The law did not eliminate the charitable deduction in name. It rendered it functionally useless for anyone who does not already have enough deductions to clear the standard deduction threshold on their own.
The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
The New York Fed's Survey of Consumer Expectations indicated that one-year inflation expectations rose to 3% in March, with gas price expectations jumping to 9%, the highest since March 2022.
Low- and middle-income families and small businesses accounted for well over half of the U.S. population, yet they paid a disproportionate share of their incomes to the government due to IEEPA tariffs.
Rep. Glenn Ivey of Maryland stated that the threats of total annihilation against Iran were 'beyond the pale,' highlighting the severity of the situation and the need for congressional oversight.
The interchamber tensions between Democrats are becoming a regular feature of funding fights in the second Trump term. Lawmakers, strategists and voters alike exploded in anger last March when Senate Minority Leader Chuck Schumer and a handful of colleagues allowed a spending package to move forward amid the Elon Musk-led DOGE assault on federal agencies. In November, tempers again flared when a handful of Senate Democrats joined with Republicans to end a record 43-day shutdown.
US president says massive' fraud has caused budget imbalance, but calculations do not support this. United States President Donald Trump has claimed that unearthing and ending fraud nationwide would eliminate the country's deficit. In particular, Trump has highlighted alleged public services fraud by Somalis in Minnesota and also said there is fraud in many other places. If we stop this fraud, this massive fraud, we're going to have a balanced budget, Trump said on Tuesday during a speech at the Detroit Economic Club.
These new restrictions-which can be found throughout the appropriations bill for the Department of Education and other sections of the 11-part funding package that was signed into law last week-are part of what policy experts describe as a bipartisan attempt to rebuke the Trump administration's budget proposal and restore Congress's power of the purse. Historically, the language of these budget bills has largely stayed the same, serving as little more than a template into which lawmakers plug that year's dollar amounts and policy riders.
Despite months of warnings from party members up and down the caucus that President Donald Trump has been "lawless," "destructive, and "authoritarian" in his wielding of power both domestically and abroad, 149 Democratic members of the US House of Representatives on Thursday night joined with 192 Republicans to pass a sweeping military spending bill - a vote that progressive critics say exposes the fecklessness and hypocrisy of what claims to be an opposition party.
