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Tougher IRS enforcement central to Dem economic package

One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line.

Democrats say they've reached agreement on economic package

Senate Democrats say they have reached an accord on changes to their marquee economic legislation, clearing the major hurdle to pushing one of President Joe Biden’s leading election-year priorities through the chamber in coming days.

U.S. Senate bill would legalize marijuana for first time in 50+ years

The bill goes beyond legalization and would expunge federal cannabis-related records.

sacurrent.com

Biden vows 'strong' climate action despite dual setbacks

President Joe Biden is promising “strong executive action” to combat climate change, despite setbacks that have restricted his ability to regulate carbon emissions and boost clean energy such as wind and solar power.

Tear gas: Senators decry lack of federal safety assessment

Questions posed about the safety of tear gas remain unanswered, even after more than a dozen U.S. senators asked a congressional watchdog to look into the issue.

Sept. 11 families plan protest as LIV tees off in Oregon

LIV Golf’s first U.S. event was set to begin Thursday, with a group of survivors and families who lost loved ones in the Sept. 11 terror attacks planning to gather at a nearby park to speak out against the Saudi Arabia-funded tour.

Koepka cites injuries, family for joining Saudi-backed tour

Four months after suggesting those who defected to the Saudi-backed LIV Golf series were sellouts, Brooks Koepka explained Tuesday that he simply changed his mind.

LIV Golf heads to Oregon, where local officials aren't happy

Saudi Arabia-backed LIV Golf is getting a chilly reception in Oregon, its first stop in the United States.

LIV Golf heads to Oregon, where local officials aren't happy

Saudi Arabia-backed LIV Golf is getting a chilly reception in Oregon, its first stop in the United States. This coming week, the series, which is paying enormous signing fees for players like Phil Mickelson and Dustin Johnson, descends on Pumpkin Ridge Golf Club in tiny North Plains, nestled in the rolling hills west of Portland. Oregon Sen. Ron Wyden is speaking out against the tournament, and some members of the pricy club also are uncomfortable with the situation.

news.yahoo.com
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After Roe, Dems seek probe of tech's use of personal data

Four Democratic lawmakers are asking federal regulators to investigate Apple and Google for allegedly deceiving mobile phone users by collecting and selling their personal data.

Proposed changes to retirement system get approval from Senate committee, setting stage for potential passage of ‘Secure 2.0’ this year

The so-called EARN Act received unanimous approval from the Senate Finance Committee on Wednesday, making it more likely that 'Secure 2.0' will clear Congress.

cnbc.com

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

An IRS watchdog says customer service issues are worsening at the tax-return-processing agency.

Labor shortage compounds federal firefighters' staffing woes

Firefighter groups are applauding steps taken by the Biden administration this week to temporarily raise wages for the men and women on the front lines of the nation’s largest wildfires.

IRS erases last season's backlog, but still faces 2022 crush

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week.

Biden has few options left to quickly bring down gas prices. Now he's making a big bet by bashing Big Oil and turning to a brutal leader for help.

Biden pledged that combating inflation would become his top domestic priority as soaring gas prices tank Americans' faith in the economy.

news.yahoo.com

Oregon is dropping an artificial intelligence tool used in child welfare system

Officials will stop using an algorithm to help decide which families are investigated by social workers, opting instead for a process that officials say will make more racially equitable decisions.

npr.org

Democrats refocus attention on drug prices after Oregon primary shakeup

There's rekindled interest on Capitol Hill in pushing through prescription drug legislation before the midterm elections — when Democrats are at risk of losing their congressional majorities and any chance at the sort of aggressive policy they have promised in their campaigns since at least 2006.

washingtonpost.com

Democrats: Google must protect privacy of abortion patients

More than 40 Democratic members of Congress are asking Google to stop what they see as the unnecessary collection and retention of peoples' location data.

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Senate panel investigates Abbott tax practices after contamination shut down baby formula plant

The closure of the Michigan plant has played a major role in the infant formula shortage that has left parents scrambling to find food for their babies with stores shelves empty in many communities. "The closure of the plant has contributed substantially to a national shortage of infant formula, putting families across the country at risk," the senator said. The company's stock buybacks did not impact its ability to invest in or re-open the Michigan plant, spokesman John Koval said. In February, Abbott closed its infant formula plant in Michigan after the Food and Drug Administration found contamination at the facility from the bacteria Cronobacter sakazakii. Califf will face questions from lawmakers about the infant formula shortage during a hearing in the House Appropriations agriculture subcommittee Thursday.

cnbc.com

With Roe in doubt, some fear tech surveillance of pregnancy

Companies that collect data from the digital clues people leave online often know their most sensitive health information _ gleaned from web searches, health apps and location trackers.

