Last week, The New York Times NYT reported that President Biden is seeking to increase taxes on the rich in order to fund childcare and education under a strategy dubbed The American Family Plan. This is expected to involve investments to fight poverty, reduce childcare costs, establish a national paid leave program and introduce both
Taxes
Topline As President Joe Biden enters the final stretch of his first 100 days in office, he’s still garnering approval from a majority of Americans—and faring better than his predecessor—but an overwhelming majority of voters are still concerned about the economy as concerns over gun laws and immigration also come to the fore, according to
Today’s column addresses questions about whether child benefits will be reduced if the record holder filed early for their own retirement benefit, whether investing in stocks and cryptocurrency count as earnings and whether collecting early divorced spousal benefits reduce later retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Early last month, President Biden met with a group of prominent historians, seeking their guidance on how to build a transformative presidency. Axios described the two-hour session as a “for-the-history-books marker of the think-big, go-big mentality that pervades his West Wing.” Biden peppered his guests with questions about America’s most consequential presidents: George Washington, Abraham Lincoln, Lyndon Johnson, and the like. But one
In the game of tax chicken that is the 2021 filing season the IRS has swerved, albeit involuntarily, again. Despite repeatedly doubling down on the stance that first quarter estimated tax payments were due on April 15, the latest in a series of IRS system glitches has caused payments for many taxpayers not to be