Budget Battles
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‘A Large and Costly Mistake’: Unions Slam Trump Tax Cuts
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Senate Tees Up Another Doomed Vote on Border Bill
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The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big
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Supreme Court Slaps Down Challenge to Consumer Watchdog
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Inflation Eases in April, Lifting Hopes for a Soft Landing
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Biden Jacks Up Tariffs on $18 Billion in Chinese Imports
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Trump Promises New Tax Cuts for Everyone
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GOP Leaders Take on Far Right Pressure Groups
By Eric PianinThere have been plenty of theories about why Senate Minority Leader Mitch McConnell (R-KY) strode onstage at a conservative gathering late last week carrying a rifle. Ostensibly, McConnell, the 72-...
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Some CEOs Are Still Cashing In at Our Expense
By Josh Boak, The Fiscal TimesMany of the highest paid CEOs might be ripping off stockholders and taxpayers, according to a study released Wednesday by the progressive Institute for Policy Studies.
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Tax Reform Could Be Easier Than Congress Thinks
The conservative-leaning Tax Foundation issued a press release Monday touting some “good news for tax reformers”: An analysis by experts at the foundation found that a plan to dramatically simplify...
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‘The Daily Show’ Explains Why Our ‘Chicken$#!&’ Congress Hasn’t Reformed the Tax Code
Congress may be out on its month-long August recess, but that doesn’t mean “The Daily Show” stops its skewering. Last night, host John Oliver took on our broken tax code – and used the issue to take...
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How 21 Major Corporations Dodged $93B in Taxes
By Eric Pianin and Josh BoakTwenty-one of the top 100 publicly traded U.S. corporations – including such big names as Goldman Sachs, Apple and Walt Disney – have avoided paying $93 billion a year in federal taxes by parking...
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Obama’s Bargain: Lower Rates for Higher Spending
By Eric PianinPresident Obama intends to make one last pitch for a “grand bargain” of new spending and tax policy on Tuesday that will attempt to marry corporate tax reform with funding for jobs to benefit the...
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Ominous Signs for the GOP in 2014
By Bruce Bartlett, The Fiscal TimesThe conventional wisdom is that Republicans are in good shape going into next year’s congressional elections. Gerrymandering and the enormous benefits of incumbency virtually guarantee them continued...
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Trading Tax Write-Offs for Real Growth
By Andrew Fieldhouse, The Fiscal TimesOverhauling the tax code is a wonky fixation of the D.C. policymaking elite, for good reason — it’s an area loaded with policy nuance, lobbying intrigue and major ramifications for long-term fiscal...
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IRS Scandal: How the Brouhaha Went Bust
By Peter Weber, TheWeek.comRep. Darrell Issa is still banging the scandal drum. Is anyone listening anymore?
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Beer, Burgers, and a Two-Man Blitz on Tax Reform
By Josh Boak, The Fiscal TimesSen. Max Baucus (D-MT) and Rep. Dave Camp (R-MI) are keeping hope alive that the tax code can be rewritten. Both peg the odds of successful reform at more than 50 percent, according to a joint lunch...
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Corporate Lobbyists Are Phishing for Tax Reform
By Bruce Bartlett, The Fiscal TimesThere is a very well-financed campaign underway by several business organizations to lower the federal corporate tax rate. They sometimes use misleading arguments to make it seem as if corporations...
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Big U.S. Companies Pay 12.6 Percent Average Tax Rate
By Patrick Temple West, ReutersFor U.S. corporations the top federal income tax rate is 35 percent, but large, profitable companies on average paid only about a third of that in 2010, a report by the investigative arm of Congress...
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Are You Ready for These July 1 State Taxes?
By Elaine Povich Stateline, Pew Center on the StatesNot waiting for Congress to act on Internet sales taxes, some states are imposing a sales tax on online transactions starting July 1 by slapping levies on items like telephone ringtones, digital...
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Incompetence and Abuse Call for a Clean Sweep of the IRS
The big-government movement has taken a few body blows over the last couple of months, especially at the IRS . The agency has become the nexus of this ideology, thanks to its traditional role as...
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3 Dangerous Myths About 'Revenue-Neutral' Tax Reform
By Andrew Fieldhouse, The Fiscal TimesIn its drive to deliver tax reform this year, Congress seems intent on simply refashioning a new version of the Tax Reform Act of 1986. This would be a serious mistake. The basic approach of the 1986...