Harris calls out Senate Republicans for blocking abortion right vote

"Sadly the Senate failed to stand in defense of a woman's right to make decisions about her own body," US Vice President Kamala Harris says after a Democratic drive to make the right to abortion the law of the land failed in the US Senate.

news.yahoo.com

Manchin signals he's willing to abandon Biden's economic agenda if he strikes a climate deal with the GOP

Manchin may be throwing a big wrench in Democrats' efforts to salvage what's left of their Build Back Better plan.

news.yahoo.com

House panels probe gov't use of facial recognition software

Two House committees have launched an investigation into the government’s use of facial recognition software.

Bipartisan push on mental health crisis that COVID worsened

A major effort to overhaul care for people in the United States with mental health and drug problems is gaining traction in Washington.

There’s a growing interest in wealth taxes on the super-rich. Here’s why it hasn’t happened

Americans increasingly favor a wealth tax on the ultra-rich, but despite the uptick in proposals, these policies have struggled to gain traction.

cnbc.com

Senate passes ban on Russian oil and gas imports

The bill was packaged with legislation revoking Russia's trade status, part of the government wide effort to penalize the Kremlin for invading Ukraine.

cnbc.com

Senate to vote on revoking Russia's trade status, oil ban

Legislation punishing Russia for the war in Ukraine is finally getting a vote in the U.S. Senate.

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Congress votes to suspend Russia trade status, enact oil ban

Congress has overwhelmingly voted to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia’s invasion of Ukraine amid reports of atrocities.

Billions, and more, for lawmakers' projects in spending bill

Home-district projects for members of Congress are back, sprinkled across the government-wide $1.5 trillion bill that President Joe Biden signed recently.

Biden budget has Manchin priorities: Tax rich, cut deficit

President Joe Biden’s $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans.

Justices decide for themselves when to step aside from cases

Reports that the wife of Supreme Court Justice Clarence Thomas implored Donald Trump’s White House chief of staff to act to overturn the 2020 election results have put a spotlight on how justices decide whether to step aside from a case.

Senate Democrat Wyden says Supreme Court Justice Thomas should recuse in cases involving Trump, Jan. 6 Capitol riot

Ginni Thomas, wife of Supreme Court Justice Clarence Thomas, urged Trump's chief of staff Mark Meadows to seek to overturn the election of Joe Biden.

cnbc.com

Senators issue bipartisan call to restore donors' tax breaks

Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal on the question of whether to support legislation designed to boost payout from foundations and donor-advised funds.

Senators issue bipartisan call to restore donors' tax breaks

Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal on the question of whether to support legislation designed to boost payouts from foundations and donor-advised funds. “The charitable deduction is a lifeline, not a loophole,” said Sen. Ron Wyden, a Democrat from Oregon, who said there would be bipartisan support for renewing and expanding the deduction. Sen. James Lankford, a Republican from Oklahoma, echoed that call, saying he was “passionate” about expanding the charitable deduction.

news.yahoo.com

Column: What if the CIA is spying on Americans?

The recent allegation that the CIA is gathering data on American citizens received little attention — unlike when that happened in the 1970s.

latimes.com

Please hold: Pricey way to jump IRS phone line at tax time

At a time when calls to the IRS have reached record levels, a private company lets those who are willing to pay jump to the front of the line to get their phone calls answered.

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Senators: CIA has secret program that collects American data

Two Democrats on the Senate Intelligence Committee say the CIA has a secret, undisclosed data repository that includes information collected about Americans.

IRS to end use of facial recognition to identify taxpayers

The IRS sys it will stop using facial recognition technology to authenticate people who create online accounts after the practice came under criticism from privacy advocates and lawmakers.

Looking for evidence? Trust us, Biden administration says

President Joe Biden's administration has refused to share evidence for national security claims in recent days, and officials have even accused reporters of buying into foreign propaganda.

FBI confirms it bought spyware from Israel's NSO Group

The FBI has confirmed purchasing NSO Group's powerful spyware tool Pegasus, whose chronic abuse to hack journalists, dissidents and human rights activists has long been established.

