Coverage of the national budget and your taxes.
A group of Senate Republicans is pressuring Senate Minority Leader Mitch McConnell not to make a deal with Democrats to pass a catch-all spending package to fund the government through September.
The Senate on Wednesday confirmed Robert P. Storch to serve as inspector general in the Defense Department. The 92-3 vote made him the first non-acting Pentagon IG since Obama-appointee Jon Rymer stepped down in January 2016.
The federal government set a record for tax collections in October, the first month of the fiscal year, by collecting about $318.5 billion, according to the Treasury.
One of Donald Trump’s top moneymen admitted Thursday to breaking the law to help fellow Trump Organization executives avoid taxes on company-paid apartments and other perks, including by preparing misleading tax returns and failing to report the benefits to tax authorities.
President Biden on Thursday nominated Danny Werfel to serve as the head of the Internal Revenue Service, where he would oversee the agency’s largest expansions in decades.
The Biden administration has buried taxpayers and businesses under a flurry of new regulations that cost the U.S. economy more than $309 billion and exacerbated inflation, according to a new analysis.
Key House Republicans have demanded the secretary of Labor preserve evidence of how it’s grappled with the massive amount of fraud in the pandemic unemployment program, saying the department’s response to the theft of perhaps hundreds of billions of dollars has been “unacceptable.”
Homeland Security not only put illegal immigrant families up in hotels at taxpayer expense but the contract it signed insisted they be given five-star treatment with laundry service, their choice of mattresses and guards — not to keep them in, but to keep others out.
House Democrats’ legal fight with former President Donald Trump to get his taxes threatens to open a Pandora’s box that empowers lawmakers to weaponize the IRS and gain limitless access to political opponents’ financial data.
The Supreme Court on Wednesday heard arguments in a Romania-born U.S. citizen’s challenge of a more than $2 million IRS fine for not reporting his foreign accounts in a timely manner — a case that could impact individuals’ tax burden if the Biden administration fulfills its plan to beef up the agency.
Supreme Court Chief Justice John G. Roberts Jr. has temporarily halted the disclosure of former President Donald Trump’s tax returns to House Democrats.
About 40% of U.S. households will pay no federal income tax this year, down from 60% two years ago in a sign that workers are making enough money again to fork over some of it to the government.
Republicans on the House Ways and Means Committee on Monday sent a letter to Treasury Secretary Janet Yellen requesting the department preserve all documents related to the Biden administration’s push for a global minimum tax on multinational corporations.
The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday.
