Republicans Say Americans Will 'Fire The Democratic Majority' In Midterms For Passing Reconciliation Bill

Republicans Say Americans Will 'Fire The Democratic Majority' In Midterms For Passing Reconciliation Bill Authored by Frank Fang via The Epoch Times (emphasis ours), Senate...

GOP Warns Thousands Of New IRS Agents Will Target Middle-Class Americans

GOP Warns Thousands Of New IRS Agents Will Target Middle-Class Americans Authored by Jack Phillips via The Epoch Times (emphasis ours), Republicans say a Democrat-backed bill worth...

You're One Step Closer to Being Able to Delay Your RMDs in Retirement

A bill is headed for consideration by the full Senate that would move the age at which you have to start drawing down your retirement plan savings to 75. The House of Representatives passed a...

Key Words: ‘Makes their blood boil’: Democrats criticize billion-dollar companies for paying low tax rates

More than 100 U.S. companies are paying an average effective tax rate of 1.1%, according to new data. The data was released on Thursday by Senate Finance Committee Chair Ron Wyden, a Democrat from...

Key Words: ‘Makes their blood boil’: Democrats criticize billion-dollar companies for paying low tax rates

More than 100 U.S. companies are paying an average effective tax rate of 1.1%, according to new data released by Senate Finance Committee Chairman Ron Wyden.

Tougher IRS enforcement central to Dem economic package

WASHINGTON (AP) — After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it's long wanted in the economic package that Democrats are working...

Dems consider changes to economic bill, weekend votes ahead

WASHINGTON (AP) — Democrats on Thursday considered reshaping proposed taxes on the wealthy and huge corporations, and possibly adding billions for the West's historic drought, as lawmakers aimed...

GOP targets for Dem bill: Inflation, taxes, Manchin, Sinema

WASHINGTON (AP) — Republicans see inflation, taxes and immigration as Democratic weak spots worth attacking, and two opposition senators as prime targets, in the upcoming battle over an economic...

Congress Could Change Your Retirement Plans. Is It Good or Bad News?

The House of Representatives and Senate are working along similar lines to reform retirement plans. Initiatives in both bodies raise the age cap for retired minimum distributions. Both let...

Manchin's inflation bill includes BBB's 'most economically damaging provision'

Democrats' inflation bill includes a provision from the Build Back Better Act which a nonpartisan analysis deemed the "most economically damaging provision." The Inflation Reduction Act,...

Dems downplay nonpartisan analysis showing inflation bill increases taxes

Democrats scrambled Monday to downplay a nonpartisan assessment of their inflation bill showing it would lead to nearly every American paying higher taxes. The Democrats maintained that the...

Most Americans will feel tax pain from Dem inflation bill despite Biden's past promises

The vast majority of Americans will pay more in taxes as a result of Democrats' inflation bill despite President Biden's pledge not to raise taxes on those making under $400,000 per year. The...

FBI Likely Did 'Intentionally Undermine' A Congressional Probe On Hunter Biden: Senator

FBI Likely Did 'Intentionally Undermine' A Congressional Probe On Hunter Biden: Senator Authored by Frank Fang via The Epoch Times (emphasis ours), Sen. Ron Johnson (R-Wis.)...

Merck quarterly profit tops Wall Street view on strong Keytruda sales

By Michael Erman - Merck & Co on Thursday reported higher-than-expected second-quarter earnings and revenue on strong sales of its blockbuster cancer drug Keytruda. The company said it earned...

Merck avoided billions in U.S. tax by offshoring Keytruda profits

Drugmaker Merck & Co avoided billions of dollars of U.S. taxes in recent years on its top-selling cancer drug Keytruda by booking all the profits from the treatment outside of the United States,...

Senators again point to AbbVie as a poster child for reform. Only this time Dems are targeting a low, low tax rate

Senators again point to AbbVie as a poster child for reform. Only this time Dems are targeting a low, low tax rate for the drug giant. In the first 4 years after Abbvie split away from Abbott with...

Proposed changes to retirement system get approval from Senate committee, setting stage for potential passage of...

The Senate Finance Committee approved the EARN Act, which contains some provisions from the House-passed "Secure 2.0" Differences between the Senate and House versions still need to be worked out...

Treasury reaps windfall even without Democrats' tax increases

Individual income tax receipts are set to reach an all-time high. The surge could prove awkward for Democrats hoping to revive their “reconciliation’ spending package, which would hike a number of...

Biden ally pushes Big Oil surtax to eliminate 'perverse' incentives to price gouge

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Oil prices settle down on fears of Fed and oil profit tax

Brent crude futures settle down $1.10, or 0.9%, to $121.17 a barrel. Most Fed watchers had expected the U.S. central bank to hike rates by 50 basis points. But after Friday's surprisingly strong...

Treasury Secretary Yellen expects inflation to 'remain high'

Yellen: "I do expect inflation to remain high although I very much hope that it will be coming down now" "I think that bringing inflation down should be our number one priority," she says. Yellen...

Yellen faces grilling in Congress over 'wrong' inflation forecast

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Janet Yellen Faces Lawmakers as Biden Officials Grapple With Inflation

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Persistent Inflation Puts Yellen in the Spotlight

Janet L. Yellen told lawmakers it was time to "act big" on a pandemic relief package. She played down concerns about deficits at a time of perpetually low interest rates. A year and a half later,...

Dow Jones Futures Sell Off As Target Dives On Profit Warning

Retail giant Target sank more than 9% after warning profits would fall and announcing plans to quickly unload excess inventory. Key earnings movers include Academy Sports & Outdoors, Dave andamp;...

Social Security antifraud program imposed steep fines on elderly, disabled and poor people: report

The fines were imposed on more than 100 poor, disabled and elderly people. The fines were as high as hundreds of thousands of dollars. The program was overseen by Gail Ennis, inspector general for...

Elon Musk sells another $906.5 million worth of Tesla shares

Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million. Musk also exercised options to buy 2.134 million shares of Tesla at the strike price of...

Senators Seek To Amend Bitcoin Reporting Changes In Infrastructure Bill

The infrastructure bill’s text extends cash-focused section 6050I to contemplate cryptocurrency transactions. A bipartisan team of U.S. senators is introducing a bill to restrict tax reporting...

Senate Dems unveil plan to hit billionaires like Elon Musk, Jeff Bezos with tax hikes

The plan would apply to taxpayers earning above $100 million in annual income or those holding at least $1 billion in assets for three years. The plan was authored by Sen. Ron Wyden of Oregon,...

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