Budget Battles
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Trump Wants to Get More Aggressive With His Drug-Pricing Proposal
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‘Medicare for All’ Is a Loser at the Polls, Analysis Finds
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Elizabeth Warren Says Americans Will Spend $11 Trillion on Health Care. Is That True?
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The Horrifying Number of Americans Who Can’t Afford Their Prescription Drugs
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Americans Want Lower Drug Prices, but Lawmakers Can’t Agree on a Fix
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Hillary Clinton: Warren’s Medicare for All Plan Won’t Ever Get Enacted
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Pete Buttigieg's Path to Lower Hospital Prices
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Tax Break for Poor Neighborhoods Is Helping Build a Superyacht Marina
By Michael RaineyThe 2017 Tax Cuts and Jobs Act created special “opportunity zones” that give investors generous tax breaks in exchange for investing in low-income neighborhoods. The purpose of the tax law is “to...
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Elizabeth Warren Escalates Her Battle With Billionaires
By Michael RaineyElizabeth Warren’s proposed wealth tax has ruffled quite a few feathers among America’s billionaire class, and her rhetorical battle with the superrich entered a new phase Wednesday when investor...
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Trump Eyes New Middle-Class Tax Cut – and a Massive Break for the Rich
President Trump’s economic advisers are considering whether he should make the promise of a middle-class tax cut a central element of his reelection campaign, according to various reports. The...
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Elizabeth Warren Says Americans Will Spend $11 Trillion on Health Care. Is That True?
By Michael RaineyElizabeth Warren says that Americans will spend “about $11 trillion on insurance premiums, copays, deductibles and uncovered medical expenses” over the next 10 years if the current health care system...
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Mark Sanford Ends 2020 Presidential Bid Challenging Trump
Former South Carolina Rep. Mark Sanford suspended his longshot presidential bid on Tuesday, 65 days after he announced he would challenge President Trump for the 2020 Republican nomination. A fiscal...
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What Warren’s Wealth Tax Would Do to Billionaires
By Michael RaineyElizabeth Warren says her wealth tax – 2% on household wealth over $50 million, rising to 6% on household wealth over $1 billion – would raise trillions of dollars to pay for new social programs,...
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What Bill Gates Gets Wrong About Wealth Taxes
Elizabeth Warren wasn’t the only one pushing back on Bill Gates’s comments about her wealth tax proposal. The New York Times Editorial Board notes that tax rates were considerably higher when Gates...
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Buttigieg’s $1 Trillion Plan for Free Tuition, Child Care and Housing
By Michael RaineyDemocratic presidential contender Pete Buttigieg released on Friday more than $1 trillion worth of proposals that focus on education, housing and child care. The plans include: $700 billion for pre-K...
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Warren Offers a Wealth Tax Calculator for Worried Billionaires
By Michael RaineyElizabeth Warren’s proposed wealth tax seems to have unsettled some of the country’s wealthiest citizens, inspiring criticism from the likes of Bill Gates and Leon Cooperman — and maybe playing a...
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Hillary Clinton: Warren’s Medicare for All Plan Won’t Ever Get Enacted
Hillary Clinton said Wednesday that she doesn’t believe Elizabeth Warren’s Medicare-for-All plan would ever become law and that there are better ways to raise revenues than Warren’s proposed wealth...
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Number of the Day: $13 Billion
By The Fiscal Times StaffThat’s how much Microsoft founder Bill Gates would pay in federal taxes this year under Elizabeth Warren’s proposed wealth taxes, according to back-of-envelope calculations by CNBC’s Robert Frank (...
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Democrats Propose New Tax on Millionaires
By Michael RaineyTwo Democratic lawmakers unveiled a plan Thursday that would raise taxes on high-income households. Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia are proposing a 10-percentage...
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Medicaid Work Requirements Dealt a Loss in Elections
By Michael RaineyThe effort to impose work requirements on Medicaid beneficiaries experienced a setback Tuesday with the apparent defeat of Kentucky Gov. Matt Bevin. Bevin, a Republican, hasn’t conceded defeat in his...
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Wealthy Could See a Huge Tax Windfall if Obamacare Is Overturned
By Michael RaineyThe lawsuit by 18 state attorneys general seeking to invalidate the Affordable Care Act would provide an enormous tax cut for wealthy households if it succeeds, according to an analysis by the Center...
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Trump’s Florida Tax Move
President Trump is making Palm Beach, Florida, his primary residence. The New York Times reported Thursday that the president and first lady filed documents in late September making their Mar-a-Lago...