A look at Biden's massive spending spree since taking office

Democrats passed about $3.8 trillion in spending on their top agenda items since President Biden took office — something they believe will help them in the 2022 midterms, but that Republicans say...

Joe Biden gave a grinning Joe Manchin the pen he used to sign the Inflation Reduction Act

Manchin played a key role in moving the Act through the Senate, cutting a deal with Chuck Schumer and negotiating with Kyrsten Sinema to get her vote.

Biden Signs Expansive Health, Climate and Tax Law

The bill invests $370 billion in spending and tax credits in low-emission forms of energy to fight climate change. “This bill is the biggest step forward on climate ever,” Mr. Biden says. The bill...

Democrats' sweeping health and climate package is now law

President Biden on Tuesday signed Democrats' flagship climate and health care package into law, rounding out a recent spree of legislative wins ahead of the sure-to-be contentious November...

Biden signs $739 billion tax and climate bill into law

President Biden signed the Inflation Reduction Act into law on Tuesday, saying "the American people won, and the special interests lost" with the new legislation and touting Democratic support...

LIVE UPDATES:Minimum tax targets, oil, gas lower, stocks whipsawing

incoming update… Cryptocurrency prices were mixed early Monday, with Bitcoin and Ethereum lower and Dogecoin trading higher. At approximately 4:30 a.m. ET, Bitcoin was trading at nearly $24,025 ,...

Companies facing first tax on stock buybacks in Biden bill

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of...

The industries that will pay more taxes due to Dems' spending bill

One of the biggest revenue raisers in Democrats’ latest health care and climate change spending bill is a new minimum tax on companies’ book income – but the levy will hit some industries harder...

What is a spotted lanternfly and why might it cost $22 million to squash them?

Senate Majority Leader Chuck Schumer wants federal funding to stomp out the spotted lanternfly, which is spreading across many states again this year. Creepy, crawly and . . . costly?Read Full Story

Biden's Education Department took an 'enormous step' toward helping student-loan borrowers who have been shut out of...

Lawmakers including Elizabeth Warren and Chuck Schumer urged the department to "provide as much relief as possible" to student-loan borrowers.

Missouri AG Questions Need For Potentially Armed IRS Army

Missouri AG Questions Need For Potentially Armed IRS Army Authored by Darlene McCormick Sanchez via The Epoch Times (emphasis ours), Missouri Attorney General Eric Schmitt wants...

Marijuana legalization could reap massive economic benefits, CEO says

Tilray CEO Irwin Simon believes the legalization of cannabis at the federal level will provide major business opportunities in the United States. In a recent interview with Yahoo Finance Live,...

FBI Sends 'Clear Message' To Trump, His Supporters: The Swamp Is Real, Rep. Davidson Says

FBI Sends 'Clear Message' To Trump, His Supporters: The Swamp Is Real, Rep. Davidson Says Authored by Katie Spence via The Epoch Times (emphasis ours), The FBI raid on former...

Sinema took Wall Street money while killing tax on investors

WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past...

House Democrats Pass Inflation Reduction Act, Sending It To Biden's Desk

House Democrats Pass Inflation Reduction Act, Sending It To Biden's Desk Authored by Joseph Lord via The Epoch Times (emphasis ours), House Speaker Nancy Pelosi (D-Calif.) bangs the...

Why the Inflation Reduction Act is such a big deal

Senate Majority Leader Chuck Schumer (D-NY) speaks as Sen. Amy Klobuchar (D-MN) and Sen. Ed Markey (D-MA) look on during a news conference about the Inflation Reduction Act outside the U.S....

Congress sends $740 billion tax, health and climate bill to Biden's desk

The House of Representatives on Friday passed Democrats' $740 billion tax, health care and climate bill, which now goes to President Biden's desk for his signature.Why it matters: The bill's...

House passes massive Manchin-Schumer spending, tax increase bill

House Democrats passed on Friday a $739 billion climate change, tax hike, and healthcare bill, giving President Biden's domestic agenda a boost at a time of record high inflation and low...

Reaction to attack on writer Salman Rushdie

By Randi Love - Following are reactions to the attack on novelist Salman Rushdie Friday. Witnesses and police said Rushdie, who was ordered killed by Iran in 1989 because of his writing, was...

Proposed U.S. corporate tax hike won't save global minimum tax deal

By David Lawder WASHINGTON - A corporate minimum tax in a congressional spending bill set for passage on Friday will not bring the United States into compliance with a separately negotiated...

Energy reps against spending and climate bill during recession

With the House of Representatives set to pass Democrats' social spending, tax and climate bill Friday, energy industry officials are ringing alarm bills that it will handicap their industry at the...

House Dems set to overcome GOP for climate, health care win

WASHINGTON (AP) — A flagship Democratic economic bill perched on the edge of House passage Friday, placing President Joe Biden on the brink of a back-from-the-dead triumph on his climate, health...

Kudlow calls out the motives of the Trump Mar-a-Lago raid

So, AG Merrick Garland gave the world 3 minutes and 30 seconds of his precious time... and.... said... nothing. Remember the Wendy's ad: "Where's the Beef"? Mr. Garland gave us no beef, but I'm...

Dems push ahead with spending bill before key report released

House Democrats appear determined to forge ahead with the Manchin-Schumer social spending and taxation plan despite their lack of knowledge on the fiscal implications of the legislation. According...

SALT relief not in cards for residents of high-tax states as House prepares to pass Inflation Reduction Act

After fighting to repeal the $10,000 limit on the federal deduction for state and local taxes, known as SALT, a group of House Democrats say they'll vote for the party's spending package without...

Tax and climate bill could massively expand Dem-leaning IRS union

The funding increase for the IRS to hire potentially tens of thousands of new agents may be a big boost to the union representing Treasury Department employees, a group that is active in politics...

Why this climate bill is likely to pass after 34 years of inaction

Data: Axios research; Chart: Kavya Beheraj/AxiosThe Democrats' climate bill that the House is expected to take up Friday follows decades of legislative failure on climate change — which could end...

Inflation Reduction Act Will Increase Middle Class, Small-Business Taxes: Tax Law Expert

Inflation Reduction Act Will Increase Middle Class, Small-Business Taxes: Tax Law Expert Authored by Joseph Lord via The Epoch Times (emphasis ours), While Democrats insist that the...

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class.The “ Inflation...

Senate Majority Leader Chuck Schumer discusses Democrats' major climate and health bill

President Biden on Tuesday signed the bipartisan CHIPS Act into law, just days before his top health care, tax and climate change bill known as the Inflation Reduction Act heads to the House,...

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