Budget Battles
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Trump Promises Best Stimulus Package Ever — After the Election
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White House: 'We're Not Going to Control the Pandemic'
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Pelosi, Mnuchin Point Fingers as Stimulus Talks Stall
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GOP Worries Mnuchin Is Giving Away Too Much
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Pelosi Says Help Is On the Way, but When?
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McConnell Warns Trump Against Pre-Election Stimulus Deal
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Pelosi Sets Deadline for Stimulus Deal
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No Pre-Election Details on Trump’s Promised Tax Cuts
By Michael RaineyAdd President Trump’s second term tax plan to the long list of items that he will release at some point in the future. White House economic adviser Larry Kudlow said Monday that while administration...
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A Bad Time for Biden’s Tax Hikes? Why Joe Says No
When he’s not slinging dubious accusations of corruption, attacking Joe Biden’s son, Hunter, or propagating conspiracy theories, President Trump has frequently been hitting the former vice president...
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Biden Tax Plan Would Raise $2.4 Trillion Over a Decade: TPC
By Michael RaineyUpdating its analysis of Joe Biden’s tax proposals, the centrist Tax Policy Center said Thursday that the former vice president’s plans would generate about $2.4 trillion over 10 years. The new...
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Tax Rates Crushing Some Low-Wage Workers: Fed Study
By Michael RaineyLow-wage workers face shockingly high marginal tax rates as they earn more once the loss of government benefits are taken into account, according to researchers at the Federal Reserve Bank of Atlanta...
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Biden’s Tax Plan Would Raise Trillions, With Little Effect on Growth: AEI
By Michael RaineyA newly updated analysis from the conservative American Enterprise Institute finds that Joe Biden’s tax plan would raise roughly $2.8 trillion over 10 years, while reducing economic growth by a...
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Trump Teases Another Massive Tax Cut
President Trump just left the Walter Reed Medical Center to return to the White House — a decision that’s astonishing outside experts and raising additional questions about his condition, his care...
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Trump’s Tax Cuts Didn’t Boost Job Numbers
By Michael RaineyThe job market was remarkably strong before the coronavirus pandemic hit earlier this year, with the unemployment rate falling to a 50-year low. Even so, President Trump’s promise to be the “greatest...
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Trump’s $750 Tax Bill
By Michael RaineyThe analysis released Sunday evening by The New York Times of President Trump’s tax filings stretching back over more than two decades has caused quite a stir as we enter the final weeks of the...
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Economy Would Do Better Under Biden Than Trump: Moody’s
By Michael RaineyThe economy is widely seen to be a relative strength for President Trump, with voters giving him much higher approval ratings for his handling of economic issues than other areas. But a new analysis...
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Massive Corporate Tax Holiday Could Cause Headaches Next Year
By Michael RaineyWorried about getting stuck with unpaid tax bills in 2021, private employers have largely passed on President Trump’s voluntary program that allows companies to defer the Social Security portion of...
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Millionaires Say: Tax Us More to Pay for Pandemic
By Michael RaineyDozens of wealthy individuals calling themselves Millionaires for Humanity are asking the Trump administration and other Western governments to raise taxes on the rich in order to fund recovery...
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IRS Budget Boost Would More Than Pay for Itself, CBO Says
Boosting the Internal Revenue Service’s budget for audits and collections would pay for itself as much as three times over, the Congressional Budget Office estimated in a report released Wednesday...
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The Decline of the IRS
By The Fiscal Times StaffProPublica has been documenting what it calls “the descent of the IRS” over the last decade as the agency struggles with budget cuts and hostility from lawmakers. In a report Thursday, the...
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Tax Day Won’t Be Postponed Again, Treasury and IRS Say
The Treasury Department and Internal Revenue Service announced late Monday that the July 15 tax-filing deadline, pushed back from April 15 due to the coronavirus pandemic, will not be postponed again...
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Millions of Taxpayers Face ‘Extreme Delays’ in Getting Refunds: IRS Watchdog
The novel coronavirus pandemic has resulted in some serious backlogs at the Internal Revenue Service, the National Taxpayer Advocate writes in a new report to Congress. Noting that the IRS has done a...