OUR OPINION: Thumbs up, thumbs down - Kennebec Journal & Morning Sentinel

5 hours 50 min ago

OUR OPINION: Thumbs up, thumbs down
Kennebec Journal & Morning Sentinel
As the number of tax returns has increased, the IRS budget, and its capacity to root out fraud and filing mistakes, has decreased. The spending plan passed by Congress last week includes another cut, meaning IRS enforcement funding has been diminished ...

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He Never Learns - The Weekly Standard

10 hours 28 sec ago

The Weekly Standard

He Never Learns
The Weekly Standard
He listed the rescue of Social Security and tax reform under Reagan and welfare reform and three balanced budgets under Clinton. Obama is no Clinton. He has ... He says he favors reform of entitlements but can't follow through because Democrats in ...

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The US budget deficit shrinks by more than half - Market Realist

Thu, 12/18/2014 - 5:22pm

Market Realist

The US budget deficit shrinks by more than half
Market Realist
Yet for fiscal 2015, the Congressional Budget Office expects the deficit to shrink to 2.6% of the GDP, according to a release in August 2014. ... The highest budget receipts for the US in November 2014 came from individual income taxes—$85.96 billion.

How Much the Growing Debt Costs US Households - Wall Street Journal (blog)

Thu, 12/18/2014 - 3:24pm

Wall Street Journal (blog)

How Much the Growing Debt Costs US Households
Wall Street Journal (blog)
First, Congress undid the one real reform in last year's Murray-Ryan budget deal: replacing reforms to military pensions with a budget gimmick, losing $7 billion in real savings in the process. After interest, that's $65 per U.S. household. Lawmakers ...

How One Bill Offers Hope On Congress's Biggest Problems - Business Insider

Thu, 12/18/2014 - 1:06pm

Business Insider

How One Bill Offers Hope On Congress's Biggest Problems
Business Insider
“Here is a case where, if you actually wanted to do some saving, you were penalized by other government agencies,” says Josh Gordon, policy director at the Concord Coalition, which lobbies to rein in government deficits. But budget experts ... But when ...

Congress battles Highway Trust Fund deficit - Community Impact Newspaper

Thu, 12/18/2014 - 12:28pm

Community Impact Newspaper

Congress battles Highway Trust Fund deficit
Community Impact Newspaper
In addition, decreasing revenue from the motor vehicle fuel tax and a growing need for transportation projects means the HTF is facing an average $17 billion annual deficit from 2015–23 unless Congress finds a new funding source. “For a growing state ...

The other Bush on taxes - CNNMoney

Wed, 12/17/2014 - 11:58am

CNNMoney

The other Bush on taxes
CNNMoney
Tax increases: Bush upset conservatives when he told the U.S. House Budget Committee in 2012 that he could live with a small tax increase to bring down deficits -- as long as it's done with a much larger spending cut. "If you could bring to me a ...

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The other Bush on taxes - ErieTVNews

Wed, 12/17/2014 - 11:42am

New York Times

The other Bush on taxes
ErieTVNews
... fiscal records, said Bush was "a prolific tax cutter, but he let spending rise quickly toward the end of his tenure." Tax increases: Bush upset conservatives when he told the U.S. House Budget Committee in 2012 that he could live with a small tax ...
Jeb Bush: coming to a free world near youGQ.com

all 1,779 news articles »

Congress extends temporary tax breaks - Press Herald

Wed, 12/17/2014 - 5:08am

Congress extends temporary tax breaks
Press Herald
It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates. The 54 tax breaks benefit big corporations and small businesses, as well as struggling homeowners and people who live in states without a ...

