Budget Battles
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The Rising Tide of Health Care Costs
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The Healthiest — and Unhealthiest — US States
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Health Spending Hits Record High, Even With 1 Million Fewer Insured
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A White House Report Slams Pelosi’s Drug Plan. Experts Call Its Claims ‘Nonsense’
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Hospitals Sue to Protect Secret Prices
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How a Public Option Would Affect the Insurance Market
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Joe Biden Says Pete Buttigieg ‘Stole’ His Health Care Plan
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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...
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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...
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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...
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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,...
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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...
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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...
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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 —...
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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...
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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...
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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...
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Two Takes on Republican Debt Hypocrisy
The federal deficit for fiscal 2019 was nearly $1 trillion, and the national debt is going to hit $23 trillion within a matter of days. President Trump once said he would eliminate the national debt...
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The Eye-Popping Tax Hikes Needed to Pay for Medicare for All
The Committee for a Responsible Federal Budget is the latest group to take a stab at answering the big question looming over the Medicare-for-All debate — and Elizabeth Warren’s presidential campaign...
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Budget Deficit Rose 26% in 2019, to Near $1 Trillion: Treasury
By Michael RaineyThe federal government’s budget deficit grew to $984 billion in fiscal year 2019, the U.S. Treasury announced Friday. The final tally for 2019 is $205 billion larger than in 2018, a 26% increase. As...
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Not All Candy Is Candy – At Least for Tax Purposes
By Hayes Holderness, The ConversationHalloween shoppers have many delicious decisions to make before trick-or-treaters show up at their doors. And in many states, those choices will change how much tax they pay. In Illinois, for example...
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Fighting Corruption in Ukraine? Trump’s Budgets Suggest Otherwise
By Michael RaineyPresident Trump has insisted that the controversial delay in the disbursement of military aid to Ukraine earlier this year was driven by his deep concerns about corruption in the Eastern European...
Taxes Directory
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