Budget Battles
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Johnson Rejects a Plan to Save His Speakership
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Johnson Defies Hardliners, Pushes Ahead With Foreign Aid Plan
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Facing Right-Wing Revolt, Johnson Says He Won't Resign
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Johnson Unveils Plan for Israel, Ukraine Aid
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Trump Throws Johnson a Lifeline: ‘He’s Doing a Very Good Job’
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Biden’s New Student Debt Relief Plan Would Cost $84 Billion: Analysis
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House Conservatives Deal a New Blow to Johnson
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Supply-Siders Pitch Trump on a Flat Tax
By Michael RaineyA group of conservative advisers long associated with Republican economic policies are reportedly encouraging former President Donald Trump to embrace the idea of a flat income tax. Bloomberg’s...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Pelosi Tries to Muscle Through a Vote on Biden’s Agenda
As Democrats look to advance President Joe Biden’s stalled economic agenda in the wake of electoral embarrassments this week, House Speaker Nancy Pelosi (D-CA) is pressing for a vote on the party’s...
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Pelosi Says Build Back Better ‘Fully Paid For and Reduces the Deficit’ but Critics Decry Gimmicks
By Michael RaineyA congressional analysis of the Build Back Better bill finds that the tax increases contained within it would raise about $1.5 trillion over a decade, bolstering Democrats’ claim that a major...
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Dems Put Paid Leave Back in Their Plan — and a Big Tax Break for the Rich
By Yuval Rosenberg and Michael RaineyThe reckoning has begun. After suffering an Election Day drubbing on Tuesday — most notably with a loss in the bellwether Virginia gubernatorial race and a closer-than-expected gubernatorial contest...
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Democrats’ Tax Plan Focuses on Corporations and the Wealthy
By Michael RaineyThe framework released Thursday for President Joe Biden’s Build Back Better plan contains nearly $2 trillion in tax increases, most of them targeting businesses and high-income households. Alan...
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What’s In and What’s Out in Biden’s New Build Back Better Framework
The White House’s latest Build Back Better framework would increase spending and reduce taxes by $1.85 trillion over 10 years, including $1.75 trillion for social and climate programs and $100...