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Taxes & Budget

Coverage of the national budget and your taxes.

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In this July 2, 2018, file photo, traffic moves on the old Gerald Desmond Bridge next to its replacement bridge under construction in Long Beach, Calif. President Donald Trump pronounced himself eager to work with Congress on a plan to rebuild America's crumbling roads and bridges, but offered no specifics during his State of the Union speech on what kind of deal he would back. (AP Photo/Jae C. Hong, File)

House Republican floats new tax as opening bid to spark infrastructure bill

In this June 22, 2017, file photo, Texas Attorney General Ken Paxton speaks at a news conference in Dallas. Paxton on Monday, Feb. 10, 2020, asked the U.S. Supreme Court to overturn a California law that forbids California state employees using taxpayer-funded business trips to expos or conferences in Texas. California adopted the sanctions in response to a 2017 Texas law allowing foster care and adoption agencies to deny services based on religious beliefs. (AP Photo/Tony Gutierrez, File)

Texas asks Supreme Court to overturn California travel ban

President Donald Trump arrives at Andrews Air Force Base, Md., on Air Force One after attending a campaign rally in New Hampshire and a casualty return for two Army soldiers killed in Afghanistan at Dover Air Force Base, in Delaware, early Tuesday, Feb. 11, 2020. (AP Photo/Evan Vucci)

Pentagon budget to fund revamped Air Force One with new paint job

Speaker of the House Nancy Pelosi, D-Calif., holds a news conference the morning after the impeachment of President Donald Trump ended in acquittal, at the Capitol in Washington, Thursday, Feb. 6, 2020. (AP Photo/J. Scott Applewhite) ** FILE **

Pelosi slams Trump's new budget for 'savage' cuts in Medicare

President Donald Trump arrives at the White House, Friday, Feb. 7, 2020, in Washington, as he returns from a trip to Charlotte, N.C. (AP Photo/Manuel Balce Ceneta)

'Shrink' government: Trump's budget reduces spending by $4.4 trillion, makes 2017 tax cuts permanent

President Donald Trump, accompanied by first lady Melania Trump, gives thumbs up as he walks on the South Lawn as they depart the White House, Friday, Jan. 31, 2020, in Washington. Trump is en route to his Mar-a-Lago resort in Palm Beach, Fla. (AP Photo/Alex Brandon)

Trump tax subpoenas unconstitutional, 'harassment,' DOJ tells Supreme Court

A masked worker and shopper wait for a street signal Friday, Jan. 31, 2020, in the Chinatown district in San Francisco. As China grapples with the growing coronavirus outbreak, Chinese people in California are encountering a cultural disconnect as they brace for a possible spread of the virus in their adopted homeland. (AP Photo/Ben Margot)

Trump administration taps 'emergency' funds to combat deadly coronavirus

Speaker of the House Nancy Pelosi of Calif., speaks during a news conference, on Capitol Hill in Washington, Thursday, Jan. 16, 2020. (AP Photo/Matt Rourke) ** FILE **

House Democrats unveil five-year $760 billion infrastructure plan; payment still a question

President Donald Trump speaks during an event with Israeli Prime Minister Benjamin Netanyahu in the East Room of the White House in Washington, Tuesday, Jan. 28, 2020, to announce the Trump administration's much-anticipated plan to resolve the Israeli-Palestinian conflict. (AP Photo/Alex Brandon)

Federal deficit to hit $1 trillion this year

This July 24, 2018, file photo shows a portion of the 1040 U.S. Individual Income Tax Return form. The IRS began accepting and processing tax returns for individuals on Monday, Jan. 27, 2020. (AP Photo/Mark Lennihan, File)

What to know for year two of the Trump tax plan

In this June 17, 2019, photo, The Supreme Court in Washington. A divided Supreme Court is allowing the Trump administration to put in place a policy connecting the use of public benefits with whether immigrants could become permanent residents. (AP Photo/J. Scott Applewhite) **FILE**

Supreme Court gives Trump go-ahead to deny immigrants who use welfare

California Gov. Gavin Newsom responds to a reporters question about his proposed 2020-2021 state budget during a news conference in Sacramento, Calif., Friday, Jan. 10, 2020.. (AP Photo/Rich Pedroncelli) ** FILE **

Trump administration threatens to cut off funds to California over abortion-coverage mandate

President Donald Trump arrives to board Air Force One for a trip to Miami to attend the Republican National Committee winter meetings, Thursday, Jan. 23, 2020, in Andrews Air Force Base, Md. (AP Photo/ Evan Vucci)

Trump vows to 'save' Social Security, not cut it

Democratic presidential candidate former South Bend, Ind., Mayor Pete Buttigieg, speaks during a town hall meeting at the University of Dubuque in Dubuque, Iowa, Wednesday, Jan. 22, 2020. (AP Photo/Gene J. Puskar)

