Latest National budgets News

Billionaire tax hits critics as Biden pushes for budget deal

Oct. 26, 2021 00:58 AM EDT

WASHINGTON (AP) — The Democrats' idea for a new billionaires’ tax to help pay for President Joe Biden's social services and climate change plan quickly ran into criticism as too cumbersome with some lawmakers preferring the original plan of simply raising the top tax rates on...

White House eyes new climate change strategies in Biden bill

Oct. 26, 2021 00:47 AM EDT

WASHINGTON (AP) — The White House is zeroing in on a package of clean energy strategies for President Joe Biden's big domestic policy bill that officials believe could reach similar greenhouse gas emission reduction goals as an initial proposal that was quashed by opposition. ...

EXPLAINER: What's a 'wealth tax' and how would it work?

Oct. 26, 2021 00:24 AM EDT

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright “wealth tax” when campaigning last year. But his more conventional proposed rate hikes on the income of...

White House eyes new climate change strategies in Biden bill

Oct. 25, 2021 23:27 PM EDT

WASHINGTON (AP) — The White House is zeroing in on a package of clean energy strategies for President Joe Biden's big domestic policy bill that officials believe could reach similar greenhouse gas emission reduction goals as an initial proposal that was quashed by opposition. ...

Billionaire tax hits critics as Biden pushes for budget deal

Oct. 25, 2021 21:56 PM EDT

WASHINGTON (AP) — The Democrats' idea for a new billionaires’ tax to help pay for President Joe Biden's social services and climate change plan quickly ran into criticism as too cumbersome with some lawmakers preferring the original plan of simply raising the top tax rates on...

Biden, Schumer, Manchin huddle, but still no budget deal

Oct. 24, 2021 21:49 PM EDT

WASHINGTON (AP) — Pivotal Democratic Sen. Joe Manchin appears to be on board with White House proposals for new taxes on billionaires and certain corporations to help pay for President Joe Biden’s scaled-back social services and climate change package. Biden huddled...

Analysis: Louisiana budget boom continues for another year

Oct. 24, 2021 16:01 PM EDT

BATON ROUGE, La. (AP) — Rather than crush state finances, the coronavirus pandemic is sending a glut of money to Louisiana's treasury, with Gov. John Bel Edwards and lawmakers facing another year of decisions about how to spend piles of cash available to them. The state...

Deal on Biden's $2T plan edges closer; Harris is 'confident'

Oct. 23, 2021 17:27 PM EDT

WASHINGTON (AP) — A deal within reach, President Joe Biden and Congress’ top Democrats edged close to sealing their giant domestic legislation, though the informal deadline appeared to slip as they worked to scale back the measure and determine how to pay for it. ...

What's in, and what's out, as Democrats reshape Biden bill

Oct. 23, 2021 00:24 AM EDT

WASHINGTON (AP) — After months of talks, Democrats are edging closer to an agreement on what programs and policies to include in President Joe Biden's massive plan to expand health and safety net programs and combat global warming. The plan seems likely to include...

Deal seems near on $2T Biden package, though deadline slips

Oct. 22, 2021 21:54 PM EDT

WASHINGTON (AP) — A deal within reach, President Joe Biden and Congress’ top Democrats edged close to sealing their giant domestic legislation Friday, though the day's informal deadline appeared to slip as they worked to scale back the measure and determine how to pay for it. ...