Tax Foundation economist Will McBride discusses the two major competing plans for the federal budget: President Obama's proposal and the Republican budget championed by House Budget Committee Chairman Rep. Paul Ryan.
On January 3, President Obama signed the American Taxpayer Relief Act into law, averting much of the fiscal cliff of higher taxes and expiring provisions.[1] About 56 pages of the 157-...
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President Obama just announced at a press conference that he has directed Treasury Secretary Jack Lew to demand the resignation of the Acting IRS Commissioner, Steven Miller. CNN then obtained Miller's resignation letter...
In a press conference this weekend, Minnesota lawmakers announced an overview of their budget agreement. Though some details remain unspecified, the major tax provisions are disappointing.
Here’s what we do know....