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Former Biden Administration Economists Launch New Budget Lab

A huge tax fight is looming as a slew of 2017 Republican tax cuts are scheduled to expire at the end of 2025 — and, as Natasha Sarin writes at The Washington Post, the government’s budgetary scorekeepers will play a key role in determining how that fight plays out. “Analysts at the Congressional Budget Office (CBO), the Joint Tax Committee and other groups ‘score’ the cost of — and savings from — different policy options. How much money would a tax on the rich bring in? How much would eliminatin

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Opinion | Trump's tax cuts are expiring soon. Let's be smart about what's next.

Opinion | Trump's tax cuts are expiring soon. Let's be smart about what's next.
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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The 'Billionaire Tax Rate' Is Not 8.2 Percent

A viral claim relies on a misleading definition of income.

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An Explicitly Redistributive Budget for an Election Year

An Explicitly Redistributive Budget for an Election Year
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Biden Again Claims Billionaires Pay 8 Percent in Taxes — It's Nonsense, and Wealthy Democrats Know It

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Douglas Andrews: Debunking Biden's 'Billionaire' Tax Canard

The president has been telling lies again, and even The Washington Post's lefty "fact-checker" is calling him on it.

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Mid-Day Digest

THE FOUNDATION "To the haranguers of the populace among the ancients, succeed among the moderns your writers of political pamphlets and news-papers, and your coffee-house talkers." —Benjamin Franklin (1767) On this day in Patriot history in 1945, a young soldier named Audie Murphy was wounded in...

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Fact check: Biden keeps saying billionaires pay 8 percent in taxes. Not really.

“Look, folks, you know how many billionaires we have in America today? One thousand. You know what their average rate - tax rate - federal tax rate is? Federal tax rate is 8.5 percent. Raise your hand if you’d trade your tax rate for 8.5 percent. I’m serious. Think about this. There’d be $40 billion raised if they even pay 25 percent.” - President Biden, remarks in Raleigh, N.C., Jan. 18Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.

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Biden keeps saying billionaires pay 8 percent in taxes. Not really.

Biden keeps saying billionaires pay 8 percent in taxes. Not really.
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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America might have to worry about its federal budget deficit and debt

America rarely has its financial ducks in a row. But the 2023 deficit was extra high and a variety of factors, from interest rates to Social Security, are shifting the landscape. Will Republicans and Democrats finally have to act?

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