“The budget proposes $5 trillion of spending and tax breaks and only pays for three-quarters of the cost, leaving nearly $1.4 trillion of higher debt,” Committee for a Responsible Federal Budget President Maya MacGuineas said in a statement. “Debt under the budget would hit new records al...
"The partisan bill President Biden signed into law today means higher taxes, higher energy bills, and aggressive IRS audits," said McConnell, referring to the Internal Revenue Service, which administers and enforces U.S. federal tax laws."You can't tax and spend your way out of an inflatio...
The clowns in Washington have a different perspective, however, and they approved the Biden-Harris plan to dramatically increase the IRS budget because that supposedly would generate hundreds of billions of dollars in additional tax revenue. Well, they definitely achieved the first part. If you go...
More noteworthy was Trump "woke up the dragon," prompting the Chinese government to spend $1.4 trillion over the next five years to become a world technology power and self-sufficient in advanced semiconductor chips. Trump's anti-China technology policies, on the other hand, put...
President Joe Biden is racing to spend money to green the economy, outcompete China and fix crumbling roadways in hopes voters reward him in November.
Congressional budget writers are trying to put the final framework together on President Trump's massive $4.5 trillion tax cut plan. But finding the additional spending cuts is proving difficult. Andres Gutierrez reports that service workers are worried Trump's touted no tax on tips plan could be...
President Joe Biden’s spending plans and budget deficits are reminiscent of what led to the inflation that followed President Lyndon Johnson’s Vietnam War and Great Society. It’s a tragic waste as President Biden and the nation were set to benefit from the major economic successes of the ...
Mr. Biden laid out his plan to pay for the multi-trillion investment represented by the American Jobs Plan and the American Families Plan, arguing that it was possible to fund the proposals without raising the deficit. The president promised that he would not impose any tax increases on Americ...
Trump Eyes Harvard’s Tax-Exempt Status There is still little evidence of a slowdown in the labor market. Tim SmartMay 2, 2025 177K Jobs Added in April The mineral deal signed by the U.S. and Ukraine ties the U.S. and Trump to Ukraine’s future – while providing very f...
I enacted tax credits that save$800 per person per yearreducing health care premiums for millions of working families. Those tax credits expire next year. I want to make those savings permanent! Women are more than half of our population but research on women’s health has always been underfu...