Sen. Luján to be out at least 4 weeks, Biden agenda at risk

The Democrats’ fragile hold on the Senate majority has become vividly apparent with the sudden illness of of New Mexico Sen. Ben Ray Luján.

The IRS wants your selfie. ID.me CEO says don't worry about it.

The IRS will require taxpayers to take selfies to see their online accounts. Company founder Blake Hall says it's needed to stop fraud.

cbsnews.com

Elon Musk hurls insults at Elizabeth Warren over her criticism of his taxes, saying she's like a 'friend's angry mom' who randomly yells for no reason

Musk is escalating his feud with Democrats seeking to aggressively tax the wealthiest Americans. He reportedly paid no income tax in 2018.

news.yahoo.com

Manchin hits Dems' $2T bill as too costly, talks to Biden

Sen. Joe Manchin is signaling anew that he’s still not ready to back his party’s $2 trillion social and environment legislation as party leaders scramble for a pathway to advance the long-stalled package — preferably by Christmas.

'Deeply disturbing': House Homeland Security chair on report of CBP investigating journalists and elected officials

Rep. Bennie Thompson, chairman of the House Homeland Security Committee, joined calls for the Department of Homeland Security to provide information about a secretive unit that was investigating journalists, elected officials and other Americans.

news.yahoo.com
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AP seeks answers from US gov't on tracking of journalists

The Associated Press is seeking answers from the Department of Homeland Security on its use of sensitive government databases for tracking international terrorists to investigate as many as 20 American journalists, including an acclaimed AP reporter.

Medicare urged to flex its power and slash back premium hike

The head of a Senate panel that oversees Medicare says the Biden administration should cut back a hefty premium increase soon to hit millions of enrollees.

Medicare urged to flex its power and slash back premium hike

The head of a Senate panel that oversees Medicare says the Biden administration should use its legal authority to cut back a hefty premium increase soon hitting millions of enrollees, as a growing number of Democratic lawmakers call for action amid worries over rising inflation. Last month, Medicare announced one of the largest increases ever in its “Part B” monthly premium for outpatient care, nearly $22, from $148.50 currently to $170.10 starting in January. The agency attributed roughly half the hike, about $11 a month, to the need for a contingency fund to cover Aduhelm, a new $56,000 Alzheimer's drug from Biogen whose benefits have been widely questioned. “Rather than assessing the current $21.60 per month ... premium increase in full, I urge you to reduce the amount,” Senate Finance Chairman Ron Wyden, D-Ore., wrote health secretary Xavier Becerra.

news.yahoo.com

Senator slams CBP for investigating journalists and demands internal report be turned over to Congress

Democratic Sen. Ron Wyden is demanding that the Department of Homeland Security’s watchdog turn over its investigation into employees involved in a leak investigation of a reporter and a congressional staffer.

news.yahoo.com

$56K Alzheimer’s drug avoiding Biden’s cost curbs, for now

A new $56,000-a-year Alzheimer’s medication that’s leading to one of the biggest increases ever in Medicare premiums is highlighting the limitations of President Joe Biden’s strategy for curbing prescription drug costs.

It's not just Manchin: Dems' $2T bill faces Senate gauntlet

Democrats have finally driven President Joe Biden’s $2 trillion package of family services, health care and climate initiatives through the House.

Cap on drug price hikes for privately insured sparks battle

Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in President Joe Biden's social agenda bill.

Native American confirmed as head of National Park Service

The U.S. Senate has unanimously approved the nomination of Charles “Chuck” Sams III as National Park Service director, which will make him the first Native American to lead the agency that oversees more than 131,000 square miles of parks and other landmarks.

Elon Musk picked a Twitter fight with Bernie Sanders over tax policy

The 80-year-old Vermont senator wrote, "We must demand that the extremely wealthy pay their fair share." Musk retorted, "I keep forgetting that you're still alive."

cnbc.com
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Progressives want a wealth tax for the super rich. Here's why it's hard to pull off

Progressives are pushing for a wealth tax targeted at the ultra rich like Jeff Bezos and Elon Musk. However, as it turns out, taxing the richest people in the world is easier said than done.

npr.org

Elon Musk asked Twitter followers if he should sell Tesla shares. They said yes

Tesla shares are falling after Elon Musk proposed to sell 10% of his shares in the company if his Twitter followers agreed.

npr.org

Elon Musk made a gross sex joke at the chair of the Senate Finance Committee who criticized his Twitter poll about taxes

Sen. Ron Wyden said a Twitter poll should not decide if "the world's wealthiest man pays any taxes at all." Musk focused on his profile picture.

news.yahoo.com

"They have really endless resources": Big Pharma spending $263M to keep drug prices high

The pharmaceutical industry has employed three lobbyists for every member of Congress this year.

cbsnews.com

Democrats reach drug price deal, Biden upbeat on Manchin

Democrats say they have sealed a deal to lower pharmaceutical drug costs for most older Americans as part of President Joe Biden’s sweeping $1.75 trillion domestic proposal.

