Budget Battles
-
Trump Pushes Republicans to ‘Close It Down’ as Shutdown Looms
-
Kamala Harris Rolls Out More of Her Policy Agenda
-
A Disappointing Jobs Report Tees Up Fed Rate Cuts
-
Trump Backs Elon Musk’s Plan for ‘Drastic’ Government Reform
-
Trump’s Tax Proposals Would Cost a Staggering $10.5 Trillion
-
Harris Prepares New Tax Breaks for Small Businesses
-
Harris Faces Her Next Big Test
-
Harris Rolls Out More of Her Policy Agenda Ahead of Debate
By Michael RaineyVice President Kamala Harris outlined a policy platform on her campaign website this past weekend, filling in some of the details of how she proposes to address specific issues including taxes, the...
-
Harris Calls for 28% Capital Gains Tax, Breaking With Biden
By Michael RaineyAs she continues to fill in the details of her economic platform, Vice President Kamala Harris on Wednesday called for raising the capital gains tax to 28% for those earning more than $1 million a...
-
Trump’s Tax Proposals Would Cost a Staggering $10.5 Trillion: Analysis
Republican presidential nominee Donald Trump and his running mate, Sen. JD Vance, have promised or proposed a bevy of tax cuts and breaks as they campaign for the White House. Together, those plans...
-
Harris to Propose Tax Breaks for Small Business
By Michael RaineyVice President Kamala Harris is expected to unveil a new tax proposal on Wednesday that is intended to boost small-business startups, according to multiple reports Tuesday. In a speech in New...
-
Harris Launches Ad Blitz Hitting Trump Over Project 2025
Democrats and Vice President Kamala Harris’s campaign continue to hammer former President Donald Trump over Project 2025, the 922-page conservative agenda for the next Republican administration...
-
Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
By Michael RaineyAn array of tax and spending proposals put forth by former President Donald Trump would raise the federal budget deficit by more than $4 trillion over the next 10 years, according to an analysis by...
-
Borrowing From Trump, Harris Endorses Eliminating Taxes on Tips
By Michael RaineyAs she prepares to release her economic policy platform later this week, Vice President Kamala Harris is borrowing a page from her rival’s playbook, announcing at a campaign rally in Las Vegas on...
-
The Fiscal Records of Kamala Harris and Tim Walz
By Michael RaineyJust days into their run for office, Vice President Kamala Harris and Minnesota Gov. Tim Walz have not yet released any detailed policy proposals, but their track records give us a sense of the kinds...
-
Deficit Hits $1.5 Trillion in First 10 Months of Fiscal Year: CBO
By Michael RaineyThe federal budget deficit was $1.5 trillion in the first 10 months of the 2024 fiscal year, according to an initial estimate released by the Congressional Budget Office released Thursday. The...
-
Trump’s Social Security Tax Plan Would Cost $1.5 Trillion: Analysis
By Michael RaineyFormer President Donald Trump suggested this week that he wants to repeal the income tax on Social Security benefits. “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” he posted on his social media...
-
Senate Republicans Block Bipartisan Bill to Expand Child Tax Credit
By Michael RaineyA bipartisan bill that would expand the child tax credit and restore several business tax breaks was blocked by Senate Republicans Thursday. The procedural vote was 48 to 44, with the bill falling...
-
Bipartisan Pair of Senators Take Aim at Cost of Child Care
Sens. Tim Kaine of Virginia and Katie Britt of Alabama introduced a pair of bipartisan bills Wednesday intended to make child care more affordable by expanding tax credits and deductions while also...
-
IRS Collects Over $7 Billion Thanks to Whistleblowers
By Michael RaineyYou probably didn’t know that today is National Whistleblower Appreciation Day, but the IRS is celebrating those who raise red flags on cheaters and deceivers by highlighting the billions of dollars...
-
Harris Embraces Biden Pledge Not to Raise Taxes on Those Earning Less Than $400,000
By Michael RaineyIt looks like Vice President Kamala Harris is staying pretty close to President Joe Biden’s fiscal proposals as she seeks the White House, at least as far as income taxes go. On Friday, her campaign...
-
7 Proposals to Rein In the Debt
By Michael RaineyAlthough it may be hard to imagine now, at some point in the not-too-distant future the 2024 election will be over and a new government will take over in Washington. No matter who is in power, the...