylvania Attacking Trump on the Economy
As President Biden tours Pennsylvania, his campaign will run a new ad promoting his commitment to organized labor and attacking the economic policies of former President Donald J. Trump. The ad features JoJo Burgess, who is a steelworker and the mayor of Washington, Pa., a small town southwest of Pittsburgh. Mr. Biden is scheduled to […]
Read MoreBiden Bashes Trump in Pennsylvania as He Lays Out His Tax Plan
President Biden delivered a flurry of attacks on former President Donald J. Trump during a Tuesday speech in Pennsylvania about taxes and economic policy, painting his Republican rival as a puppet of plutocrats who had ignored the working class. Visiting his hometown, Scranton, in a top battleground state that he has visited more often than […]
Read MoreBiden Heads to Pennsylvania to Talk Taxes and Hit Trump
President Biden will kick off a three-day tour of Pennsylvania, a crucial battleground state, with a speech on Tuesday that focuses on taxes and aims to contrast his policies with those of former President Donald J. Trump. In Scranton, his hometown, Mr. Biden is expected to talk about the tax code in the frame of […]
Read MoreHochul Announces $237 Billion Budget, Including a Housing Deal
New York State leaders have agreed on the outline of a $237 billion state budget that includes a sweeping package aimed at stemming one of the worst housing shortages in the nation. The deal, which was announced by Gov. Kathy Hochul on Monday, arrives two weeks past the April 1 budget deadline, following intense debates […]
Read MoreProperty Taxes Drive Racism and Inequality
Property taxes, the lifeblood of local governments and school districts, are among the most powerful and stealthy engines of racism and wealth inequality our nation has ever produced. And while the Biden administration has offered many solutions for making the tax code fairer, it has yet to effectively tackle a problem that has resulted not […]
Read MoreWhy Some Billionaires Will Back Trump
Donald Trump’s campaign is reportedly strapped for cash. Small-dollar donations are running far behind their 2020 pace. Big Trump rallies aren’t yielding his biggest cash hauls. Some large-dollar donors are hesitant, in part because they worry (with good reason) that their money will be used not for the campaign but to pay his legal bills. […]
Read MoreHow a Pandemic Boom Led to a ‘Property Tax Mess’ in Colorado
Marleen Gamble had already taken out a reverse mortgage on her townhouse in 2018 to keep up with the steady increase in expenses eating into the Social Security checks that are her only source of income. Then this year, Ms. Gamble, a retired X-ray technician, faced a 20 percent spike in her property tax bill. […]
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