248 millionaires are calling for Democrats to tax billionaires' income. 'We have a rare opportunity to reform our broken tax code.'

Signatory Morris Pearl said there's a fear rich people might "go on strike" if taxes go up, but the millionaires know it's in their best interest.

news.yahoo.com

'Stupid' And 'Insane': Some Billionaires Vent Over Tax Plan

Some billionaires like Elon Musk and John Catsimatidis are firing back over the Congress' 'billionaire tax' plan.

www3.newsy.com

'Stupid' And 'Insane': Some Billionaires Vent Over Tax Plan

Some billionaires like Elon Musk and John Catsimatidis are firing back over the Congress' 'billionaire tax' plan.

www1.newsy.com

'Stupid' And 'Insane': Some Billionaires Vent Over Tax Plan

Some billionaires like Elon Musk and John Catsimatidis are firing back over the Congress' 'billionaire tax' plan.

newsy.com
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'Stupid' and 'insane': Some billionaires vent over tax plan

Elon Musk isn’t happy.

Paid family leave falls out of Biden bill as tempers rise

Top Democrats say a deal is within reach on President Joe Biden's big domestic bill.

Biden announces 'historic' deal — but still must win votes

President Joe Biden says he has reached a “historic” framework with Democrats in Congress on his sweeping, though scaled-back domestic policy plan.

If the billionaire tax survives, it may face legal challenges. Here's why

Sen. Ron Wyden, D-Ore., has unveiled a plan to tax billionaires' unrealized capital gains. However, if the proposal survives, it may face legal challenges.

cnbc.com

Democrats are proposing a billionaires income tax—here's how it would work

Senate Democrats' proposed billionaires income tax, or BIT, would effectively change how capital gains are taxed for the richest American households.

cnbc.com

Democrats want to tax billionaires. Here's how much Mark Zuckerberg, Elon Musk, and Jeff Bezos would pay under their new plan.

Democrats are targeting 700 or so billionaires and economist Gabriel Zucman has calculated what the US - and the world's - richest would pay.

news.yahoo.com

What is a "billionaires tax," and how would it work?

About 700 Americans could face a new wealth tax under a Democratic proposal. Here's how it could work.

cbsnews.com

Billionaires income tax could pose challenges for Democrats as they search for ways to pay for their social spending agenda

Democrats also proposed a 15% minimum tax on companies reporting more than $1 billion in profits each year.

cbsnews.com

Senate Democrats unveil a plan for a new tax on billionaires

Democrats say the tax on billionaire assets would help pay for President Biden's social spending bill.

npr.org
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Billionaires income tax could pose challenges for Democrats as they search for ways to pay for their social spending agenda

Democrats also proposed a 15% minimum tax on companies reporting more than $1 billion in profits each year.

cbsnews.com

Corporate minimum tax proposal unveiled by key Senate Democrats as Biden social bill comes together

New details of a Democratic plan to enact a 15% minimum corporate tax on declared income of large corporations were released Tuesday by three senators.

cnbc.com

Billionaire tax hits critics as Biden pushes for budget deal

The Democrats’ idea for a new billionaires’ tax to help pay for President Joe Biden’s social services and climate change plan is quickly running into criticism.

Half its original size, Biden's big plan in race to finish

President Joe Biden’s big domestic policy bill is now half its original size and being pulled apart and reconfigured as Democrats edge closer to satisfying their most reluctant lawmakers.

EXPLAINER: What's a 'wealth tax' and how would it work?

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that's billionaires.

Mitch McConnell slams Democrats' proposal to tax billionaires, calling it a 'hair-brained scheme' to penalize people who 'invested wisely'

Democrats are floating a "billionaires' tax" to fund their social spending bill that would include measures like affordable child care and paid leave.

news.yahoo.com

Deal on Biden's $2T plan edges closer; Harris is 'confident'

President Joe Biden and Democratic leaders in Congress have edged close to a deal on their big package of social services and climate change strategies.

