Problems with delaying a corporate rate increase

By Kyle Pomerleau According to Law360, the Biden administration is planning to delay some of its proposed corporate tax increases, including a rate hike from 21 to 28 percent, in an effort to minimize harm ....

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The American Rescue Plan’s likely cost is way more than $1.9 trillion

By Alex Brill The Senate is poised to consider President Biden’s American Rescue Plan, an elaborate bill recently passed by the House of Representatives through the budget reconciliation process at an estimated cost of $1.9 ....

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Wealth taxes come with a wealth of worrisome potential trade-offs

By James Pethokoukis President Biden’s campaign tax plan was full of tax increases, some $3 trillion worth. But a wealth tax wasn’t one of them. And, according to The New York Times, a wealth tax ....

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Federal judge blocks rule that turns away refugees because of late tax returns

As I noted last week, the Trump administration recently finalized a regulation that imposes numerous new restrictions on refugees seeking asylum. I singled out a provision of the regulation that would generally bar asylum based ....

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The IRS abandons its lawless effort to deny rebate payments to prisoners

In previous posts (here and here), I discussed the IRS’s lawless policy denying rebate payments to several groups that it loosely refers to as “incarcerated” — convicts serving their sentences, defendants institutionalized because they were found incompetent ....

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