Minimum global corporate rate of 15% agreed by 136 countries as Yellen also says US will raise debt ceiling on 3 DecemberThe US treasury secretary, Janet Yellen, said on Sunday she was confident Congress would approve legislation to implement the globa…
Barack Obama: tax the rich, including me, to fund Biden spending plan
Former president says billionaires should ‘pay a little bit more in taxes’ to fund healthcare, childcare and the climate crisis fightIn deep red West Virginia, Biden spending plan is popularBarack Obama says wealthy Americans – including himself – can …
Pelosi: Biden spending plan, infrastructure deal and funding ‘must pass’ next week
Speaker sends letter to party at mercy of warring factionsOne reporter observes: ‘Well, this is raising the stakes’In a letter to Democrats on Saturday the House speaker, Nancy Pelosi, set her sights high, saying Joe Biden’s $3.5tn spending package, a …
US’s wealthiest 1% are failing to pay $160bn a year in taxes, report finds
This amounts to 28% of the ‘tax gap’, treasury report says, which Biden proposes closing by empowering IRS to pursue aggressivelyThe wealthiest 1% of Americans are responsible for more than $160bn of lost tax revenue each year, according to a new repor…