By Philip Klein | 03/05/14 03:46 PM
President Obama's budget released Tuesday claims to reduce deficits by trillions of dollars, but a closer look at the details reveals that the deficit reduction is dependent on a number of gimmicks.
By Lawrence Kudlow | 03/05/14 03:30 PM
Fifty years ago last week, on Feb. 26, 1964, President Lyndon B. Johnson signed into law the sweeping tax cuts that had been championed by his predecessor, John F. Kennedy. The law brought the top marginal income tax rate down to 70 percent from 91 percent and the bottom marginal rate down to 14...
By John Stossel | 03/05/14 10:36 AM
This week, President Obama proposed "a budget that will create new jobs in manufacturing and energy and innovation and infrastructure, and we'll pay for every dime of it by cutting unnecessary spending, closing wasteful tax loopholes!"
By Gare Fineout | 03/05/14 08:56 AM
Florida legislators opened their annual 60-day session on Tuesday with legislative leaders vowing to cut taxes, expand the use of private school vouchers and make changes to the state's pension system.
03/05/14 03:46 AM
WASHINGTON (AP) — President Barack Obama is trying to have it both ways with an election-year budget that pays faint lip service to reducing federal deficits while piling on about $1 trillion in tax increases and hundreds of billions in higher spending designed to appeal to economically...
By Charlie Spiering | 03/04/14 07:30 PM
Hunters beware: President Obama's budget released Tuesday would hike duck stamp fees by $140 million over the next decade. Federal duck stamps are issued by the U.S. Fish and Wildlife Service and required for anyone older than 16 who wants to hunt migratory waterfowl. A new $15 stamp must be...
By Washington Examiner | 03/04/14 06:42 PM
Wow, that's breathtaking. President Obama's 2015 federal budget proposal, that is.
By Philip Klein | 03/04/14 05:16 PM
President Obama would increase taxes and fees by at least $1.2 trillion as part of a budget proposal released Tuesday that would bring revenue to a record level by the end of the coming decade. Below, I’ve included a breakdown of Obama’s more costly proposed tax increases. The revenue...
By Timothy P. Carney | 03/04/14 04:44 PM
A millionaire managing a hedge fund might pay a lower tax rate on income greater than $1 million than a working man pays on income over $55,000. President Obama and the top Republican tax writer, Rep. Dave Camp of Michigan, agree this inequity should end. Obama in his latest budget, and Camp...
By Zack Colman | 03/04/14 02:46 PM
President Obama moved more money into his climate-change priorities in his fiscal 2015 budget proposal, although the Environmental Protection Agency overall would receive less money.
By Susan Ferrechio | 03/04/14 02:03 PM
President Obama's $3.9 trillion budget landed with an expected thud in the Republican-led House on Tuesday, while Senate Democrats praised the package as one that would create jobs, help low-income earners, and reduce the nation's huge deficit and debt. Obama's plan echoes the Democratic...
By David M. Drucker | 03/04/14 01:32 PM
The tax reform plan from Michigan Rep. Dave Camp was unimaginable as a Republican document just a few years ago, the result of a shifting political landscape that has seen the triumph of President Obama's tax message and the influence of conservative populism. The House Ways and Means...
By Meghashyam Mali | 03/04/14 01:04 PM
At an event at Powell Elementary School in Washington, D.C., Obama said the $3.9 trillion plan followed through on his promise in February’s State of the Union address to push policies that helped the middle class and fight income inequality.
By Joseph Lawler | 03/04/14 12:30 PM
The White House set out a statement of the Democratic Party's election-year priorities Tuesday morning, unveiling a $3.9 trillion budget for fiscal 2015 that would boost spending on domestic priorities, raise taxes on the rich and shrink the military. The plan would raise taxes by almost $1...
By Philip Klein | 03/04/14 11:46 AM
President Obama on Tuesday released a budget proposal that would raise taxes and fees and rely on optimistic economic projections to increase revenue by $3.15 trillion over the next decade -- bringing federal revenue to record levels. Among the new tax hikes, the Obama budget would restrict...
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14
By Joel Gehrke | 03/08/14