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Taxes & Budget

Coverage of the national budget and your taxes.

House Speaker Paul Ryan of Wis., right, with House Majority Leader Kevin McCarthy of Calif., from left, and House Majority Whip Steve Scalise, R-La., speaks following a House Republican Conference meeting on Capitol Hill in Washington, Wednesday, July 11. (AP Photo/Manuel Balce Ceneta)

Paul Ryan 'confident' GOP holds House

By Stephen Dinan - The Washington Times

House Speaker Paul D. Ryan said Thursday the numbers have improved, and he now thinks Republicans will keep control of the House in this year's elections Published July 12, 2018

Recent Stories

President Donald Trump, center, takes his seat before speaking at an event to promote his tax cut package at Bucky Dent Park in Hialeah, Fla., Monday, April 16, 2018. Siting with Trump are Maximo Alvarez, left, CEO, Sunshine Distributor and Irina Vilarino, right, owner, Las Vegas Cuban Cuisine. (AP Photo/Pablo Martinez Monsivais)

Toasting the tax cut

We're used to hearing politicians oversell their accomplishments. But President Trump is absolutely right to brag about the Tax Cuts and Jobs Act.

Illustration on encouraging the growth of small businesses by Linas Garsys/The Washington Times

Nurturing a small business boon

Mike Zaffaroni calls the newest piece of equipment at his landscaping company in Jacksonville, Florida, his "Tax Cut Truck."

Protesters and media gather outside a closed gate at the Port of Entry facility, where tent shelters are being used to house separated family members, Thursday, June 21, 2018, in Fabens, Texas. President Donald Trump on Wednesday signed an order to stop the separations. Justice Department lawyers are working on a legal challenge to allow families to be detained longer than 20 days. (AP Photo/Matt York)

White House says DHS 'out of resources' to prosecute families

- The Washington Times

The administration poked holes in its own zero-tolerance immigration policy Monday after the man who oversees the Border Patrol said they are no longer prosecuting illegal immigrant parents and the White House said they are out of resources to hold them anyway.

Tax on Fat Soda Illustration by Greg Groesch/The Washington Times

Why soda taxes don't work

Time and again we hear politicians from different parts of the country profess the virtues of a soda tax. Their reasoning ranges from wanting to improve the public health, by cutting back consumption of unhealthy drinks, to talking about how much revenue it will bring in.

Sen. Ron Johnson, R-Wis., pauses for reporters on Capitol Hill in Washington, Friday, Dec. 1, 2017. (AP Photo/J. Scott Applewhite) ** FILE **

Medicaid fraud exploded after Obamacare expansion: GOP report

- The Washington Times

Medicaid fraud has risen and bogus payments have more than doubled since Obamacare expanded the government's chief health insurance program for the poor, topping $37 billion a year, according to a new report released Wednesday by the Senate's chief watchdog committee.

Senate Majority Leader Mitch McConnell, R-Ky., tells reporters he intends to cancel the traditional August recess and keep the Senate in session to deal with backlogged tasks, on Capitol Hill in Washington, Tuesday, June 5, 2018. (AP Photo/J. Scott Applewhite)

McConnell's masterstroke

Mitch McConnell, the Senate majority leader, is not the most charismatic, telegenic, or gripping figure to have graced the politics of the republic. His soft-spoken Southern manners tend more toward the soporific than the stimulating, and they sometimes lead his critics to underestimate him.

President Donald Trump speaks at a rally at the Nashville Municipal Auditorium, Tuesday, May 29, 2018, in Nashville, Tenn. (AP Photo/Andrew Harnik)

Sometimes saving money is scary

It's difficult to imagine that the U.S. Government has more money than it has figured out how to spend, but President Trump wants to give back $15.4 billion of such money and Congress is unhappy about it. This money is in appropriated, but unspent, funding from earlier years.

