The Fiscal Times
WebSome Medicare beneficiaries could still face significant monthly out-of-pocket costs of $325 to $430 for the drug until they hit the new $2,000 cap on annual out-of-pocket outlays. And, of course ...
IRS Unveils Plan to Crack Down on Wealthy Taxpayers
Web2 days ago · The IRS wants to increase its audit rate for taxpayers earning more than $10 million by about 50%, according to an updated operating plan released Thursday.. Relying on additional funding provided ...
What's in the $1.7 Trillion Spending Bill — and What Got Cut
WebDec 20, 2022 · Just before 1:30 a.m. Tuesday, congressional appropriators released the text of a massive, $1.65 trillion spending bill for the fiscal year that runs through September. Now lawmakers are racing to ...
Biden Forgives Another $6 Billion in Student Loans
Web2 days ago · Advertisement. The Biden administration on Wednesday announced it would erase roughly $6.1 billion in additional student loan debt. The latest round of debt forgiveness is specifically for 317,000 ...
Budget | The Fiscal Times
WebPresident Joe Biden’s new student debt relief plans are projected to cost $84 billion if enacted, according to the Penn Wharton Budget Model . That total includes about $58 billion from waiving...
Fed Holds Rates at 23-Year High as Inflation Worries Persist
Web2 days ago · Advertisement. The Federal Reserve made no changes in its interest rate policy Wednesday, holding its benchmark rate at a 23-year high amid signs of stubborn inflation in the U.S. economy ...
Why US Tax Revenues Have Been Smaller Than Expected
WebMay 8, 2023 · According to PWBM, by the end of April tax revenues were $150 billion lower in fiscal year 2023 than projected by the Congressional Budget Office. This “tax receipts gap” has two main drivers ...
Government Fiscal Responsibility Matters Now More Than Ever
WebMay 13, 2021 · Under our existing polices, the Congressional Budget Office (CBO) projects that interest on the federal debt will rise from 8% of the budget in 2020 to a staggering 26% by 2051.The Medicare trust ...
Covid Relief Bill Includes Major Tax Cuts | The Fiscal Times
WebMar 8, 2021 · The Senate version of the $1.9 trillion American Rescue Plan will cut taxes by about $3,000 on average this year, according to a new analysis by the Tax Policy Center. Families with children will ...
US Debt Tops $31 Trillion for First Time | The Fiscal Times
WebOct 4, 2022 · US Debt Reaches New Milestone, Topping $31 Trillion. The U.S. national debt topped $31 trillion for the first time on Monday, a milestone that comes nine months after it first hit $30 trillion.
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