Skip to content

Taxes & Budget

Coverage of the national budget and your taxes.

President Barack Obama, speaks during the farewell tribute in honor of outgoing Defense Secretary Chuck Hagel, at Fort Myer-Henderson Hall in Fort Myer, Va., Wednesday, Jan. 28, 2015. (AP Photo/Manuel Balce Ceneta)

Obama's budget will call for end of sequestration, tax hikes

By Ben Wolfgang - The Washington Times

Kicking off the next big budget battle with a bang, President Obama on Thursday will propose rolling back the roughly $1 trillion in automatic sequestration cuts that began in 2013 and will call for a dramatic boost in domestic spending paid for in part with tax hikes. Published January 29, 2015

Recent Stories

Rep. Steve Israel, New York Democrat (Associated Press) **FILE**

Rep. Steve Israel dances around 'redistribution' in Democrats' tax plan

- The Washington Times

The House Democrats' message guru touted plans to push rhetoric about championing the middle class and malign Republicans for siding with wealthy elite, but avoided using the word "redistribution" to characterize the party's plan to increase taxes on the rich to pay for tax breaks and other benefits for the middle class.

President Barack Obama shares a humorous moment with a group of doctors from around the country in the Oval Office, Oct. 5, 2009, prior to a health insurance reform event at the White House. 
(Official White House Photo by Pete Souza)

Up to 30 million taxpayers to claim Obamacare exemption

- The Washington Times

Up to 30 million taxpayers will claim an exemption from Obamacare on their tax forms this year, the administration predicted Wednesday as officials tried to prepare the country and a skeptical Congress for the first wave of tax penalties under the Affordable Care Act.

Rep. Steve Israel of New York, who headed up House Democrats' campaign operation last year and now runs the Policy and Communications Committee, said Tuesday that his party had quickly regained its footing after taking a beating in the November elections. (Associated Press)

House Democrats, emboldened by GOP stumbles, rally around populist tax agenda

- The Washington Times

House Democrats are feeling emboldened as they head to their annual issues conference and a pep talk from President Obama in Philadelphia this week, relishing a series of stumbles by the Republican majorities in Congress and rallying around a populist tax-the-rich agenda that they are convinced will score points with voters.

President Barack Obama wipes his face with a cloth handed to him by White House Butler Von Everett in the Blue Room of the White House following an event with business leaders in the East Room, Jan. 28, 2009. (Official White House Photo by Pete Souza)

Obamacare penalty may come as shock at tax time

- The Washington Times

Those Americans who didn't get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting.

Recent Opinion Columns

In this Oct. 20, 2014, file photo, Maryland Republican gubernatorial candidate Larry Hogan answers questions during an interview with The Associated Press in Baltimore. Gov.-elect Hogan says he remains committed to pursuing tax relief in his first year as governor, despite a projected budget shortfall of more than a half a billion dollars. (AP Photo/Patrick Semansky, File)

A bad tax law puts the government in the preaching business

Flawed and cumbersome tax laws afflict taxpayers everywhere, but few are as irksome, as silly and as constitutionally dangerous as Maryland's "stormwater remediation fee," also known as "the rain tax," including whatever penumbras and emanations that followed. Gov.-elect Larry Hogan, a Republican, vowed during his campaign to free taxpayers from the overreaching state law that claims to protect the Chesapeake Bay and other waterways from polluted runoff, flooding and erosion. Together with others, he argues persuasively that it amounts to little more than a weather levy, with accompanying clouds.

Senate Minority leader Mitch McConnell of Kentucky. (AP Photo/Timothy D. Easley, File)

Lame-duck Congress may lay golden eggs for crony capitalists

The lame-duck Congress that will meet after the Nov. 4 election could lay a few golden eggs that will hatch into a new flock of crony capitalist ducklings. The gold would actually come from taxpayers. The politically well-connected are especially eager about an $18 billion giveaway to wind farms, a tax credit that benefits mostly millionaires and billionaires.

DUBAY: How to make a promising tax reform even better

Republican Sens. Mike Lee of Utah and Marco Rubio of Florida recently laid out their vision of tax reform. They are right to push for reform. Our burdensome tax code is one of the major obstacles holding the economy back from reaching its potential. In the process, it is denying countless American families the opportunities they deserve.