Municipalities across the country have funneled billions of dollars from taxpayers to wealthy NFL owners for stadiums. Those same venues now have taken center stage for the NFL players' kneel-down protests of the national anthem. The players say they have a right to express their anger toward racism in the U.S.
Taxes & Budget
Coverage of the national budget and your taxes.
By Tom Howell Jr. - The Washington Times
Sen. Lisa Murkowski says she supports repealing Obamacare's individual mandate to hold insurance, giving a notable thumbs up to a contentious piece of President Trump's tax overhaul, though she stopped short of a full endorsement of the tax plan. Published November 22, 2017
Sen. Tom Carper: Gary Cohn, Trump's top economic adviser, faked bad connection to end call with boss
President Trump's top economic adviser pretended to have a bad connection in order to cut short a telephone conference call with his boss, a Democratic senator told CNN Wednesday, an account the White House quickly labeled as "completely false."
Rep. Ron DeSantis said Wednesday that he's working on legislation to prevent tax dollars from paying for settlements of congressional members.
A top economic adviser to President Trump on Tuesday said the GOP's tax cuts will ultimately have to "prove themselves," but predicted that changes to the corporate side alone can eventually help offset an initial $1.5 trillion revenue hit from the planned overhaul.
Office of Management and Budget Director Mick Mulvaney said Tuesday that the debt and deficit are a priority in the tax plan.
The GOP's House-passed tax overhaul would result in modest economic growth in the coming years and decades but would recoup only 10 percent of the revenue immediately lost by slashing rates, according to a study released Monday.
President Trump convened a Cabinet meeting Monday that he said would focus on "crucial domestic policy issues," including the push for Congress to pass a tax reform bill.
Former IRS executive Lois G. Lerner told a federal court last week that members of her family, including "young children," face death threats and a real risk of physical harm if her explanation of the tea party targeting scandal becomes public.
Republicans billed their tax overhaul as a way to clear out special loopholes from the bloated tax code — but the bill that will hit the Senate floor after Thanksgiving actually adds a host of new breaks on everything from private jet operators to citrus farmers.
Republicans have long been known as "the stupid party." They do stupid things, like waiting until mid-November to pass a must-pass tax cut that should have been done by April.
Treasury Secretary Steven Mnuchin said Sunday he considers it a "compliment" to be compared to a James Bond movie villain.
Treasury Secretary Steve Mnuchin said Friday that some wealthier Americans will pay more under the new tax plan.
President Trump on Thursday applauded the Senate Finance Committee for approving a tax reform bill and sending it to the full chamber for consideration, the White House said.
The Senate Finance Committee on Thursday approved the GOP's nearly $1.5 trillion tax-cut plan, as Republicans cleared another major hurdle on their next big-ticket agenda item after the full House passed its own plan earlier in day.
The NFL has come out against House Republicans' tax cut bill, putting the league out on a political limb even as it deals with the fallout from national anthem protests.
With spines stiffened by a presidential pep talk, House Republicans easily approved a $1.4 trillion tax cut Thursday, taking the first big step toward a decades-overdue overhaul that Republicans hope will send the economy soaring and win back wavering voters.
President Trump on Thursday cheered on House Republicans at the Capitol as they prepared to vote on a tax reform bill, telling them that they were going to make history.
The Internal Revenue Service is installing a safe to protect President Trump's widely sought tax returns, the outgoing IRS commissioner said in a recent interview.
President Trump met Thursday with House Republicans at the Capitol, cheering them on before they put the tax reform bill to a vote.
House Speaker Paul D. Ryan said Thursday the House added back part of the property tax deduction in its revised tax bill.
It is more likely than not that we are heading into a virtuous cycle for the Trump administration and Republicans on Capitol Hill -- if they seize the moment.
One Republican senator said Wednesday he can't support the GOP's tax-cut plan, dealing a surprise blow to party leaders racing to make final tweaks and get a bill to President Trump this year.
The National Federation of Independent Business, a leading small business lobbying group, on Wednesday threw its support behind the Senate's tax overhaul plan.
Rep. Peter King said Wednesday White House Budget Director Mick Mulvaney doesn't care if the tax plan creates hardships for New York citizens.
Liberals fear President Trump's tax cuts more than any of his policies. This explains the left's virulent opposition and that it will only increase as tax cuts approach enactment. The reason: Tax cuts offer Mr. Trump and Republicans greater political and economic potential than any other proposal.
Even after losing the state and local income tax deduction, taxpayers in New York and other high-tax blue states would still end up ahead under the Republican tax reform bill, analysts say.
Senate Republicans said Tuesday they will include a repeal of Obamacare's individual mandate in their tax cut bill in a bold move that frees up more money for deeper tax cuts and takes a whack at the health care law they have repeatedly tried but failed to repeal.
