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Spending Caps Could Come Roaring Back in 2020

Congress has busted through its self-imposed spending caps for this year and next, enabling the government to spend billions more that the limits imposed by the Budget Control Act of 2011. The...
Cost of Trump’s Military Parade Rising Fast

It looks like President Trump’s military parade is going to cost a lot more than the initial estimate suggested – about $80 million more. The Department of Defense pegged the cost of the parade at...

Why Pensions Are the Hot New Tax Shelters

Traditional pension plans are being used by some doctors, lawyers and other wealthy small business owners to shield hundreds of thousands of dollars in income from taxes, Bloomberg’s Ben Steverman...
Congress Puts Spending Bills in Gear

Congress is on pace to do something it hasn’t done in more than 20 years: pass all of its spending bills before the fiscal year begins on October 1. How they’re doing it: In order to move the...
Quote of the Day: Time to Raise Taxes?

“Tax revenue as a percentage of gross domestic product is expected to be 16.5 percent next year. The long-term average in a full-employment economy is 18.5 percent of GDP; if revenue were at that...
Surprise Medical Bills Even for Patients with Insurance

Patients with comprehensive health insurance are still getting hit with unforeseen and often substantial out-of-network bills, according to a new study by the Kaiser Family Foundation. KKF analyzed...
Happy Birthday, Social Security!

President Franklin D. Roosevelt signed the Social Security Act into law 83 years ago today, August 14, 1935. Here are some key facts about the program, courtesy of the Center on Budget and Policy...