Special Section - Taxes & Budget - Washington Times
Skip to content

Taxes & Budget

Coverage of the national budget and your taxes.

FILE - In this March 13, 2018 file photo, President Donald Trump speaks during a tour as he reviews border wall prototypes in San Diego. Trump slammed California Gov. Jerry Brown's posture on sending National Guard troops to the Mexican border Tuesday, April 17, 2018, even as Brown said he was nearing agreement on joining the president's mission and that his troops were "chomping at the bit ready to go." (AP Photo/Evan Vucci, File)

Trump finds fault with latest spending bill: Where's the border wall funding?

By Gabriella Muñoz - The Washington Times

President Trump called the latest spending bill "ridiculous" while complaining about border wall funding Thursday morning and demanded Republicans "finally get tough." Published September 20, 2018

Recent Stories

Red lights illuminate Pennsylvania Avenue as the U.S. Capitol glows in the twilight, in Washington, Wednesday, Dec. 19, 2012. (AP Photo/Jacquelyn Martin) ** FILE **

House passes three-bill funding package

- The Washington Times

The House approved the first batch of 2019 spending bills Thursday and shipped the legislation to President Trump to sign, keeping Congress on track for its best annual funding process in decades.

In this Aug. 17, 2018, file photo, U.S. Sen. Bernie Sanders, I-Vt, gestures as he speaks during a campaign stop for Democratic gubernatorial hopeful Andrew Gillum in Tampa, Fla. (AP Photo/Chris O'Meara, File)

Bernie Sanders, allies push to expand Social Security benefits

- The Washington Times

Sen. Bernard Sanders and progressive allies banded together Thursday to try and expand Social Security insurance, saying too many retirees can't get by on what it pays now and they must stave off any cuts Republicans demand in the wake of their deficit-ballooning tax bill.

The Richest Man Illustration by Greg Groesch/The Washington Times

Bad news sells, but optimism wins

For the past two years, most major media outlets have been running non-stop about what a disaster President Trump is, and how his mere existence is a threat to both citizens' pocketbooks and liberty. Yet the economy has been booming, and lower taxes and fewer regulations not only meant more prosperity but more liberty.

Illustration on educational funding by Linas Garsys/The Washington Times

Good news for the school year

There's good news this school year for families looking to provide the best possible opportunities for their children. Thanks to tax reform and America's booming economy, parents can save more money for their children's education, and students are finding better job options than we've seen in decades.

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

Calculating the tax cut

Last December's Tax Cuts and Jobs Act didn't come wrapped in shiny paper and a bow, but it might as well have. It's like a Christmas gift that keeps on giving.

President Donald Trump salutes as he steps off Marine One on the South Lawn of the White House, Thursday, July 26, 2018, in Washington. Trump is returning from a trip to Iowa and Illinois. (AP Photo/Alex Brandon)

Trump's military parade delayed at least until 2019, Pentagon says

- Associated Press

The Defense Department says the Veterans Day military parade ordered up by President Donald Trump won't happen in 2018. Col. Rob Manning, a Pentagon spokesman, said Thursday that the military and the White House "have now agreed to explore opportunities in 2019."

U.S. President Donald Trump salutes as he watches with his wife Melania Trump the traditional Bastille Day military parade on the Champs Elysees, in Paris, Friday, July 14, 2017. (AP Photo/Michel Euler) ** FILE **

Trump's military parade now estimated to cost $92M

- The Washington Times

President Trump's military parade could cost as much as $92 million, U.S. officials said Thursday, putting a massive price tag on the Veterans Day event that originally was estimated to run no more than $30 million.

President Donald Trump listens during a cabinet meeting at the White House, Thursday, June 21, 2018, in Washington. (AP Photo/Evan Vucci)

The unintended target of tax reform: Churches now face 21% penalty

- The Washington Times

Houses of worship and nonprofit groups are crying foul as they realize that a provision in last year's tax reform law requires them to pay federal taxes on some employee benefits for the first time, a development that could cost them thousands of dollars.

Flames consume a home as the River Fire tears though Lakeport, Calif., on Tuesday, July 31, 2018. (AP Photo/Noah Berger)

Wildfires scorching homes, land -- and California's budget

- Associated Press

Just a month into the budget year, the state has already spent more than one-quarter of its annual fire budget, at least $125 million, California Department of Forestry and Fire Protection spokesman Mike Mohler said Wednesday.

IRS official Lois Lerner is sworn in on Capitol Hill in Washington, Wednesday, May 22, 2013, before the House Oversight Committee hearing to investigate the extra scrutiny IRS gave to Tea Party and other conservative groups that applied for tax-exempt status. Lerner told the committee she did nothing wrong and then invoked her constitutional right to not answer lawmakers' questions. (AP Photo/Carolyn Kaster)

Ohio joins battle to force Lois Lerner records be released

- The Washington Times

Ohio Attorney General Mike DeWine asked a judge Wednesday to release former IRS senior executive Lois G. Lerner's secret testimony about her actions during the Obama administration's tea party targeting, saying Americans deserve an "unvarnished publish accounting" of what Ms. Lerner did.

In this March 13, 2018, file photo, President Donald Trump speaks during a tour as he reviews border wall prototypes in San Diego. Trump said Sunday, July 29, 2018, that he would consider shutting down the government if Democrats refuse to vote for his immigration proposals, including building a wall along the U.S.-Mexico border.  (AP Photo/Evan Vucci, File)

Trump threatens border security shutdown; GOP cool to idea

- Associated Press

Republicans anxious about keeping control of Congress think it's a bad idea, but President Donald Trump still says he's willing to close the government over border security issues, including money he wants to build a promised U.S.-Mexico border wall.

"This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals," said Agriculture Secretary Sonny Perdue about the Trump administration's $12 billion bailout plan to help farmers harmed by tariffs. (Associated Press)

Trump officials announce $12 billion bailout plan for farmers

- The Washington Times

The administration announced a $12 billion bailout plan Tuesday for farmers hurt by "unjustified retaliatory tariffs" in President Trump's trade wars, while some GOP lawmakers and farmers recoiled at the government aid and urged the president to seek a negotiated peace with U.S. trading partners.

Treasury Secretary Steven Mnuchin, right, and his wife Louise Linton, hold up a sheet of new $1 bills, the first currency notes bearing his and U.S. Treasurer Jovita Carranza's signatures, Wednesday, Nov. 15, 2017, at the Bureau of Engraving and Printing (BEP) in Washington. The Mnuchin-Carranza notes, which are a new series of 2017, 50-subject $1 notes, will be sent to the Federal Reserve to issue into circulation. At left is BEP Director Leonard Olijar. (AP Photo/Jacquelyn Martin)

Feds' spending watchdog site riddled with errors

- The Washington Times

Federal agencies are finally submitting their spending data to a special public database so taxpayers can see where the money is going -- but a majority of the numbers are little more than junk, according to a new government report Tuesday.

No Work Required for Welfare Illustration by Greg Groesch/The Washington Times

Liberal war on work

Once upon a time, work for welfare was a pretty accepted notion. In 1996, Bill Clinton signed a strict workfare bill that was so popular, it helped him get re-elected. A Brookings Institute study by welfare scholar Ron Haskins proved those reforms moved more than half of those on welfare (mostly young single moms) into the workforce, and millions eventually gained economic self-sufficiency.

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.