Budget Battles
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Greene Backs Off Johnson Threat, but Issues Four Demands
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Social Security, Medicare Get Boost From Strong Economy
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Biden and Trump Joust Over Jobs Report
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IRS Unveils Plan to Crack Down on the Rich
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Marjorie Taylor Greene Says She’ll Force Vote to Oust Johnson
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Democrats Say They’re Ready to Rescue Mike Johnson
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‘A Good Day for America’: Biden Signs $95 Billion Foreign Aid Bill
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IRS Unveils Plan to Crack Down on Wealthy Taxpayers
By Michael RaineyThe IRS wants to increase its audit rate for taxpayers earning more than $10 million by about 50%, according to an updated operating plan released Thursday. Relying on additional funding provided by...
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Marjorie Taylor Greene Says She’ll Force Vote to Oust Johnson
Republican Rep. Marjorie Taylor Greene announced Wednesday that she will force a vote next week on her motion to oust Speaker Mike Johnson, even as her odds of succeeding appear to be nil. Republican...
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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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130 Countries Back Global Tax in Big Win for Biden Administration
By Michael RaineyA group of 130 nations has agreed on the broad outlines of a global minimum tax on corporations, a major milestone in the Biden administration’s effort to overhaul the tax system and generate more...
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Where’s Your Refund? IRS Backlog Grows to 35 Million Tax Returns
The Internal Revenue Service ended this year’s tax filing season with a backlog of more than 35 million unprocessed returns, a four-fold increase over 2019, National Taxpayer Advocate Erin Collins...
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IRS Warns on ‘Dirty Dozen’ Tax Scams
By Michael RaineyThe IRS has released its annual rundown on tax scams to look out for, and this year’s “Dirty Dozen” list includes schemes related to the massive government effort to provide Americans with financial...
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IRS Adding Thousands of Auditors as It Prepares to Ramp Up Enforcement
The Internal Revenue Service is already staffing up, hiring thousands of new auditors in preparation for a tax-enforcement push that’s a key financing element of President Biden’s infrastructure plan...
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Yellen Tells Lawmakers Now Is the Time for ‘Ambitious Fiscal Policy’
Treasury Secretary Janet Yellen on Wednesday defended President Joe Biden’s proposed $6 trillion budget for 2022, telling lawmakers on the Senate Finance Committee that now is the time to embrace an...