In this June 14, 2011, file photo, various prescription drugs on the automated pharmacy assembly line at Medco Health Solutions in Willingboro, N.J. Medicare recipients cut back on pricey brand-name drugs but they still had to spend more on such medications anyway, according to a government report that blames rising manufacturer prices for squeezing older people and taxpayers. (AP Photo/Matt Rourke, File)

Feds: Skimping can't save seniors from rising med cost

- Associated Press

Medicare recipients filled fewer prescriptions for pricey brand-name drugs - but spent more on such meds anyway, says a government report released Monday. It blames rising manufacturer prices for squeezing older people and taxpayers.

The Social Security Administration's main campus is seen in Woodlawn, Md., on  Jan. 11, 2013. (Associated Press) **FILE**

Social Security pays benefits to hundreds of dead people

- The Washington Times

Social Security just can't stop paying dead people. The massive public pensions system will pay millions this year to people it knows are dead -- in many cases, it even has death certificate numbers listed -- but officials can't seem to figure out how to stop outgoing benefit checks, according to a new inspector general's audit announced Wednesday.

Illustration on inefficiaent charities by Alexander Hunter/The Washington Times

Fixing the charitable deduction

You wouldn't want your surgeon to be someone who got a "D" in medical school. And you wouldn't trust your retirement account in the hands of someone who got a "D" in business school. By the same reasoning, the public should be paying attention to the latest rating guide from CharityWatch — and the "D" grade it issued to the Humane Society of the United States (HSUS).

Speaker of the House Paul Ryan, R-Wis., emerges from the chamber just after key conservatives in the rebellious House Freedom Caucus helped to kill passage of the farm bill which had been a priority for GOP leaders, at the Capitol in Washington, Friday, May 18, 2018. (AP Photo/J. Scott Applewhite) ** FILE **

House panel advances GOP welfare-reform bill

- The Washington Times

The House Ways and Means Committee approved Thursday a massive overhaul of the country's welfare system that would push more people on the public dole to look for work, hoping to wean them off benefits altogether.

Illustration on the effects of recent tax cuts by Alexander Hunter/The Washington Times

Why liberals hate the Trump tax cut

Despite liberal hysterics, Republicans' recent tax cut raised top earners' share of America's tax burden. This seemingly "squared circle" is simply due to a fact true before the legislation and even truer after: Middle- and upper-income earners shoulder the overwhelming tax load. Equally obvious: Even so large a share is not enough for an insatiable left.

Illustration on rising national debt by M.Ryder/Tribune Content Agency

'After us the flood'

In December, Congress adopted one of the most important tax reform laws in our nation's history. It is producing higher wages, better job opportunities and greater economic expansion than we've seen in a decade. According to the Congressional Budget Office, revenues for the first seven months of the fiscal year have increased because of economic growth. The tax cuts are indeed paying for themselves — and then some.

Highland Arts Elementary School kindergarten teacher Melissa Perez participates in a final walk-in Wednesday, April 25, 2018, in Mesa, Ariz. Communities and school districts are preparing for a historic statewide teacher walkout on Thursday that could keep hundreds of thousands of students out of school indefinitely. (AP Photo/Matt York)

Thousands of teachers in Arizona, Colorado to protest

- Associated Press

A wave of red-clad teachers will crash upon the Arizona state Capitol on Thursday for an unprecedented job action that will close schools for a majority of the state's public school students, part of an educator uprising that's also bubbled up in Colorado.

FBI Director Christopher Wray testifies during a House Judiciary hearing on Capitol Hill in Washington, Thursday, Dec. 7, 2017, on oversight of the Federal Bureau of Investigation. (AP Photo/Carolyn Kaster)

Claim: 71 percent of FBI's foreign counterintelligence budget diverted to Russia probe

- The Washington Times

Lt. Col. Tony Shaffer, a retired military intelligence officer and a Senior Fellow at the London Center for Policy Research says that over seventy percent of the FBI's current budget dedicated to foreign counterintelligence investigations have been diverted to support the probe's activities. Shaffer made the revelation on my radio program Monday afternoon on WMAL in Washington DC:

Recent Opinion Columns

Speaker of the House Paul Ryan, R-Wis., right, shakes hands after presenting a pen to House Ways and Means Committee Chairman Kevin Brady, R-Texas, left, as Senate Majority Leader Mitch McConnell, R-Ky., second from left, watches after signing the final version of the GOP tax bill during an enrollment ceremony at the Capitol in Washington, Thursday, Dec. 21, 2017. (AP Photo/Andrew Harnik)

A tax cut for America

Most of the gifts exchanged at this time of year are opened on Christmas Day. But this time around, a big one arrived a few days early: the Tax Cuts and Jobs Act.

