Taxation – Page 6

Biden’s I.R.S. Nominee Will Be Grilled About $80 Billion Overhaul

Daniel Werfel is expected to defend the administration’s plan to modernize the agency at his confirmation hearing on Wednesday.

Hochul Could Face Battle With Fellow Democrats Over Corporate Tax Increase

Gov. Kathy Hochul is under pressure from some Democrats to extend a temporary corporate tax increase in her budget proposal on Wednesday.

As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service

The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.

How the U.S. Government Amassed $31 Trillion in Debt

Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.

Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.