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House Republicans Demand Information on IRS Telework Policy
Joe Biden · United StatesPresident Joe Biden proposed $12.3 billion in annual funding for the IRS in his budget proposal. The proposed IRS annual funding aligns with 2023 levels, though is a decrease from Biden's $14.1 billion pitch from last year. The administration's fiscal 2025 budget request also proposes restoring and extending the 2022 tax-and-climate law funds.See the Story
Biden Proposes $12.3 Billion for IRS Revamp, Tax Cheat Crackdown
Joe Biden · United StatesPresident Biden’s proposed budget would boost federal spending to $7.3 trillion next fiscal year and raise taxes on wealthy people and large corporations, in an attempt to cut the deficit while also lowering the costs of prescription drugs, child care and housing. It’s a policy vision that isn’t expected to gain momentum in Congress, but will be a cornerstone of Biden’s re-election campaign. See the Story
Biden Budget Seeks More Aid for Families, Higher Taxes on Wealthy Households, Corporations
40% Center coverage: 125 sources
Wildfires · United StatesThe Securities and Exchange Commission voted 3-2 to approve a climate reporting plan that sets a higher bar than a two-year-old draft. The plan also requires companies to tally significant costs associated with transitioning to greener product lines and energy sources. The accounting disclosures are part of the commission's landmark expansion of corporate reporting.See the Story
SEC Unveils Higher Threshold for Reporting on Climate Costs (2)
Jeremy Hunt · United KingdomFrom April 2025, new arrivals to the UK not required to pay any tax on foreign income and gains for their first four years. Two-year period of individuals being encouraged to bring wealth earned overseas to UK. Will attract onshore an estimated additional �15 billion of foreignincome and gains.See the Story