Maryland and the entire United States taxpaying public need to rethink their future personal budgets if President Joe Biden allows the Tax Cuts and Jobs Act of 2017 to expire next year as he has promised. What this means is an estimated reduction in spendable income for the average Maryland taxpayer of $2,026.

Since tax obligations can significantly impact your financial situation, it’s worth getting up to speed on how the tax codes might change.

A top aide to President Joe Biden on Friday cast a battle over expiring tax cuts as a fight for fairness, saying corporations and top earners should contribute more.

Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.

Trillions of dollars will be on the bargaining table in 2024. More than 100 progressive groups say it’s a window of opportunity.

Day 20 of the Trump election interference trial saw the defense rest without calling the former president to testify. Closing arguments are scheduled for next week. Here’s what else is happening. 100+ Unions and Public Interest Groups Call for Major Tax Reform A coalition of more than 100 unions,

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story  Labor unions have had enough of Trump’s tax cuts Top U.S. labor