Budget Battles
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Florida’s New GOP Governor Wants to Import Cheaper Prescription Drugs from Canada
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For 2020 Dem Hopefuls, ‘Medicare-For-All’ Is A Defining Issue, However They Define It
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Baby Boomers Will Drive Health Care Spending to Nearly $6 Trillion a Year by 2027
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Voter Support for 'Medicare for All' Plunges: Poll
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Medicare, Medicaid Control Costs Better Than Private Insurers: Study
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SOTU 2019: 3 Important Things Trump Said, and 1 Big Thing He Didn’t
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Ideas To Curb Surprise Medical Bills Percolate With Rare Bipartisan Push
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Higher Taxes on the Rich? Americans Overwhelmingly Say Yes
President Trump has sought to tar Democrats as socialists, and his 2020 campaign spokesperson responded to Bernie Sanders’ announcement Tuesday that he’s making another bid for the White House by...
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Bernie Sanders Says He’s Running Again. Why 2020 Will Be Different Than 2016.
Sen. Bernie Sanders (I-VT) announced Tuesday that he’s making another run for the Democratic presidential nomination. Among the items on the 77-year-old democratic socialist’s 2020 agenda: enacting a...
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Elizabeth Warren Proposes Universal Child Care, Paid for by Taxing Millionaires
Sen. Elizabeth Warren (D-MA), who’s running for the 2020 Democratic presidential nomination, on Tuesday unveiled a universal child care plan that would cap families’ expenses at 7 percent of income...
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Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'
By Michael RaineyPresident Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
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Poll of the Day: Democrats and Taxes
By The Fiscal Times StaffDemocrats and Republicans receive roughly equal grades when it comes to the question of which party is best suited to handle taxes, according to an analysis by Navigator , a polling and research...
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Amazon Pulls the Plug on NYC Headquarters
By Michael RaineyAmazon is canceling its plan to build a corporate campus in New York City, the company announced Thursday. The decision comes following months of local criticism of the project, in which the company...
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The Great Debt Debate: How Dangerous Is It?
By Michael RaineyMIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
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Why Smaller Tax Refunds Could Ding the Economy
By Michael RaineyAlthough tax season has only just begun, early data from the IRS shows that the average individual tax refund is 8.4 percent smaller so far this year. Some critics have been quick to blame the...
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Shutdown Makes a Bad Situation Worse at the IRS
By Michael RaineyA new report from National Taxpayer Advocate Nina E. Olson says that the 35-day government shutdown just before the start of the tax season produced “real harm” for taxpayers as the IRS struggled to...
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Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year
The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...
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Taxpayers Getting Smaller Refunds in First Week of 2019 Filing
By Michael RaineyThe average tax refund is down so far this year, according to IRS data covering the first week of the 2019 filing season. Last year, returns generated an average refund of $2,035, while this year the...
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Revisit the $10,00 Cap on SALT Deductions? Trump Says Maybe, Key Senator Says No
President Trump on Wednesday said he’d be open to discussing changes to the 2017 GOP tax law’s $10,000 limit on the deductibility of state and local taxes. “There are some people from New York who...
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The Trump Tax Law Is Creating Lots of Jobs — for Tax Professionals
The GOP’s Tax Cuts and Jobs Act may not be working as promised , but it’s certainly helped generate plenty of new jobs for tax lawyers and accountants, The Wall Street Journal’s Richard Rubin reports...
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Democrats Unveil Their ‘Green New Deal.’ Here’s What It Does – and Doesn’t Do
By Michael RaineyRep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) released their much-anticipated proposal for a Green New Deal Thursday. Framed as a response to the challenges of global warming, the 14...
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Are Democrats Really Going ‘Socialist’?
By Michael RaineyPresident Trump earned a rousing cheer from Republican lawmakers during his State of the Union address when he proclaimed, “America will never be a socialist country.” His proud declaration echoed...