Pete Buttigieg: Democrats should get 'a lot more comfortable' owning deficit issue

President Donald Trump speaks at a campaign rally, Thursday, Jan. 9, 2020, in Toledo, Ohio. (AP Photo/ Jacquelyn Martin)

'Very big': Defiant Trump eyes tax cuts, travel ban, trade deals in second-term agenda

In this Sept. 10, 2019, file photo, government contractors erect a section of Pentagon-funded border wall along the Colorado River in Yuma, Ariz. (AP Photo/Matt York) ** FILE **

House Dems warn of 'deepening concern' over reports to move $7B in Pentagon funds to border wall

President Donald Trump signs a trade agreement with Chinese Vice Premier Liu He, in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington. (AP Photo/Evan Vucci)

Trump signs landmark trade deal with China to fix 'wrongs of the past'

Democratic presidential candidate Michael Bloomberg greets supporters after his speech during his presidential campaign in Austin, Texas, Saturday, Jan. 11, 2020. (Lola Gomez/Austin American-Statesman via AP)

Michael Bloomberg: Elizabeth Warren's wealth tax 'just doesn't work'

President Donald Trump boards Air Force One for a trip to Milwaukee to attend a campaign rally, Tuesday, Jan. 14, 2020, in Andrews Air Force Base, Md. (AP Photo/ Evan Vucci)

Federal judge halts Democrats lawsuit seeking Trump's tax returns

Senate Minority Leader Chuck Schumer, D-N.Y., speaks to reporters at the Capitol in Washington, Tuesday, Jan. 7, 2020. (AP Photo/J. Scott Applewhite) ** FILE **

Chuck Schumer outlines concerns with 'phase-one' China deal

In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair in Miami. On Friday, Jan. 10, 2020, the U.S. government issues the December jobs report. (AP Photo/Lynne Sladky, File)

U.S. adds 145,000 jobs; unemployment holds at 3.5%

In this Sept. 18, 2019, file photo job applicants look at jobs available at Florida International University during a job fair in Miami. On Wednesday, Jan. 8, 2020, payroll processor ADP reported on how many jobs its survey estimates U.S. companies added in December. (AP Photo/Lynne Sladky, File)

U.S. companies added 202,000 jobs in December, survey shows

Rep. Alexandria Ocasio-Cortez, D-N.Y., addresses The Road to the Green New Deal Tour final event at Howard University in Washington, Monday, May 13, 2019. (AP Photo/Cliff Owen)

Taxpayer group cites AOC as 'Porker of the Year' for 2019

Census forms will be sent out in March, and the official census day is scheduled for April 1. Census Bureau officials say they have ways of dealing with partial answers, such as follow-up calls or visits and using other records or "statistical methodology." (Associated Press/File)

Americans wary of 2020 census; more than $1 trillion hangs in balance

The Trump administration and its supporters said that the consistently good economic news resulted large in part from the 2017 tax cuts. Mr. Trump is planning to introduce an additional tax-cut bill to Congress prior to the April 15 Tax Day. (Associated Press) **FILE**

Trump economy: Stocks hit record highs on second anniversary of tax cuts

President Donald Trump applauds after signing the National Defense Authorization Act for Fiscal Year 2020 at Andrews Air Force Base, Md., Friday, Dec. 20, 2019, before traveling to Mar-a-lago in Palm Beach, Fla. (AP Photo/Andrew Harnik)

Trump signs massive spending bill, avoiding a government shutdown

Mist rolls over the U.S. Capitol dome early Monday, Dec. 9, 2019, before a House Judiciary Committee hearing regarding the impeachment inquiry of President Donald Trump on Capitol Hill in Washington. (AP Photo/Patrick Semansky)

Congress passes $1.4 trillion spending packages one day before shutdown deadline

House Speaker Nancy Pelosi of Calif., speaks at a news conference to discuss the United States Mexico Canada Agreement (USMCA) trade agreement, Tuesday, Dec. 10, 2019, on Capitol Hill in Washington. (AP Photo/Andrew Harnik) **FILE**

House votes to implement Trump's NAFTA rewrite

Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Dec. 13, 2019. (AP Photo/Richard Drew) ** FILE **

Stocks roar past Trump impeachment to new records

In this file photo from Sept. 9, 2019, Gen. John W. Raymond, U.S. Air Force and commander of the U.S. Space Command, right, and Gen. Joseph F. Dunford, Jr., U.S. Marines and Chairman of the Joint Chiefs of Staff, watch during the presentation of the new U.S. Space Command colors during a ceremony to recognize the establishment of the United States Space Command at Peterson Air Force Base in Colorado Springs, Colo. (Christian Murdock/The Gazette via AP) **FILE**

Defense budget, policy bills advance on Capitol Hill

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