During the pandemic, Democrats changed the child tax credit and cut childhood poverty in half. Now there's new hope for making those changes permanent, but there are skeptics.
While Ticketmaster and SeatGeek have agreed to institute more transparency when it comes to ticket sales, some anti-monopoly advocates think the answer is “breaking up” these companies altogether.
From the cost of medication to education to everyday expenses, the Biden administration has passed several laws and implemented many federal rules taking on giant corporations, but big businesses are fighting tooth and nail to protect their profits.
The IRS’ Direct File program was rolled out on a limited basis in 12 states this past tax-filing season and saved 140,000 taxpayers who used it an estimated $5.6 million in filing costs. Now, the agency is looking to expand it nationwide.
Senate Democrats joined their House counterparts in calling for an industry-wide investigation into Big Oil collusion and price-fixing allegations, which they say cost US consumers at the pump while driving up corporate profits.
The lawsuit is backed by attorneys general for 29 states plus Washington, D.C., and alleges that Live Nation leveraged its power as a venue owner, concert promoter, and ticket seller in order to lessen consumer choice, raise prices, and eliminate its rivals.
Analysis of corporate profits and accusations of collusion by the FTC lend support to the idea that a broader oil industry conspiracy drove up post-Covid inflation for everyday Americans.
Using an infusion of funds provided by President Biden’s Inflation Reduction Act, the IRS has already collected more than $520 million from 1,600 millionaires who had unpaid tax bills of more than $250,000.
