The Supreme Court has upheld the differential treatment of residents of Puerto Rico, ruling that Congress was within its power to exclude them from a benefits program that’s available in all 50 states and the District of Columbia.
Taxes & Budget
Coverage of the national budget and your taxes.
The IRS has dramatically cut back on audits of the wealthiest Americans over the last decade and the poorest taxpayers are now audited at a higher rate than the middle class, Congress’ chief watchdog reported Tuesday.
House Speaker Nancy Pelosi is setting the minimum salary level for House staff to $45,000 per year, arguing the move is direly needed to retain talent.
Florida Legislature quickly makes good on Gov. DeSantis’ threat to strip Disney’s special tax status
The Florida Senate voted Wednesday to end Disney’s special taxing district in a battle over the state’s new sex-education law, pushing the theme park giant a step closer to losing the unique autonomy it has functioned under since the park was built more than five decades ago.
President Biden’s proposal to raise taxes across the board could hasten the onset of an economic recession, economists say.
Florida Gov. Ron DeSantis announced Tuesday he’ll seek to eliminate Disney’s special taxing district when the Legislature meets this week, a move that follows the theme park giant’s criticism of a new state ban on sex education for early elementary grades.
The Supreme Court on Monday rejected a challenge to Congress’ 2017 tax reform that capped the state and local tax deduction filed by three blue states.
President Biden used Monday’s tax-filing deadline to promote his social welfare agenda while lobbing attacks at Senate Republicans, saying his tax plan would look out for the middle class while Senate Republicans promote a plan that would impose income taxes on those who currently pay none.
Millions of Americans wait until the last minute to file their taxes and this year is no exception.
President Biden and first lady Jill Biden made public their tax return on Friday showing they earned nearly $611,000 in 2021.
The Internal Revenue Service is bracing for a flood of tax returns on the official deadline on Monday in a system already beleaguered with delays.
The State Department late Tuesday authorized an additional $100 million in security assistance for Ukraine.
Bipartisan negotiators struck a $10 billion Senate deal Monday to handle COVID-19 that is less than half the amount that President Biden demanded last month.
Lawmakers on Capitol Hill scrambled Monday to finalize and pass a $10 billion COVID-19 response package that will likely be less than half the amount that President Biden demanded.
President Biden’s proposal to hike the corporate tax rate to 28% will shrink the U.S. economy and decimate more than 138,000 jobs over the next decade, found an analysis by the nonpartisan Tax Foundation.
Maryland Gov. Larry Hogan and leaders in the legislature have reached a $1.86 billion agreement for tax relief over five years for retirees, small businesses and low-income families, officials announced Monday.
The Department of Defense is asking Congress for $773 billion for the Pentagon in 2023, an increase of $30 billion from what President Biden asked for last year.
President Biden will release on Monday a budget blueprint that calls on Congress to require a 20% minimum tax on households worth more than $100 million.
The IRS is still paying pandemic benefits to dead people, the agency’s inspector general has revealed in a new report that identified tens of thousands of erroneous payments.
Gov. Gretchen Whitmer on Friday proposed temporarily freezing Michigan’s 6% sales tax on gasoline and diesel fuel as a way to lower high pump prices and keep intact road and bridge funding.
President Biden’s son Hunter paid off his tax liability, but the grand jury probe into his business dealings continues, according to a report Thursday.
Maryland lawmakers unanimously approved legislation Thursday to suspend the state’s gas tax for 30 days, with a final vote expected soon to send the measure to Gov. Larry Hogan who supports it.
The federal government blew at least $163 billion on bogus pandemic unemployment benefit payments and has recaptured less than $1 billion of it, the program’s inspector general told Congress on Thursday.
President Biden signed a bill Tuesday that will provide $13.6 billion in new military and humanitarian aid to Ukraine as part of $1.5 trillion in federal spending that will fund the government through September.
President Biden managed to salvage a sliver of his climate change agenda in the $1.5 trillion government spending bill with at least $18 billion of it going to programs intended to reduce the use of fossil fuels.
President Biden’s $1.5 trillion government funding bill funnels millions of dollars in pork to vulnerable Democrats in November’s midterm elections while benefiting Republicans who helped secure its passage.
Congressional Democrats like Sen. Sheldon Whitehouse of Rhode Island want to bring down sky-high gas prices by raising taxes on major oil-and-gas companies, a proposal that dumbfounded critics said would trigger even higher prices at the pump.
Governors and state legislatures of both parties throughout the country are looking to suspend their gasoline taxes to give their residents a little relief from soaring prices at the pump.
