Hunting for Money, Democrats Rush to Rewrite Tax Code
The New York Times
Lawmakers are racing to finalize legislation to pay for new spending initiatives. The process usually takes months, but they are trying to do it in days.
WASHINGTON — As they hunt for revenue to pay for their sprawling spending bill and try to unite a fractured caucus, Democrats are attempting to rewrite the United States tax code in a matter of days, proposing the kind of sweeping changes to how America taxes businesses and individuals that would normally take months or years to enact.
The effort has effectively discarded trillions of dollars of carefully crafted tax increases that President Biden proposed on the campaign trail and that top Democrats have rolled out in Congress. Instead, lawmakers are throwing a slew of new proposals into the mix, including a tax on billionaires, hoping that they can pass muster both legally and within their own party.
The frantic attempt to overhaul the complex U.S. tax code remained in a state of flux on Wednesday, with Senator Joe Manchin III and some House Democrats expressing reservations about a tax on billionaires that was proposed earlier in the day by Senator Ron Wyden of Oregon. On Tuesday, Mr. Manchin shot down a plan that would have given the Internal Revenue Service more visibility into certain taxpayers’ bank accounts in order to catch tax cheats, forcing a group of Senate Democrats who support the provision to try to negotiate a compromise.
In scores of interviews throughout 2024, Latino, Black and Asian American voters, many of whom voted for Donald Trump, said they no longer trusted Democrats to improve the economy.
The Constitution sets a two-term limit for presidents. Still, Donald J. Trump has repeatedly floated the idea that he might like to stay in the White House beyond his next term.
In other testimony, law enforcement witnesses placed the suspect, José Ibarra, at the scene of Ms. Riley’s killing, mainly through cellphone and GPS tracking data.
The warning, which extends beyond the city to include 10 other counties in New York state, was announced as wildfires burned and residents continued to await meaningful rainfall.
A new curriculum would focus on Christianity more than other religions. A kindergarten lesson on the Golden Rule, for example, would teach about Jesus and his Sermon on the Mount.
A suspect was arrested Monday morning in connection with the stabbings, which occurred across a broad swath of the borough over several hours and left a third person critically injured.
The 99-year-old house on Boston’s North Shore is battered and uninhabited. And yet, it is beloved by artists and locals — so much that they helped pause its demolition.
Slashing the original $15 toll raises questions about whether a smaller revenue stream could delay projects or lead to higher costs for New York’s public transit agency.
The group’s actions in Columbus on Saturday, part of a recent pattern of white supremacist incidents in the country, were condemned by officials around the state.
As a Senate recount plays out, at least four counties are ignoring an order from the State Supreme Court that undated or misdated mail ballots cannot be counted.
The voluntary evacuation plan was put in place in areas affected by the Jennings Creek wildfire. Officials encouraged residents of 165 homes to move out temporarily.