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  • The $844 Billion Mystery in Trump’s Budget

    Unlike in previous years, the White House budget proposal released Monday didn’t include a detailed plan to replace major portions of Obamacare. It did include what Ricardo Alonso-Zaldivar of the...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    In Search of the ‘Disappearing Corporate Income Tax’

    Lawmakers clashed on Tuesday over the performance of the 2017 Tax Cuts and Jobs Act in a House Ways and Means Committee hearing titled “The Disappearing Corporate Income Tax,” with Democrats arguing...

  • Copies of U.S. President Donald Trump's FY2021 budget proposal on display in Capitol Hill in Washington, U.S.

    Trump’s $4.8 Trillion Fiscal Fantasy

    The Trump White House on Monday released a $4.8 trillion budget for 2021 that calls for steep reductions in spending on safety net programs including Medicaid while proposing greater outlays for the...

  • Cut Red Tape to Help Rein in Federal Deficits

    The Budget and Economic Outlook report published late last month by the Congressional Budget Office (CBO) should set off alarm bells, as it predicts trillion-dollar annual deficits for the...

  • Chart of the Day: Discretionary Spending Droops

    The federal government’s total non-defense discretionary spending – which covers everything from education and national parks to veterans’ medical care and low-income housing assistance – equals 3.2...