Chart to accompany Moore article of June 19, 2017

Much fast growth right around the corner

Every day there are legions of new economists who dismiss the Donald Trump economic agenda and his forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy "can't possibly grow at 3 percent" says The Wall Street Journal. "Slow growth is the new norm, so get used to it," writes Rucir Sharma, Morgan Stanley, chief global strategist at Morgan Stanley in Foreign Affairs magazine this month.

Illustration on President Trump's approach to regulation by Alexander Hunter/The Washington Times

Pulling the administrative state off autopilot

This past weekend marked President Trump's 100th day in office. While tax cuts and health care reform have been discussed, neither has moved forward. With a potential fight over the debt limit looming, there is surely a lot that could be said about what Mr. Trump has and has not accomplished over the last few months. But there is at least one bright spot: reducing burdensome federal regulations.

From The Vault

In this Jan. 30, 2018, file photo, an employee of Aldi, right, takes an application from a job applicant at a JobNewsUSA job fair in Miami Lakes, Fla. On Friday, April 6, 2018, the U.S. government issues the March jobs report. (AP Photo/Lynne Sladky, File)

U.S. added modest 103K jobs in March; rate stays 4.1 percent

- Associated Press

U.S. employers added a modest 103,000 jobs in March after several months of robust gains, though the government's overall jobs report suggests that the labor market remains fundamentally healthy.

By last weekend, at least 2 million workers received bonuses, pay raises or other benefits from more than 130 companies as a result of the tax cuts. AT&T gave its 200,000 employees $1,000. The corporate tax rate fell to 21 percent. (Associated Press)

Big business backs Trump tax cuts with bonus payouts

- The Washington Times

House Minority Leader Nancy Pelosi has belittled the burgeoning number of tax cut bonuses handed out by employers to millions of employees as "crumbs," but to workers receiving them, it's welcome cash in their pockets.

Illustration of Arthur Laffer by Alexander Hunter/The Washington Times

An ode to the Laffer Curve

The unsung hero of the Republican Christmas gift of a tax cut is Arthur Laffer — the Reagan economist who helped devise the Gipper's tax reductions. Those tax cuts rebuilt the U.S. economy in the 1980s and pulled us out of the mini-depression of high inflation and unemployment in the late 1970s.

Sen. Orrin Hatch, R-Utah, gets on an elevator on Capitol Hill in Washington, Tuesday, Dec. 5, 2017. (AP Photo/Susan Walsh) ** FILE **

Republicans strike deal on tax package

- The Washington Times

Republican negotiators on Wednesday said they've managed to strike a deal on a $1.4 trillion tax-cut package and that they'll be prepared to send it to President Trump's desk next week.

Righting the Ship of Security Illustration by Greg Groesch/The Washington Times

A plan to save Social Security

It is no secret that what the major media seem to care most about is radically different from what concerns average Americans. While the inside-the-Beltway crowd continues to focus on alleged collusion between President Trump and Russia, real concerns like the future of Social Security are ignored.

Budget Director Mick Mulvaney holds up a copy of President Trump's proposed fiscal 2018 federal budget as he speaks to members of the media at the White House on Tuesday. (Associated Press)

Trump sends optimistic budget to pessimistic Congress

- The Washington Times

The White House's newly minted 2018 budget sprints toward balance over the next decade by counting on a major economic growth spurt to boost revenue and deep cuts on the spending side -- all of it enhanced by more than a few gimmicks and wildly optimistic assumptions.