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Taxes & Budget

Coverage of the national budget and your taxes.

The most egregious examples of government waste, fraud or abuse from TWT staff. (Golden Hammer cropped logo)

Golden Hammer: Obama's grants to cut diesel emissions leave IG fuming, waste millions

By Drew Johnson - The Washington Times

A part of the $800 billion stimulus package that President Obama pushed through Congress in 2009 was aimed at reducing diesel emissions and helping the environment, but a big chunk of it may have gone up in smoke, according to a new internal audit. Published September 18, 2014

Recent Stories

Boehner

John Boehner eyes agenda if GOP captures Senate

- The Washington Times

House Speaker John A. Boehner on Thursday promised tax reform, an intense focus on boosting energy production and creating U.S. jobs, and even hinted at action on immigration, if the GOP wins control of both chambers of Congress in November's elections.

FILE - In this Nov. 23, 2011 file photo, an American flag flies from the U.S. Capitol in Washington. The federal government ran a lower budget deficit in August 2014 than a year ago, remaining on track to record the lowest deficit for the entire year since 2008. (AP Photo/Carolyn Kaster, File)

It's not for frugal: Half of the U.S. Senate gets an F in 'fiscal performance'

- The Washington Times

Alas, almost half of the U.S. Senate has earned an F grade in "fiscal performance" according to the National Taxpayers Union's 35th annual rating of Congress. Indeed, 45 senators received the rock bottom grade on the scorecard, which analyzes their responses to every single roll call vote affecting federal taxes, spending, debt and significant regulations.

If the GOP is to make greater inroads with Hispanic and female voters, New Mexico Gov. Susana Martinez, a former Democrat, is well-positioned to lead the charge. (Associated Press)

Governor criticizes challenger for tax increases

Associated Press

Republican Gov. Susana Martinez says state government's finances are on "solid ground" because of her fiscal policies and she's criticizing Democratic challenger Gary King for supporting tax increases two decades ago when he was a legislator.

The Hollywood sign is seen from near the top of Beachwood Canyon, adjacent to Griffith Park in the Hollywood Hills of Los Angeles, on Friday, Jan. 29, 2010. (AP Photo/Reed Saxon)

Governor signs bill raising Hollywood tax credits

- Associated Press

Gov. Jerry Brown has headed to the cradle of the Hollywood film industry to sign legislation that more than triples the state's annual tax credit to $330 million a year for films and TV shows produced in California.

Vice President Joe Biden gestures during a speech to mark the 40th anniversary of the Legal Services Corporation in Washington, on Tuesday, Sept. 16, 2014. (Associated Press) **FILE**

In Iowa, Biden preaches economic populism

- The Washington Times

Ahead of a possible 2016 White House bid, Vice President Joseph R. Biden visited Iowa on Wednesday and struck a passionate, populist note, blasting U.S. corporations and the wealthy who he argues are able to dodge taxes and reap greater profits at the expense of the middle class.

Recent Opinion Columns

ADVANCE FOR SATURDAY, AUG. 30, AND THEREAFTER - FILE - This Aug. 14, 2014, file photo shows New Jersey Gov. Chris Christie as he speaks during a town hall meeting in Ocean City, N.J.  One set of elections ends in early November as another begins when presidential hopefuls cross the unofficial starting line in the 2016 race for the White House. With control of the Senate at stake, the months leading up to the mid-term elections offer a clearer window on a crowd of potential presidential candidates already jockeying for position from Nevada to New Hampshire. (AP Photo/Mel Evans, File)

Killing the death tax

The estate tax, or "death tax," has been a historical grievance for many American families. Its roots go back to the short-lived stamp tax (1797-1802), and includes the 1862 Revenue Act and 1898 War Revenues Act.

FILE - This Jan. 11, 2013, file photo shows the Social Security Administration's main campus in Woodlawn, Md. A new congressional report says the Social Security Administration has been closing a record number of field offices, even as millions of baby boomers approach retirement. The agency blames budget constraints. As a result, seniors seeking information and help from the agency are facing increasingly long waits _ in person and on the phone. (AP Photo/Patrick Semansky, File)

GRESZLER: Federal disability fund needs reform, not a bailout

Money's tight for the federal disability insurance program. Unless Congress acts, the Disability Insurance Trust Fund will run out of money in 2016. At that point, nearly 11 million Americans would see their disability benefits cut by nearly 20 percent, leaving the average beneficiary below the poverty level.