Sen. Rand Paul tweeted Tuesday that he intends to introduce a repeal of the Obamacare mandate in the Senate's tax proposal.
The folks in Washington have a knack for almost always asking the wrong question, and then coming up with an answer that makes things worse. The current debate about tax reform is a prime example. Many Democratic critics, some Republican critics (mainly from the conservative side), and many in the media argue that we cannot "afford" a tax cut. In reality, we cannot afford not to cut tax rates.
President Trump's team is working overtime to convince Americans that the Republican tax reform plans, which tilt decidedly toward lowering rates for businesses, will be a boon for middle-class families.
Tax reform, like a woman, must be courted, not taken by storm.
President Trump on Monday pushed Republican lawmakers to further cut the top rate.
President Trump's daughter and senior adviser Ivanka Trump sided Monday with the House GOP's tax reform bill on the contentions issue of state and local tax deductions that would be completely eliminated under the Senate plan.
Though we don't agree on the overall tax package being debated in Washington, we do agree that Congress should act to increase the value of and access to the child tax credit and the child and dependent care tax credit for families with children ages 0-5 as key steps in helping low- and middle-income working families and investing in our country's long-term prosperity.
The House's main tax-writer said his chamber won't accept a Senate plan to eliminate a property tax deduction that's critical for states like New York and California, underscoring the thorny path Republicans face in settling on a final product by Christmas.
Sen. Tim Scott said Friday that the delay in lowering corporate rate in the Senate's tax plan would give the measure more longevity.
Sen. Pat Toomey said Friday that the simplification in the new tax code comes from how you define income rather than the number of tax brackets.
Seemingly learning from the rocky rollout of their House counterparts, Senate Republicans announced a tax cut framework Thursday that preserves many popular tax breaks for adoptions, medical expenses and home mortgage interest, while promising lower taxes for most Americans.
House Republicans survived the first skirmish on their tax cut bill Thursday, pushing a $1.5 trillion plan through committee after last-minute changes to appease conservatives by restoring small but symbolic tax breaks such as the adoption credit.
National Economic Council Director Gary Cohn said Thursday the cut to the corporate tax rate will help wage growth.
Sen. Marco Rubio said Thursday that the state and local tax exemption will likely not be in the Senate tax plan.
Sen. John Thune said Thursday he's hoping the tax plan coming out of the Senate will have some bipartisanship consensus.
Republican leaders are taking major heat from their own members over their proposal to eliminate the adoption tax credit, with conservatives saying they can't stomach eliminating a policy that has been a major contributor to the pro-life movement.
Even though President Trump is on the other side of the world while his biggest priority -- tax reform -- gets worked over in a House committee this week, a White House team is working behind the scenes on Capitol Hill to push the boss' priorities and keep the legislation on track.
The Congressional Budget Office scored the House Republican tax plan Wednesday estimating it would add $1.7 trillion to the national debt over the next 10 years, The Hill reported.
Repealing Obamacare's mandate requiring Americans to buy health insurance would save the federal government $338 billion over the next decade as 13 million people would forgo coverage, freeing the government from having to subsidize them, scorekeepers said Wednesday in an analysis could reshape the Republican push to overhaul the tax code.
Republican leaders say they're open to including a repeal of Obamacare's individual mandate in their tax reform effort, hoping to appease conservatives, but won't consider other health-related items.
Senate Minority Leader Charles E. Schumer predicted Tuesday that Dreamers will get permanent legal status in the end-of-year spending deal Congress is working on, and said President Trump will have to sign it.
House Republicans approved still more changes to their tax-cuts bill Monday, limiting a new tax increase on private colleges and universities to only the wealthiest schools and altering the way investment managers are taxed as GOP leaders try to build consensus among their members.
Ivanka Trump has emerged as a key White House player on tax reform, spearheading policies to provide relief to middle-class Americans and staking out common ground with conservative and liberal lawmakers on Capitol Hill.
Top Democrats said Monday that the so-called "Paradise Papers" -- a leak of documents exposing the use of offshore tax havens by major world figures -- should derail the GOP's push for a tax overhaul.
Vice President Mike Pence said Monday that he anticipates more changes to the tax plan as the legislation is debated in the Senate.
The ink is barely dry on the House GOP's tax bill, but deep-pocketed outside groups on both sides are already flooding the airwaves in an attempt to define the conversation and shape the public's view as Congress begins to vote.
Buried amid the deductions and credits, House Republicans have made a major shift in tax policy that will mean an escalating tax increase on every American taxpayer over the ensuing decades.
House Ways and Means Committee Chairman Kevin Brady introduced Friday a slightly modified version of the GOP's tax bill his committee will take up next week that makes adjustments to inflation calculations and other technical changes.
U.S. employers added a robust 261,000 jobs in October in a bounce-back from the hurricanes that slammed the Southeast in September.
