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Articles for Wyden, search results for taxes

Column: Something for Biden to brag about — his IRS funding more than pays for itself
9 months, 2 weeks ago

Column: Something for Biden to brag about — his IRS funding more than pays for itself

LA Times  

It goes without saying that President Biden will take the podium for Thursday’s State of the Union address armed with facts and figures of all that he’s accomplished for the American people during his term. That’s the outcome of a provision of the Inflation Reduction Act of 2022, which endowed the IRS with $80 billion in new funding over 10 …

Taxes Income Treasury Biden Billion Million Crow
New Clarence Thomas ethics questions about forgiveness on luxury RV loan
1 year, 2 months ago

New Clarence Thomas ethics questions about forgiveness on luxury RV loan

NPR  

New Clarence Thomas ethics questions about forgiveness on luxury RV loan Enlarge this image toggle caption Paul Morigi/Getty Images for Accountable.US Paul Morigi/Getty Images for Accountable.US The drip, drip, drip of new ethics questions about Supreme Court Justice Clarence Thomas's ethics continued Wednesday. Senate Finance Committee Chairman Ron Wyden, D-Ore., disclosed that documents turned over to the committee indicate that …

Loan Thomas Drip Wyden Welters
Senate Finance Chief blasts Clarence Thomas' billionaire friend for obstructing gift probe
1 year, 7 months ago

Senate Finance Chief blasts Clarence Thomas' billionaire friend for obstructing gift probe

Salon  

This article originally appeared at Common Dreams. The Democratic chair of the Senate Finance Committee said Tuesday that billionaire GOP megadonor Harlan Crow is trying to obstruct the panel's investigation into his gifts to Supreme Court Justice Clarence Thomas, who is facing growing calls to resign for failing to disclose luxury vacations and other largesse from an individual with business …

Finance Justice Supreme Court Gifts Tax Court Congress
Tougher IRS enforcement central to Dem economic package
2 years, 4 months ago

Tougher IRS enforcement central to Dem economic package

Associated Press  

WASHINGTON — After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it’s long wanted in the economic package that Democrats are working furiously to push through Congress before their August break. Sen. Tom Carper, D-Del., a longtime member of the Senate Finance Committee, said he hears the same thing from …

Tax Democratic Revenue Democrats Senate Republican Billion
Progressives want a wealth tax for the super rich. Here's why it's hard to pull off
3 years, 1 month ago

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

NPR  

Progressives want a wealth tax for the super rich. Yet many of these billionaires pay little in taxes, and that has sparked a big push by progressives for a "wealth tax." Wyden calls it a "billionaires tax," targeting the ultra rich as a way to help pay for President Biden's agenda. Collection is a challenge even if a wealth tax …

Tax Wealth Taxes Congress Pay Stock Musk
Elon Musk asked Twitter followers if he should sell Tesla shares. They said yes
3 years, 1 month ago

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

NPR  

Elon Musk asked Twitter followers if he should sell Tesla shares. They said yes Enlarge this image toggle caption Britta Pedersen/Pool/AFP via Getty Images Britta Pedersen/Pool/AFP via Getty Images Tesla shares fell sharply on Monday after CEO Elon Musk surprised his Twitter followers with a strange proposal: He offered to sell 10% of his stock and put the decision up …

Tax Tesla Stock Musk Elon Musk Tesla Shares Getty Images
Column: Thank you, Elon Musk. You’ve just proved why a billionaires tax is essential
3 years, 1 month ago

Column: Thank you, Elon Musk. You’ve just proved why a billionaires tax is essential

LA Times  

Elon Musk said he was letting Twitter followers decide whether he should sell Tesla stock. Musk on Saturday responded to a proposal to impose a tax on billionaires’ wealth by launching a poll on Twitter, asking followers whether he should sell 10% of his shares in the electric vehicle company Tesla. “Whether or not the world’s richest man pays any …

Tax Wealth Tesla Stock Musk Elon Musk Tesla Shares
A new House bill would blow up the massive IRAs of the superwealthy
3 years, 3 months ago

A new House bill would blow up the massive IRAs of the superwealthy

Raw Story  

Legislation currently making its way through Congress would take a sledgehammer to the massive individual retirement accounts built up tax-free by a select group of the ultrawealthy. Those accounts — Thiel's alone was worth $5 billion in 2019 — have allowed some super-wealthy Americans to turn their Roth IRAs, tools meant to incentivize middle-class retirement saving, into supersized tax shelters. …

Retirement Tax Taxes Trump Proposal Income Musk
AP sources: Biden to pick Katherine Tai as top trade envoy
4 years ago

AP sources: Biden to pick Katherine Tai as top trade envoy

Associated Press  

WASHINGTON — President-elect Joe Biden is set to nominate Katherine Tai to be the top U.S. trade envoy, according to two people familiar with his plans. Fluent in Mandarin Chinese, Tai earlier oversaw China trade enforcement for the Office of the U.S. Trade Representative, setting U.S. strategy in trade disputes with China. As the top trade staffer at Ways and …

Biden American Katherine Tai China Trade