Bookmarks (7) clear filters

A tax on the net worth of America’s wealthiest individuals remains popular with voters, but has yet to be embraced by President Biden.

The top Senate Republican told colleagues that he had advised the White House against striking a pre-election deal with Democrats to deliver pandemic aid, fearing political repercussions.

Senate Republicans were infuriated after the Trump administration objected to provisions in a draft proposal, including allocating $25 billion to testing and contact tracing.

The Senate granted five additional weeks for the remaining money left in the program to be spent.

Republican senators threatened to block trillions of dollars in aid amid the coronavirus pandemic to deprive low-wage workers of needed help.

The plan would provide direct payments to taxpayers, jobless benefits and a $500 billion fund to assist distressed businesses, with oversight requirements demanded by Democrats.