Budget Battles
-
Johnson Defies Hardliners, Pushes Ahead With Foreign Aid Plan
-
Facing Right-Wing Revolt, Johnson Says He Won't Resign
-
Johnson Unveils Plan for Israel, Ukraine Aid
-
Trump Throws Johnson a Lifeline: ‘He’s Doing a Very Good Job’
-
Biden’s New Student Debt Relief Plan Would Cost $84 Billion: Analysis
-
House Conservatives Deal a New Blow to Johnson
-
Marjorie Taylor Greene Fires Another Warning Shot at Johnson
-
Former Biden Administration Economists Launch New Budget Lab
A huge tax fight is looming as a slew of 2017 Republican tax cuts are scheduled to expire at the end of 2025 — and, as Natasha Sarin writes at The Washington Post , the government’s budgetary...
-
Trump Promises Billionaires: I'll Keep Your Taxes Low
Former President Donald Trump reportedly told wealthy donors to his 2024 campaign that he’ll keep their taxes low and extend his 2017 tax cuts, many of which are set to expire after 2025. Trump’s...
-
Free IRS Filing Program Draws Few Users
By Michael RaineyThe IRS announced last week that upwards of 19 million people in 12 states are eligible to file their taxes for free using Direct File, a new program the tax agency is testing this year. But...
-
19 Million Taxpayers Eligible for Free IRS Filing Program
By Michael RaineyThe IRS is testing a new online system that offers free filing directly through the tax agency, and over the weekend, Commissioner Danny Werfel said that millions of people are eligible to use it...
-
Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
By Michael RaineyPresident Joe Biden has proposed a number of tax hikes on wealthy households and corporations, and it looks like some of his proposals — including a 25% minimum tax on billionaires — could win...
-
Biden Has Cut Taxes Overall: Analysis
By Michael RaineyPresident Biden has called for raising taxes on corporations and the wealthy, but according to a new analysis by the Urban-Brookings Tax Policy Center, he has been a net tax cutter so far. In an...
-
IRS Commissioner Calls for Thousands of More Employees
By Michael RaineyIRS Commissioner Danny Werfel said Monday that the tax agency needs to increase its overall employment level by about 10,000 employees to be fully effective. “We're at 90,000 now,” he told students...
-
Biden Proposes a $7.3 Trillion Budget for 2025
President Biden on Monday proposed a $7.3 trillion budget for fiscal year 2025 that seeks to lower the costs of prescription drugs, child care and housing while also cutting the deficit by $3...
-
Biden’s SOTU Pitch: Tax the Rich and Businesses
By Michael RaineyPresident Joe Biden will deliver his State of the Union address to Congress this evening, and some political analysts are calling it the most important moment in his decades-long political career...
-
Trump-Era Corporate Tax Cuts Boosted Investment, but Did Not Pay for Themselves: Analysis
By Michael RaineyThe corporate tax cuts included in the 2017 Tax Cuts and Jobs Act helped boost business investment while delivering a small increase in worker pay, according to a new analysis published by the Bureau...
-
IRS ‘Vastly Improved’ in 2023 Filing Season, Taxpayer Advocate Says
The IRS vastly improved its performance and delivered a dramatically better experience for taxpayers this past filing season, according to a new report to Congress. “What a difference a year makes!”...
-
Conservatives’ Budget Plan Slashes Spending, Takes Aim at ‘Woke’ Policies
By Michael RaineyThe House Republican Study Committee released a 2024 budget plan Wednesday that would slash federal spending by $16.3 trillion and cut taxes by $5.1 trillion over a decade, while balancing the budget...
-
IRS Audits of the Rich Deliver Huge Bang for the Buck: New Study
Republicans have been clamoring to rescind billions of dollars in additional funding provided for the Internal Revenue Service as part of last year’s Inflation Reduction Act. They succeeded to an...
-
GOP Tax Plan Could Cost $1.1 Trillion Over 10 Years: Analysis
By Serena T. Cody, The Fiscal TimesThe House Ways and Means Committee is taking up a new package of tax cuts called the American Families and Jobs Act, which has yet to receive a score from the Congressional Budget Office. According...
-
House Republicans Unveil Plan for New Tax Cuts
By Michael RaineyFresh off their battle to cut federal spending in exchange for agreeing to raise the debt ceiling, House Republicans on Friday released plans for a new package of tax cuts that would likely reduce...