Taxes
- PoliticsYahoo News 360
Should the U.S. have a wealth tax?
Many Democrats say a new approach to taxes would ensure that the ultrarich pay their fair share, but the Supreme Court may soon block the idea from ever becoming a reality.
2 min read - PoliticsYahoo News
Trump’s tax returns have been released by House Democrats. Read them here.
The House Ways and Means Committee released years of former President Donald Trump’s tax records Friday, following a prolonged battle and just days before Democrats lose control of the House to the new Republican majority.
2 min read - PoliticsYahoo News 360
Is an extra $80 billion for the IRS good news for taxpayers?
The funding increase is designed to help the agency process returns more efficiently and chase down wealthy tax cheats, but conservatives warn it will lead to more audits for the middle class.
8 min read - PoliticsYahoo News
'A great day': Biden, Democrats bask in victory as Inflation Reduction Act becomes law
As he prepared to sign the Inflation Reduction Act on Tuesday, President Biden rebuked critics and celebrated passage of a law that, supporters say, will significantly reorient the economy toward renewable sources of energy and make health care more affordable.
3 min read - PoliticsYahoo News
3 things everyone should know about the Inflation Reduction Act
President Biden writes about the Inflation Reduction Act, which he signed Tuesday. He describes it as “one of the most significant laws in recent history.”
4 min read - PoliticsYahoo News
Inflation Reduction Act: What's next for Democrats' climate and health care bill
Over the weekend, Senate Democrats passed the Inflation Reduction Act of 2022, legislation that would fulfill some of President Biden’s campaign promises on climate and prescription drugs. Passage in the House of Representatives is likely to come later this week.
6 min read - PoliticsYahoo News 360
Filing taxes doesn't have to be so painful
Americans cumulatively spend 2 billion hours every year filling out their tax returns. There are plenty of proposals to make the process easier, but getting Congress to agree on one of them is a tall order.
6 min read