Millennial View: Congress knee-caps the IRS - SouthCoastToday.com

Wed, 12/17/2014 - 4:27am

Millennial View: Congress knee-caps the IRS
SouthCoastToday.com
Spending on tax collections — unlike almost any other kind of federal spending — is, unequivocally, arithmetically good for reducing deficits. And yet, year after year, Congress continues to cut IRS funding. The agency's appropriations in the 2015 ...
Rampell: Congress continuously hurts nation by defunding IRSArizona Daily Star
Tax Rates Will Rise After Congress Defunds IRS And Complicates Tax CodeInvestor's Business Daily
Catherine Rampell commentary: By shorting IRS, Congress will need to raise taxesColumbus Dispatch

all 16 news articles »

113th Congress ends with more fights than feats - KXAN.com

Wed, 12/17/2014 - 4:23am

113th Congress ends with more fights than feats
KXAN.com
Across-the-board spending cuts designed to be so painful that they would force the two parties to negotiate deficit reduction took effect anyway, attempts to overhaul the tax code went nowhere, and each chamber passed a budget that the other ignored.

In final 2014 push, Congress renews tax breaks - WCBD

Wed, 12/17/2014 - 3:20am

In final 2014 push, Congress renews tax breaks
WCBD
It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates. The 54 tax breaks benefit big corporations and small businesses, as well as struggling homeowners and people who live in states without a ...

113th Congress ends with more fights than feats - Sacramento Bee

Wed, 12/17/2014 - 2:36am

Sacramento Bee

113th Congress ends with more fights than feats
Sacramento Bee
Across-the-board spending cuts designed to be so painful that they would force the two parties to negotiate deficit reduction took effect anyway, attempts to overhaul the tax code went nowhere, and each chamber passed a budget that the other ignored.

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113th Congress Ends With More Fights Than Feats - New York Times

Wed, 12/17/2014 - 2:36am

113th Congress Ends With More Fights Than Feats
New York Times
Across-the-board spending cuts designed to be so painful that they would force the two parties to negotiate deficit reduction took effect anyway, attempts to overhaul the tax code went nowhere, and each chamber passed a budget that the other ignored.

Congress votes to extend tax breaks through 2014 - Indianapolis Business Journal

Wed, 12/17/2014 - 1:49am

Congress votes to extend tax breaks through 2014
Indianapolis Business Journal
"This package of incentives — which applies only to 2014 — will last two more weeks before families and businesses will be thrown back into the dark about what taxes they owe," said Sen. Ron Wyden, D-Ore., chairman of the Senate Finance Committee.

Senate may confirm up to 88 federal judges in '14 - The Seattle Times

Tue, 12/16/2014 - 11:02pm

Senate may confirm up to 88 federal judges in '14
The Seattle Times
It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates. The 54 tax breaks benefit big corporations and small businesses, as well as struggling homeowners and people who live in states without a ...

and more »

Tax Extenders Vote a Bipartisan Affair - Roll Call (blog)

Tue, 12/16/2014 - 10:41pm

Roll Call (blog)

Tax Extenders Vote a Bipartisan Affair
Roll Call (blog)
Democrats including President Barack Obama spent the better part of 2013 trying to get Republicans to agree to more revenue as part of a budget deal, but are now signing on to deficit expansion for the sake of tax breaks that will expire, again, in two ...

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Congress votes to extend tax breaks through 2014 - SunHerald.com

Tue, 12/16/2014 - 10:15pm

Congress votes to extend tax breaks through 2014
SunHerald.com
The package now goes to President Barack Obama, who is expected to sign it. It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates. The 54 tax breaks benefit big corporations and small ...

Congress votes to extend tax breaks through 2014 - TheNewsTribune.com

Tue, 12/16/2014 - 9:49pm

Congress votes to extend tax breaks through 2014
TheNewsTribune.com
The package now goes to President Barack Obama, who is expected to sign it. It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates. The 54 tax breaks benefit big corporations and small ...

Congress Votes to Extend Tax Breaks Through 2014 - ABC News

Tue, 12/16/2014 - 9:24pm

Congress Votes to Extend Tax Breaks Through 2014
ABC News
The package now goes to President Barack Obama, who is expected to sign it. It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates. The 54 tax breaks benefit big corporations and small ...

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