David Sherfinski

Biden tax plans hurting swing district House Dems: Polls

President Biden's infrastructure and tax proposals are already denting several vulnerable House Democrats, according to polling released Tuesday that portends a tough fight for the party to retain control of the chamber after the 2022 midterm elections.

May 18, 2021

Joe Biden backs ‘ceasefire’ in Benjamin Netanyahu call

President Biden on Monday expressed support for a "ceasefire" in a phone call with Israeli Prime Minister Benjamin Netanyahu amid escalating fighting between Hamas and Israel.

May 17, 2021

Joe Biden, Kamala Harris 2020 tax returns released by White House

President Biden and first lady Jill Biden reported an adjusted income of just over $600,000 in 2020 and paid $157,414 in federal income tax for an effective rate of 25.9%, according to returns the White House released Monday.

May 17, 2021

Israeli strike kills Palestinian commander as cease-fire calls mount

Fresh Israeli strikes on Gaza on Monday killed a top military official of Palestinian Islamic Jihad, which the State Department considers an Iranian-backed terrorist group blamed for some of the thousands of rockets launched at Israeli in recent days.

May 17, 2021

Top Democrats pile on campaign to make child tax break that was expanded now permanent

Top congressional Democrats on Monday pressed their campaign to make permanent the COVID-19 boost to the child tax credit, advancing another front in the party's quest to expand the welfare state as they essentially dared Republicans to try to roll back the new benefits.

May 17, 2021

The Unsilenced Majority: Conservatives set up shop to fight cancel culture, corporate ‘wokeism’

A handful of heavyweights in the conservative movement on Monday launched an advocacy group designed to push back against what the organization describes as a rising tide of "cancel culture" and "corporate wokeism."

May 17, 2021

Biden reverses Trump orders, including several tied to monument defacement

President Biden on Friday issued an executive order that revokes a handful of orders from former President Trump, including several tied to the defacement and vandalism of public monuments amid last year's racial justice protests.

May 14, 2021

National Association of Manufacturers’ Jay Timmons warns against return to ‘archaic’ tax policies

Jay Timmons, president and CEO of the National Association of Manufacturers, used his annual address on the state of the industry to warn against returning to "archaic" tax policies and enacting pro-union legislation championed by Democrats.

May 14, 2021

Narrowing the ‘tax gap’ rises to forefront amid impasse over infrastructure pay-fors

The "tax gap," or the difference between taxes owed and taxes paid, is emerging as one of the few conceivable ways to finance a big chunk of President Biden's infrastructure priorities if both sides dig in on their "red lines" on taxes.

May 13, 2021

Biden says COVID-19 shots to begin Thursday for children 12 and older: ‘One more giant step’

President Biden said U.S. adolescents will begin receiving COVID-19 shots on Thursday, after a federal advisory panel had endorsed the Pfizer-BioNTech vaccine for ages 12 to 15.

May 12, 2021

Joe Biden IRS audit proposal raises accountability, privacy issues

President Biden's push to enlist a beefed-up IRS to wring additional money out of large corporations and wealthier taxpayers is being greeted with skepticism from the banking industry and stoking fears that tax collectors will mishandle law-abiding Americans' deposit and withdrawal information.

May 6, 2021

Biden frames spending push as ‘choice’ between benefiting wealthy versus working families

President Biden on Thursday framed his push for a $4 trillion economic agenda and higher taxes on corporations and wealthier Americans as a "choice" between who in the country should benefit.

May 6, 2021

Most Americans think their taxes will increase over the next year: Gallup poll

Most Americans believe their taxes will increase over the next 12 months, according to Gallup polling released on Thursday.

May 6, 2021

Biden administration backs IP waiver for COVID-19 vaccines

The Biden administration on Wednesday threw its support behind waiving intellectual property protections for COVID-19 vaccines.

May 5, 2021

Biden: I’m not willing to deficit spend on new economic priorities

President Biden on Wednesday issued a forceful defense of his plans to increase taxes on corporations and the wealthy in order to fund his $4 trillion-plus economic agenda, saying he's open to compromise on corporate taxes but that he's not going to add to a sea of red ink.

May 5, 2021

Biden: Republicans are in the midst of a ‘mini-revolution’

President Biden said Wednesday that Republicans are in the midst of a "mini-revolution" as party leaders move to oust Rep. Liz Cheney of Wyoming from her House leadership post over her persistent criticisms of former President Trump.

May 5, 2021

Biden’s ‘families’ plan costs $700B more than WH estimate: Model

President Biden's $1.8 trillion families plan actually costs $2.5 trillion and would shrink the economy in the long run because of escalating debt, according to projections released Wednesday by an influential budget model out of the University of Pennsylvania.

May 5, 2021

Unemployment benefits undercut businesses as Democrats’ ‘automatic stabilizers’ keep people at home

President Biden's push to extend supercharged unemployment benefits based on the jobless rate or other economic indicators is frustrating small business owners who are struggling to lure employees back to the workforce.

May 4, 2021

White House defends Janet Yellen after talk of higher interest rates

The White House on Tuesday defended Treasury Secretary Janet Yellen after she said interest rates might eventually have to rise to keep the U.S. economy from overheating amid a massive infusion of federal spending.

May 4, 2021

Janet Yellen: We need to make sure deficits stay ‘small and manageable’

Treasury Secretary Janet Yellen said that it is important for the U.S. to get its fiscal house in order, as President Biden pushes an additional $4 trillion in spending on infrastructure and social programs.

May 4, 2021