The Senate on Thursday gave final approval to a $1.5 trillion government funding bill that included $14 billion in aid for Ukraine, sending it to President Biden for his signature.
President Biden’s proposals to pour more taxpayer money into government programs to counter rising costs have fiscal hawks confounded, with many arguing it will exacerbate the current inflation crisis.
Lawmakers have dropped an extension of waivers for free universal school lunches from the new bipartisan $1.5 trillion spending package working its way through Congress, meaning millions of students could soon lose the food subsidies that they have been offered since the start of the pandemic.
House Democrats passed President Biden’s $1.5 trillion bipartisan budget deal Wednesday, which includes emergency aid to Ukraine and billions in congressional pet projects via legislative earmarks, after House Speaker Nancy Pelosi staved off a last-minute rebellion from her party’s far-left flank.
Progressive House Democrats are threatening to derail President Biden’s $1.5 trillion bipartisan budget deal over what they see as inadequate funding for combatting the coronavirus.
House Speaker Nancy Pelosi is rushing to pass a 2,741-page funding measure Wednesday before Democrats set off to Pennsylvania for a party retreat, giving lawmakers less than 15 hours to comb through the legislation.
Congressional leaders reached a bipartisan deal early Wednesday providing $13.6 billion to help Ukraine and European allies plus billions more to battle the pandemic as part of an overdue $1.5 trillion measure financing federal agencies for the rest of this year.
A cadre of GOP senators is threatening to delay passage of emergency military and humanitarian aid to Ukraine if it’s paired with a yearlong budget bill that does not defund President Biden’s COVID-19 vaccine mandate.
President Biden’s pledge to cut the deficit by more than $1 trillion by the end of the year has budget experts and fiscal hawks scratching their heads, especially as the White House pushes trillions in new spending.
The Republican-led Legislature on Thursday gave final approval to a veto-destined bill that would cut Michigan’s income tax, expand tax exemptions for older people and largely restore a per-child tax credit that was eliminated a decade ago.
GOP lawmakers are demanding documents from the White House regarding its management of $1.2 trillion in bipartisan infrastructure funding as part of a larger effort to “root out waste, fraud, abuse and mismanagement” within the federal government.
President Biden is upping his request for humanitarian and military aid to Ukraine, calling on Congress to approve $10 billion to help bolster the nation in its fight against Russia.
Sen Joe Manchin III on Tuesday shot down President Biden’s calls to revive the administration’s $1.75 trillion social welfare and climate package, known as the Build Back Better Act.
Democrats’ focus on green energy and climate change has cut domestic oil production, driven up gas prices and helped to fund Russia’s invasion of Ukraine, a conservative business group said Monday.
The Biden administration has moved to make it more attractive for immigrants to sign up for welfare, laying down a marker just days before the Supreme Court is slated to take up the issue in a legal challenge seeking to restore tougher Trump-era rules.
Record-high inflation, geopolitical tensions abroad and warnings about the price of gasoline reaching $7 per gallon have Democrats in Washington scrambling to address costs directly hurting Americans’ pocketbooks.
Democratic Sen. Joe Manchin III pushed back Tuesday on a proposal by vulnerable members of his party to suspend the federal gasoline tax until after the November elections.
IRS Commissioner Charles P. Rettig acknowledged Tuesday the tax agency faces “enormous challenges” in providing service this year, but said taxpayers should direct their anger at Congress for not giving him enough money.
Ahead of Sunday’s big game, Republicans released a new digital advertisement Friday that blames Democrats for hiking the cost of chicken wings, guacamole and other popular Super Bowl fare.
Sen. Joe Manchin III urged fellow Democrats on Thursday to come together and gut the Trump-era tax cuts in the wake of bombshell inflation numbers.
Desperate to revive his stalled $1.7 trillion economic spending package, President Biden on Wednesday will meet with the heads of some of the nation’s largest utility companies to renew his push for the package’s climate provisions.
Congress has approved about $6 trillion for the fight against COVID-19, or more than it spent to defeat Nazi Germany and imperial Japan in World War II.
A cadre of Republican senators is moving to overturn requirements that third-party internet platforms report transactions of more than $600 to the Internal Revenue Service.
The Biden administration is kicking off an outreach campaign to get millions of families to file their taxes — so they can receive the second half of payments from the expanded child tax credit.
The IRS said Monday it is abandoning its push to use facial recognition technology on taxpayers, after massive bipartisan pushback from senior lawmakers who called the idea a disaster for privacy and security.
House Democrats are poised to pass a short-term funding bill this week that will keep the federal government afloat past Feb. 18.