Laura Davison

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and on people who make more than $400,000 a year.

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight.

The bill, which would tax unrealized gains, is not part of the tax and climate deal announced earlier this week.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

The disclosure of the personal income and tax data of some of the wealthiest Americans has been referred to additional federal investigators.

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

The legislation would rival the $2 trillion March 2020 CARES Act in size and scope and follow a $900 billion December relief package.