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Taxes & Budget

Coverage of the national budget and your taxes.

President Barack Obama's new $4 trillion budget plan is distributed by Senate Budget Committee staffer Eric Chalmers as it arrives on Capitol Hill in Washington, early Monday, Feb. 02, 2015. The fiscal blueprint for the budget year that begins Oct. 1, seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times. Republicans, who now hold the power in Congress, are accusing the president of seeking to revert to tax-and-spend policies that will harm the economy while failing to do anything about soaring spending on government benefit programs. (AP Photo/J. Scott Applewhite)

Feds set tax haul record: $472B in one month

By Stephen Dinan - The Washington Times

The federal government set a record tax haul in April, taking in nearly a half-trillion dollars in one month alone, according to Congressional Budget Office statistics released Thursday. Published May 7, 2015

Recent Stories

The Internal Revenue Service headquarters building is seen in Washington on April 13, 2014. (Associated Press) **FILE**

IRS wasted $5.6B on bogus Obama stimulus tax credits, audit finds

- The Washington Times

The IRS doled out more than $5 billion in potentially bogus college aid payments in 2012 under an Obama stimulus tax credit, according to a report Tuesday from the agency's inspector general that said the administration still doesn't have a good handle on how to root out erroneous claims.

Scott Veley of Kensington, Conn., holds a Gadsden flag during a tea party protest at the Capitol in Hartford, Conn., on April 15, 2010. (Associated Press) ** FILE **

IRS still targeting tea party: Nine groups awaiting agency approval

- The Washington Times

Nine tea party groups were still awaiting IRS approval for nonprofit status nearly two years after the political targeting program was exposed, the inspector general said in a report Thursday that, despite hiccups, claimed the tax agency has generally done a good job of cleaning up its act.

NFL Commissioner Roger Goodell addresses the media at a news conference at the NFL Annual Meeting in Phoenix on March 25, 2015. (Associated Press) **FILE**

NFL to drop tax-free status after complaints

- The Washington Times

The National Football League said Tuesday it will give up its tax-exempt status, with Commissioner Roger Goodell saying complaints that the wealthy league was skimming millions of dollars from taxpayers had become a "distraction."

In a speech this week, IRS Commissioner John Koskinen insisted his agency has turned the corner on problems with employee behavior in recent years. (Associated Press)

Ex-IRS ethics office lawyer disbarred for ... ethics violations

- The Washington Times

A lawyer who worked in the IRS ethics office was disbarred Thursday by the District of Columbia Court of Appeals, which concluded she misappropriated a client's funds from a case she handled in private practice, broke a number of ethics rules and showed "reckless disregard for the truth" in misleading a disbarment panel looking into the matter.

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.