taxes

Gleeful Democrats pulled off the perfect tax scam
Trafficking in disinformation, the party managed to poison Trump’s tax cuts

California Sen. Kamala Harris complained in a tweet Monday that “the average tax refund is down about $170 compared to last year.” What she doesn’t acknowledge is that paychecks increased, Winston writes. (Tom Williams/CQ Roll Call file photo)

OPINION — “Nobody likes to give themselves credit for this kind of messaging success, but progressive groups did a really good job of convincing people that Trump raised their taxes when the facts say a clear majority got a tax cut,” Vox senior correspondent Matthew Yglesias tweeted April 8.

Let me get this straight. Yglesias admits that Democrats misled the American people about the Republican tax cut legislation, and that’s OK with him?

White House gives Herman Cain an out on Fed amid GOP opposition
Kudlow: ‘It would probably be up to Herman Cain if he wants to stay in’

Presidential candidate Herman Cain speaks at the Family Research Council's Values Voter Summit in Washington on Oct. 7, 2011. The White House is giving him an out on a Federal Reserve seat amid mounting GOP concerns. (Bill Clark/CQ Roll Call file photo)

The White House appears to be giving Herman Cain, who was forced from the 2012 presidential race amid sexual misconduct allegations, an out in his candidacy for a seat on the Federal Reserve board of governors amid Republican senators’ mounting opposition.

President Donald Trump said earlier this month he is considering Cain for the central bank’s leadership. The president has voiced his anger with the Fed’s decisions on key interest rates, claiming it has slowed economic growth that will be key to his 2020 reelection fight. Cain is a former CEO of Godfather’s Pizza who ran for the Republican presidential nomination in 2012, but exited the race amid a slew of sexual harassment charges.

‘Renovation, what’s that all about?’ Trump asks about burning Notre Dame
Highlights of president’s most-eyebrow raising lines at economic roundtable in Minnesota

President Donald Trump greets supporters during a rally last month in Grand Rapids, Mich. On Monday, he was in another Upper Midwest state, Minnesota. (Scott Olson/Getty Images file photo)

ANALYSIS — President Donald Trump lingered on Air Force One in Minnesota on Monday, later telling workers at Nuss Truck and Equipment in Burnsville that he and others were watching coverage of the Notre Dame Cathedral in Paris engulfed in flames.

Trump said he had been briefed on the blaze, adding that it looked like “one of the great treasures of the world” was “burning to the ground. … That puts a damper on what we are about to say.”

Congress might finally help the IRS trade in its old clunkers for newer computers
Updates to the agency’s systems could provide new features and web-based solutions to taxpayers

IRS Commissioner Charles P. Rettig testifies during a House Appropriations Subcommittee on Financial Services and General Government hearing in Rayburn Building on the IRS’s budget request for Fiscal Year 2020 on Tuesday, April 9, 2019. (Tom Williams/CQ Roll Call)

IRS Commissioner Charles P. Rettig likes to compare the IRS’ past-their-prime computer systems to an aging car. In the case of this clunker, he puts the repair bill at somewhere between $2.3 billion and $2.7 billion.

That’s the cost of the IRS’ six-year modernization plan, intended to make dealing with the agency more like banking online, a goal it has attempted, and missed, in the past.

Democrats launch Tax Day ad attack aimed at GOP overhaul
Effort on Facebook signals 2018 messaging on tax law is here to stay for 2020

The DCCC is attacking Texas Rep. Pete Olson in its latest round of digital ads (Bill Clark/CQ Roll Call file photo)

To coincide with Tax Day, the Democratic Congressional Campaign Committee is rolling out digital ads on Monday attacking 12 Republicans for the GOP tax plan that passed during the 115th Congress.

The new Facebook ads, obtained first by Roll Call, signal Democrats will continue to use the 2017 tax overhaul, which passed with only Republican votes, as a key part of their economic message heading into 2020, when the party will be trying to protect their midterm gains and expand the map by investing heavily in such places as Texas.

House Democrats give IRS an extension to provide Trump tax returns
Ways and Means chairman wants six years of president’s returns by April 23

House Ways and Means Chairman Richard Neal is giving the IRS more time to turn in President Donald Trump’s tax returns. (Tom Williams/CQ Roll Call)

House Ways and Means Chairman Richard E. Neal is giving the IRS an extension until 5 p.m. on April 23 to produce the six years of President Donald Trump’s tax returns he requested earlier this month.

The Massachusetts Democrat told IRS Commissioner Charles P. Rettig in a letter Saturday that the agency has failed to produce the tax returns despite an “unambiguous legal obligation to do so” under Section 6103 of the tax code. If Rettig declines to turn over the records by the new deadline, Neal wrote that “your failure will be interpreted as a denial of my request.”

Assessing the new tax law as April 15 arrives
CQ on Congress podcast, Episode 148

Internal Revenue Service building in Washington (Bill Clark/CQ Roll Call file photo)

 

Democratic presidential hopefuls appeal for union votes
Infrastructure, apprenticeships and attacks on GOP tax law highlight conference

Sen. Elizabeth Warren speaks during the North America’s Building Trades Unions conference at the Washington Hilton on Wednesday. Many Democratic presidential hopefuls attended the conference in hopes of drawing the labor vote. (Zach Gibson/Getty Images)

“Unions are here to stay!” Massachusetts Sen. Elizabeth Warren exclaimed Wednesday to an enthusiastic crowd as leaders and members of construction unions packed a Washington Hilton ballroom to hear from nine Democrats running for president or thinking about it.

The audience at the North America’s Building Trades Unions conference heard promises to boost spending on infrastructure, expand apprenticeships, and redirect money that went for tax cuts in 2017 toward the middle class.

Kamala Harris revives tax credit push to help people pay for housing costs
2020 presidential hopeful would provide refundable tax credits

Sen. Kamala Harris, D-Calif., is reviving a housing tax credit proposal. (Bill Clark/CQ Roll Call file photo)

Democratic presidential candidate Kamala Harris is reviving her proposal to provide new tax credits to help families with high housing costs.

The California senator on Tuesday will reintroduce the Rent Relief Act, which would establish refundable tax credits in cases when rent and utilities exceed 30 percent of a household’s income.

Grassley sees chance to pass infrastructure, drug price legislation
CQ Budget Podcast, Episode 106

Sen. Charles Grassley, R-Iowa, speaks with reporters as he arrives for the Senate Republicans' lunch in the Capitol. (Photo By Bill Clark/CQ Roll Call)