A Democratic plan to slap tax penalties on companies with too many low paid workers would drive larger firms to outsource more of their labor unless Senate Finance Chairman Ron Wyden can plug potential holes in his plan, economists warned.

Delaware has issued the certificates Wave Computing Inc. needed for its $61 million bankruptcy sale after the company agreed to pay franchise tax fees owed to the state.

State lawmakers passed legislation that would make immigrants living in Maryland eligible for a tax break for low-income workers.

A Colorado marijuana dispensary argued the U.S. Supreme Court should consider a challenge to an IRS summons over possibly improper business deductions because the case offers an opportunity to address the definition of constitutional income under the 16th Amendment.

The Week in Wayfair: Wisconsin moved forward with ending its sales tax on dried cranberries; Mississippi took up a major proposal to cut income taxes while raising sales taxes; Missouri moved closer to requiring tax collection by remote sales and marketplace facilitators; and Louisiana looks at a single sales-tax collection entity.

Democrats are racing to salvage a key progressive agenda item -- higher wages for low-paid workers -- but they are running out of time to attach it to their $1.9 trillion stimulus bill and pass the legislation by a March 14 deadline.

Senate Finance Committee Chairman Ron Wyden says he will seek a 5% penalty on big companies that fail to pay employees a certain amount, what he calls a “Plan B” after the Senate parliamentarian ruled minimum wage can’t be included in stimulus legislation.

The House is poised to pass President Joe Biden’s $1.9 trillion Covid-19 stimulus, but a ruling by late Thursday by a Senate official dealt a major blow to prospects that the final legislation will include a hike in the U.S. minimum wage to $15 per hour.

Many employees are approaching the one-year mark of working from home, with no set date to return to the office. For those who live in different states from where their employers are based, tax returns due this year and beyond may be particularly complicated.