Highest for individuals since 1913. The nonpartisan Congressional Budget Office (CBO) has released its budget and economic outlook for 2022 and it shows that federal taxes are rising…
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President Sets Out Plan to Fight Inflation
He will “build on historic recovery.” On Tuesday, President Biden laid out a three-part plan for combating high inflation. “We have a chance to build on a historic recovery…
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Individual Income Taxes Surge
Will go higher as previous administration’s tax cuts expire. Americans are now paying the most in individual income taxes ever. According to a new budget analysis presented to…
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President Says Inflation is Top Domestic Priority
Meanwhile, gas prices hit all-time high. President Biden stated on Tuesday that addressing inflation is his “top domestic priority” particularly as midterm elections loom. “I want everyone to know…
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White House Planning New Type of Income Tax
Unrealized gains of billionaires are the new tax target. President Biden announced a new taxation plan he says will raise an additional $1 trillion by fundamentally changing the…
Read MoreMary G. Ryan, Alcohol, Tobacco, Tax, and Trade Bureau
Mary G. Ryan is Administrator of the Alcohol, Tobacco, Tax, and Trade Bureau. Her office regulates and collects taxes on trade and imports of alcohol, tobacco, and firearms within…
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