The chairman of the House Ways and Means Committee dismissed the idea Friday that the GOP's push to eliminate the estate tax is a giveaway to "super wealthy" Americans.
The head of the House Freedom Caucus said Friday he is confident the GOP's plan to overhaul the federal tax code will pay for itself over 15 years, downplaying warnings from fiscal hawks who warn the proposal will push the nation deeper into debt.
Hurricanes Harvey and Irma were some of the strongest storms to hit the United States in a dozen years, causing widespread destruction, not just in our big cities, but in remote areas as well. The same type of widespread destruction was seen out West, with more than 8 million acres of forestland having burned due to wildfires this year.
The new GOP tax overhaul would strip illegal immigrants of the ability to claim several major tax credits, saving the government $23.1 billion over the next decade, according to the bill's authors.
Recent Opinion Columns
"Drain the swamp!" It was the battle cry of Donald Trump's presidential campaign. Many Republican members of Congress echoed that call as well, riding it to victory -- and control of both legislative chambers.
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.
America's lethargic economy isn't doing so good and President Trump's tax cut plan to get it growing again is stalled in Congress for the foreseeable future.
Small businesses have become the crux of the tax reform debate, with Republicans saying it makes no sense to do only a corporate overhaul because it will leave behind millions of mom-and-pop shops that file their taxes as individuals.
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.
Thanks to the beneficence of the federal government (and the calendar), we Americans have until midnight on April 18 to file our income taxes. It's too bad filing taxes wasn't an easier process.
President Trump's tax reform plan promises to re-energize the American economy, create jobs and slow the increase of the national debt. You might say that the Trump tax plan will "fundamentally transform the United States of America" after "decades of broken politics in Washington" and "eight years of failed policies" under his predecessor's administration -- to use Barack Obama's words from 2008.
President Trump has said he is going to move on to tax reform after the debacle with Obamacare repeal. Is there any reason that we can expect greater success with the tax reform effort? I argue no, unless the rules in the House and Senate are modified, and those in Congress, whose brains are connected enough to distinguish between tax rates and tax revenues, take control.
What hypocrites liberals and the media are. For weeks on end they've been beating up President Trump for not taking the initiative on the $10 trillion debt build-up under Barack Obama or the runaway entitlement programs that could bankrupt our nation.
A president's budget has the shelf life of a shrimp. A president drafts a budget and sells it with language as chaste and extravagant as the blue sky, and his naysayers dutifully mount their soap boxes to declaim, distort and denounce.
It was in 1916 -- 100 years ago this year -- that America made a big, big mistake that has done significant damage to our economy and the fairness of our tax system for an entire century. We are talking about the estate tax, more popularly known as the death tax.
When politicians insist on "reforming" some program they mismanaged and destroyed, they always turn to the average American and begin explaining the "sacrifice" we have to make in order to save it.
If you pay people not to work, what do you think they will do?
From The Vault
U.S. employers added 209,000 jobs in July, a second straight month of robust gains that underscore the economy's vitality as it enters a ninth year of expansion.
The House approved $1.6 billion Thursday to fund the first installment of President Trump's border wall, surmounting Democrats' unanimous opposition and giving the White House a significant though potentially short-lived victory.
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.
White House Budget Director Mick Mulvaney said Thursday that the Congressional Budget Office is still using a scoring system created by Obamacare's architect.
Republicans in Washington have been clamoring for years to address the long-term financial problems of Social Security and Medicare.
Kansas legislators have repudiated the tax-cutting experiment that brought Gov. Sam Brownback national attention, with even fellow Republicans voting to override his veto of a plan reversing many of the income tax reductions he championed in recent years as a way to fix the cash-strapped state's budget.
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.
President Trump presented his eagerly anticipated tax-reform scheme Wednesday and the reviews were, as expected, mixed but hopeful.
The National Endowment for the Arts and dozens of other federal programs would be eliminated under President Trump's first budget.
President Trump's plan for a $1 trillion program to rebuild America's roads, bridges, railways and airports has won early support from leading budget hawks and anti-tax conservatives because it is expected to be more about regulatory reform and alternative financing than a federal spending spree.
President Trump visited the Navy's new nuclear-powered aircraft carrier on Thursday and told sailors that more ships would be coming in his "great rebuilding" of the military.
The House Appropriations Committee dropped a defense spending bill Thursday that aims to keep the military running through September, the end of the current fiscal year.
In his first major address to Congress, President Trump will deliver a prime-time "message to the world" Tuesday night by proposing a robust military buildup and corresponding cuts in foreign aid, State Department operations and domestic programs.
A panel of four-star U.S. military officers is delivering lawmakers a bleak picture about the state of the armed forces.
For the last time, taxpayers are paying for a Hawaiian Christmas vacation for President Obama and his family, an annual luxury getaway that has cost the Treasury easily more than $35 million over eight years.