White House, Dems hurriedly reworking $2 trillion Biden plan

The White House and Democrats are hurriedly reworking key aspects of President Joe Biden’s $2 trillion domestic policy plan.

Deal seems near on $2T Biden package, though deadline slips

A deal within reach, President Joe Biden and Congress’ top Democrats have edged close to sealing their giant domestic legislation.

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Big changes in White House ideas to pay for $2 trillion plan

The White House is floating new plans for ways to pay for President Joe Biden’s $2 trillion proposal for expanding social services and tackling climate change.

Democrats slam Biden's 'big mistake' to renew $300 monthly checks for families for only one year

The president floated a briefer extension of child tax credits, but some senior Democrats are calling it a "missed opportunity" to support families.

news.yahoo.com

Biden focuses on climate, families in trimmed $2T plan

Scaling back his big government-overhaul plans, President Joe Biden has described a more-limited vision to Democratic lawmakers.

Democrats to announce narrowing IRS bank reporting proposal to $10,000 transactions

Democrats under pressure from the GOP and the banking industry have agreed to raise the cap to $10,000 on a proposal that all bank transactions of more than $600 be reported to the IRS.

news.yahoo.com

Biden's dilemma: Satisfying Manchin risks losing other Dems

It’s Washington's enduring question: What does Joe Manchin want.

Ban on negotiating Medicare drug prices under pressure

Negotiating Medicare drug prices is a linchpin of President Joe Biden's ambitious health care agenda.

Senate bill that would end ETF tax breaks is 'just bad policy,' CEO says

Some 12 million Americans with a median income of $125,000 could be affected by the proposed change to the tax code, ICI CEO Eric Pan warns.

cnbc.com

On climate change, Biden $3.5T plan making up for lost time

As President Joe Biden visited one disaster site after another this summer he declared climate change “everybody’s crisis.”.

Democrats see tax 'framework' to pay for huge $3.5T package

Top congressional Democrats say they and the White House have agreed to a framework of tax options to pay for their emerging $3.5 trillion social and environment bill.

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Senate bill to end ETF tax break is 'pretty unlikely to pass,' market analyst says

A Democratic proposal to close a key tax loophole for exchange-traded funds is "regressive" and likely won't pass, says ETF Trends' Dave Nadig.

cnbc.com

Democratic plan would close tax break on exchange-traded funds

Senate Finance Committee Chairman Ron Wyden has proposed a new tax on exchange-traded funds' in-kind transactions.

cnbc.com

House Democrats propose new retirement plan rules for the rich, including contribution limits and a repeal of Roth conversions

A proposal from House Dems would repeal Roth conversions in individual retirement accounts and 401(k)-type plans for those making more than $400,000 a year.

cnbc.com

Democrats float a tax on investments to help pay for $3.5 trillion budget plan

Democrats are weighing proposals to fund their $3.5 trillion budget plan, including mark-to-market levies on certain investments, taxing growth every year.

cnbc.com

Democrats consider new taxes aimed at CEO pay, stock buybacks for $3.5 trillion budget plan

Congressional Democrats are weighing a raft of taxes that would target CEO pay and big U.S. companies that buy back shares.

cnbc.com

Biden administration officials say enhanced unemployment benefits will expire September 6

Treasury Secretary Janet Yellen and Labor Secretary Marty Walsh said in a letter that President Joe Biden wants Congress to include unemployment reform in the budget reconciliation process.

cbsnews.com

There are 2 competing crypto tax amendments to the Senate's infrastructure bill—here’s what each would mean for the industry

Two competing crypto tax amendments to the Senate's infrastructure bill has provoked concern within the crypto community.

cnbc.com

White House backs senators pushing for stricter crypto reporting rules

The White House is taking sides in the crypto amendment battle roiling Congress.

cnbc.com

Senators file crypto broker amendment to infrastructure bill after industry backlash

Sens. Ron Wyden, Pat Toomey and Cynthia Lummis filed an amendment to clarify crypto language in the Senate's infrastructure bill.

cnbc.com

We Need a Civilian Climate Corps to Take on Today’s Crises

Democrats in Congress are pushing for a federal jobs program that would tackle climate, land use, infrastructure, and more. Here's why it's so urgent.

outsideonline.com
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