Taxes
  • Taxes

Budget Battles

  • Free IRS Filing Program Draws Few Users

    By Michael Rainey

    The 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 Rainey

    The 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 Rainey

    President 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...

  • U.S. President Joe Biden visits New Mexico

    Biden Has Cut Taxes Overall: Analysis

    By Michael Rainey

    President 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...

  • Daniel Werfel Testifies Before US House Ways And Means Committee

    IRS Commissioner Calls for Thousands of More Employees

    By Michael Rainey

    IRS 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...

  • IRS Recovers $520 Million in Unpaid Taxes From Millionaires

    By Michael Rainey

    A crackdown on cheating by high-income households and complex businesses is paying off, the IRS said Friday as it announced that it has now recovered more than $520 million from 1,600 millionaires...

  • Taxpayer Advocate Says IRS Improvements Still Not Good Enough

    By Michael Rainey

    The IRS has made enormous strides in recovering from pandemic-era challenges, says Erin M. Collins, the national taxpayer advocate. But her new annual report makes it clear that the IRS still has a...

  • During WWII, the DOD provided funding to firms like Fairchild Semiconductor and Texas Instruments to <a href="http://money.cnn.com/galleries/2011/technology/1110/gallery.government_inventions/2.html" target="_blank">build a tiny device</a> that could help

    First CHIPS Act Grant Goes to Major Defense Contractor

    By Michael Rainey

    The Biden administration announced Monday that the first federal grant intended to boost U.S. semiconductor manufacturing is going to an American subsidy of BAE Systems, a multi-billion-dollar...

  • Is the Tax System Broken?

    By Michael Rainey

    Historically, tax revenues have increased significantly during economic booms as unemployment falls and then declined during slowdowns as unemployment rises, but according to Bobby Kogan, senior...

  • Oct 18, 2023; Washington, DC, USA; Rep. Jim Jordan, R-Ohio is seen on the House floor as lawmakers hold a second vote to elect a

    Jordan Loses Second Speaker Vote, Says He'll Keep Going

    By Yuval Rosenberg

    Jim Jordan suffered a second defeat Wednesday in his bid to win the speaker’s gavel — a campaign that now appears doomed to fail even as the firebrand Ohio Republican insists he wants to keep going...