Politics
Biden Proposes Gas Tax Holiday, Urges States to Do the Same
Biden Proposes Gas Tax Holiday, Urges States to Do the Same
The proposed three-month federal gas tax holiday would bring down the price of gasoline slightly, while state gas tax holidays could reduce the price …
June 22, 2022
Maryland Suspends Gas Tax to Offset Inflation at the Pump
Maryland Suspends Gas Tax to Offset Inflation at the Pump
The gas tax holiday will save Maryland drivers about 36 cents per gallon for gasoline and roughly 37 cents per gallon for diesel fuel.
March 18, 2022
The Biden Tax Plan: How the Build Back Better Act Could Affect Your Tax Bill
The Biden Tax Plan: How the Build Back Better Act Could Affect Your Tax Bill
Depending on your income, the Build Back Better Act recently passed by the House could boost or cut your future tax bills.
November 22, 2021
3 Reasons Not to Fear the Biden Tax Hikes
3 Reasons Not to Fear the Biden Tax Hikes
A lot of people are getting all worked up over President Biden's plan to raise taxes. Here are some reasons to chill.
May 3, 2021
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
How would wealthier Americans pay more in taxes under President Biden's American Families Plan? Let us count the ways.
April 30, 2021
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More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
President Biden's American Families Plan extends several popular tax credits that benefit low-income and middle-class families.
April 29, 2021
Biden Hopes to Eliminate Stepped-Up Basis for Millionaires
Biden Hopes to Eliminate Stepped-Up Basis for Millionaires
As part of his American Families Plan, President Biden wants to change the way capital assets are taxed when you die.
April 28, 2021
Biden Calls for Capital Gains Tax Hike
Biden Calls for Capital Gains Tax Hike
As expected, President Biden included a capital gains tax increase for millionaires in his American Families Plan.
April 28, 2021
Does President Biden Want to Raise YOUR Taxes?
Does President Biden Want to Raise YOUR Taxes?
President Biden's "social infrastructure" plan is expected to include tax increases for some Americans. Will you be one of them?
April 21, 2021
Congress Passes $3,000 Child Tax Credit for 2021
Congress Passes $3,000 Child Tax Credit for 2021
The provision would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by th…
March 10, 2021
Vote to Reinsert $15 Minimum Wage in Stimulus Bill Fails
Vote to Reinsert $15 Minimum Wage in Stimulus Bill Fails
Led by Sen. Bernie Sanders, the effort to get the $15 minimum wage provisions back into President Biden's COVID-Relief package falls short in the Sena…
March 5, 2021
House Approves $3,000 Child Tax Credit for 2021
House Approves $3,000 Child Tax Credit for 2021
The proposal would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by the…
February 27, 2021
$15 Minimum Wage Won't Be in Final Stimulus Bill
$15 Minimum Wage Won't Be in Final Stimulus Bill
The Senate Parliamentarian says minimum wage provisions aren't allowed in the budget reconciliation bill containing COVID-relief measures.
February 26, 2021
Minimum Wage Update: Republican Senators Offer $10 Minimum Wage Plan
Minimum Wage Update: Republican Senators Offer $10 Minimum Wage Plan
Senators Mitt Romney and Tom Cotton propose an alternative to the $15 minimum wage plan pushed by Democrats.
February 23, 2021
The Biden Stimulus Plan: Push for a Higher Child Tax Credit Continues
The Biden Stimulus Plan: Push for a Higher Child Tax Credit Continues
The proposal currently on the table would increase the child tax credit to $3,000 or $3,600 per child and have the IRS pay 50% of it in advance.
February 16, 2021
Congress Moves Forward with Minimum Wage Increase
Congress Moves Forward with Minimum Wage Increase
Despite questionable support, House Democrats still plan to include a $15 minimum wage provision in the budget reconciliation bill.
February 10, 2021
Third Stimulus Check Update: Democrats (Mostly) Reject "Targeting" of $1,400 Stimulus Checks
Third Stimulus Check Update: Democrats (Mostly) Reject "Targeting" of $1,400 Stimulus Checks
House Democrats' latest stimulus check plan applies the same phase-out thresholds used for previous stimulus payments, but families making over $200,0…
February 9, 2021
House Democrats Propose Monthly Payments of Up to $300 Per Child
House Democrats Propose Monthly Payments of Up to $300 Per Child
A bill in Congress would increase the child tax credit and have 50% of it paid in advance by the IRS from July through December.
February 9, 2021
Will Biden's $15 Minimum Wage Proposal Survive?
Will Biden's $15 Minimum Wage Proposal Survive?
Even President Biden doesn't think his proposed minimum wage increase will reach the finish line.
February 7, 2021
Mitt Romney's Higher Child Tax Credit Comes With a Twist
Mitt Romney's Higher Child Tax Credit Comes With a Twist
The Senator is calling for monthly payments of $250 or $350 per child, but he also wants to eliminate other family friendly tax breaks.
February 4, 2021
Biden Calls for $1,400 Third Stimulus Checks as Part of $1.9 Trillion Relief Package
Biden Calls for $1,400 Third Stimulus Checks as Part of $1.9 Trillion Relief Package
Under President Biden's plan for a third stimulus check, families with older dependents would benefit, but payments could be "targeted" to the most in…
February 4, 2021
Republican Senators' Plan Drops the $3,000 or $3,600 Child Credit
Republican Senators' Plan Drops the $3,000 or $3,600 Child Credit
A plan by 10 moderate GOP Senators omits Biden's proposal for a higher temporary child tax credit.
February 2, 2021
What the Democrats' Agenda Will Mean for Your Pocketbook
What the Democrats' Agenda Will Mean for Your Pocketbook
With President Joe Biden in the White House and a narrow Democratic majority in the Senate and House of Representatives, Democrats have a clearer path…
January 30, 2021
Shoring Up Social Security
Shoring Up Social Security
Social Security is headed for a shortfall. But sooner or later, lawmakers will act to preserve your benefits.
January 27, 2021
Biden's Stimulus Plan Includes $3,000 Child Tax Credits
Biden's Stimulus Plan Includes $3,000 Child Tax Credits
The president is calling for a temporary tax credit of $3,000 per child (more for younger children).
January 27, 2021
Biden Proposes $15 Minimum Wage
Biden Proposes $15 Minimum Wage
As part of his $1.9 trillion economic stimulus package, President Biden proposed an increase in the federal minimum wage.
January 22, 2021