Budget Battles
-
House Passes Pelosi’s Sweeping Drug Bill
-
Shocking Health Care Statistic of the Day
-
Ready to Rumble: How Pelosi’s Drug Bill Sets Up Dems for 2020
-
Increasing Number of Americans Delay Medical Care Due to Cost: Gallup
-
Congress Really Wants to Get Something Done on Drug Prices. It May Fail Anyway
-
Surprise Deal to Protect Patients From Surprise Medical Bills
-
Obamacare Back at the Supreme Court — With Billions for Insurers on the Line
-
House Panel Advances Bill to Temporarily Repeal SALT Deduction Cap
House Democrats on the Ways and Means Committee voted Wednesday to advance a temporary repeal of the $10,000 cap on the state and local tax deduction. The bill , which advanced largely along party...
-
Warren’s Wealth Tax Would Raise Up to $2.7 Trillion Over 10 Years, but Less Than She Projects: Report
By Michael RaineyA new analysis from the Penn Wharton Budget Model finds that Elizabeth Warren’s proposed wealth tax would raise between $2.3 trillion and $2.7 trillion over 10 years, while reducing GDP in 2050 by...
-
The Fiscal Challenge for the Next Recession
The federal budget deficit for fiscal year 2019 was nearly $1 trillion. “In the next downturn, don’t be surprised if this number hits $2 trillion,” writes Nick Timiraos, The Wall Street Journal’s...
-
Investors Eye Volatility from ‘Fiscal Dysfunction’
By Michael RaineyReviewing its outlook for 2020, the investment team at New York fund manager Neuberger Berman recently discussed the economic risks associated with “fiscal dysfunction” – the government’s inability...
-
Biden: Trump Tax Cuts ‘a Disaster for the Middle Class’
By Michael RaineyJoe Biden has been criticized by his fellow Democrats for insisting that as president he would be able to work with the Republican Party – the same party that rejected much of the Democratic economic...
-
After Trump’s Cuts, US Taxes Are Fourth Lowest in the Developed World
By Michael RaineyTotal U.S. taxes as a share of the economy fell to 24.3% last year, thanks in large part to the tax cuts signed into law by President Trump in 2017, the Organization for Economic Cooperation and...
-
Biden Unveils $3.2 Trillion Tax Plan Targeting Corporations Like Amazon
Joe Biden rolled out a plan Wednesday to raise $3.2 trillion in additional taxes over 10 years, with the wealthy and corporations paying more to cover the cost of spending proposals on health care,...
-
Bad News for Charity on Giving Tuesday
By Michael Rainey“Despite Giving Tuesday and despite all the charitable appeals that almost certainly landed in inboxes, charitable donations by individuals declined by slightly more than 1 percent in 2018, according...
-
Only One Demographic Group Opposes Warren’s Wealth Tax
The idea of a wealth tax like the one proposed by Sen. Elizabeth Warren is popular with a broad swath of voters, Ben Casselman and Jim Tankersley of The New York Times report . A new nationwide poll...
-
Chart of the Day: Record Low Poverty Rate
By Michael RaineyThe extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...
-
Public Investment Is the Key to Avoiding Economic Stagnation: Report
By Michael RaineyEconomic stagnation on a global scale is a growing threat, according to a new report from the Organization for Economic Co-operation and Development (OECD). The group’s November economic outlook...
-
Pushing Back Against the Wealth Tax at the Dem Debate
By Michael RaineySen. Elizabeth Warren defended her proposed wealth tax at the Democratic presidential debate on Wednesday night: “I’m tired of freeloading billionaires,” Warren said . “I think it's time that we ask...
-
Democrat's New Taxes Wouldn't Hit Just Billionaires
By Michael RaineySome Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...
-
An Easy Way to Get $1 Trillion More in Tax Revenue?
By Michael RaineyThe first step in reforming the U.S. tax system doesn’t involve raising rates or eliminating deductions, say former Treasury Secretary Lawrence Summers and Penn Law professor Natasha Sarin. Instead,...
-
FedEx Battles New York Times Over Trump’s Tax Cuts
By Michael RaineyThe New York Times published a piece Saturday highlighting the huge windfall FedEx received from the 2017 GOP tax cuts — and the company’s CEO isn’t happy with the analysis. According to the Times,...