Stories tagged: "taxes"


FILE - Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the public in recent weeks that they don't want the government of the world's largest economy to default. But President Joe Biden has resisted McCarthy's calls for negotiations, while McCarthy is pushing a plan that can't pass the Democratic-majority Senate. (AP Photo/J. Scott Applewhite, File)
What Happens if America Defaults on Its Debt?

If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.

President Joe Biden speaks about his 2024 proposed budget at the Finishing Trades Institute, Thursday, March 9, 2023, in Philadelphia. (AP Photo/Matt Rourke)
Biden’s Budget Would Tax Billionaires, Corporations to Strengthen Medicare, Expand Child Care, and Help Families

Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.

President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala Harris and House Speaker Kevin McCarthy of Calif., applaud. (Jacquelyn Martin, Pool)
‘A Blue-Collar Blueprint to Rebuild America’: 7 Takeaways From Biden’s State of the Union

Biden’s blueprint includes several recently passed laws which are expected to create millions of good-paying jobs in construction, manufacturing, and other sectors. 

Quick Answers About Doing Your Taxes (and How to Get Them Done for Free)​

Dreading filing your taxes? You're not alone. Let us make it a little easier with this list of answers to common questions about tax season, including Michigan-specific information and help.

House Minority Leader Kevin McCarthy, R-Calif., walks to the chamber for final votes as the House wraps up its work for the week, at the Capitol in Washington, Friday, Dec. 2, 2022. McCarthy is seeking enough GOP backing to become Democrat Nancy Pelosi's successor when Republicans take control of the House in the new Congress. (AP Photo/J. Scott Applewhite)
House Republicans’ Agenda Focuses on Social Security Cuts and Sham Investigations—Not Working Families

Between Republicans’ economic agenda, spurious investigations, and threatened impeachments, the House is looking at a busy but unproductive year.

AP Photo/Andrew Harnik
The Republican Party’s Economic Agenda Includes Tax Cuts for Corporations and Cuts to Social Security and Medicare

Republicans have said they want to extend the Trump tax cuts, which mostly benefited billionaires and corporations; cut spending on Social Security and Medicare; and repeal the Inflation Reduction Act, which lowered the cost of prescription drugs and raised taxes on corporations.

Puerto Rico - Taxes _ Influencer
Puerto Rican Millionaire Influencer Accused of Tax Evasion

The luxurious life of Chris Agront was all over the press, and then the Puerto Rico Department of Treasury discovered that he hadn’t even set up a SURI account to pay taxes on the island.