Budget Battles
-
Harris Says Trump’s Violent Language ‘Must Be Disqualifying’
-
Key Inflation Measure Falls to Lowest Level Since Early 2021
-
Speaker Johnson Promises ‘Massive Reform’ of Healthcare if Trump Wins
-
Harris’s Closing Argument: Let's Turn the Page on Trump
-
At Incendiary NYC Rally, Trump Floats Another Tax Break
-
Bad News for Harris as the Polls Tighten Up
-
Trump’s Impossible Tax Cut
-
Chart of the Day: About That IRS Money
By Michael RaineyThe Inflation Reduction Act of 2022 provided roughly $80 billion for the IRS over 10 years for the purpose of modernizing operations and boosting staff, with the ultimate goal of collecting more...
-
At Incendiary NYC Rally, Trump Floats Another Tax Break
Former President Donald Trump’s Madison Square Garden MAGA rally Sunday touched off a firestorm of controversy and condemnation because of a series of crude, racist and misogynistic remarks by some...
-
Trump’s Impossible Tax Cut
The New York Times today devotes a little over 1,100 words by reporter Andrew Duehren to examining a policy idea floated vaguely by former President Donald Trump: eliminating federal income taxes and...
-
23 Nobel Laureates Call Harris’s Economic Plan ‘Vastly Superior’ to Trump’s
By Michael RaineyA group of Nobel Prize-winning economists released a letter Wednesday in which they expressed support for the policies proposed by Vice President Kamala Harris while warning that the policies of her...
-
IRS Releases New Tax Brackets for 2025
By Michael RaineyThe IRS announced Tuesday that the standard deduction would increase by $800 for the 2025 tax year, rising to $30,000 for couples filing jointly. Single filers will see a $400 bump, to $15,000. The...
-
Trump Says Congress Should Reconvene to Deliver More Disaster Relief
We’re down to the final two weeks of the presidential campaign and what was already one of the closest, most tumultuous races in U.S. history is getting even wilder. Former President Donald Trump on...
-
Trump Says He’d Consider Eliminating Taxes on Cops, Military, Vets
By Michael RaineyContinuing in his quest to find taxes to eliminate for specific voting groups, former President Donald Trump said Friday that he would consider eliminating federal income taxes for first responders,...
-
The Tax Gap Totaled Nearly $700 Billion in 2022, IRS Says
The Internal Revenue Service said Thursday that the tax gap — the difference between taxes owed and paid — was $696 billion as of 2022, the latest year analyzed. The agency projects that the total...
-
Trump Rejects Tariff Criticism as Economists Warn About His Plans
Former President Donald Trump sparred with the editor-in-chief of Bloomberg News Tuesday during an interview focused largely on economic policy and tariffs. In an interview at the Economic Club of...
-
Trump Pitches Two New Tax Breaks
In an address to the Detroit Economic Club on Thursday, former President Donald Trump floated some new tax breaks, criticized the federal response to Hurricane Helene and said that the Federal...
-
Chart of the Day: Who Would Benefit From Trump’s Tax and Tariff Plans
Former President Donald Trump’s proposed tax changes would skew heavily toward the wealthy, according to a new analysis by the left-leaning Institute on Taxation and Economic Policy (ITEP). Trump has...
-
Trump Would Increase Deficits by $7.5 Trillion, Harris About Half That
By Michael RaineyTax and spending proposals from both presidential candidates would increase budget deficits in the coming years by trillions of dollars, according to a new analysis from the Committee for a...
-
Speaker Johnson Outlines 5-Point Republican Agenda for 2025
House Speaker Mike Johnson pitched Wall Street today on Republicans’ agenda of tax cuts and deregulation, promising to deliver an economic boost while also pursuing “fiscal responsibility” if former...
-
Harris Tries to Flip Trump’s Biggest Advantages
Former President Donald Trump met with Ukrainian President Volodymyr Zelensky this morning before heading to Walker, Michigan, for a campaign event, where he criticized Vice President Kamala Harris...
-
Harris Slams Trump’s Economic Plans, Says She Will Grow the Middle Class
By Michael RaineyVice President Kamala Harris provided an overview of her economic plan Wednesday, expanding upon her vision of an “opportunity economy” built around a thriving middle class. In a speech at the...