The 2014 budget that President Barack Obama proposed today is all about creating jobs and boosting the economy, the president said today. His budget, he said, replaces the cuts of sequetration with “smarter ones.” It builds new roads and bridges,...
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Photograph by Chip Somodevilla/Getty Images
Senate Budget Committee staff members hand out copies of the Obama Administration's proposed FY 2014 federal budget in the Dirksen Senate Office Building on Capitol Hill April 10, 2013 in Washington, DC.
Obama: ‘Not a Lot of Smoke and Mirrors’
Photograph by Andrew Harrer/Bloomberg
Copies of the Fiscal Year 2014 Budget sit on a pallet at the U.S. Government Printing Office in Washington, D.C. on April 8, 2013.
Bush Debt Load Endorsed by Republicans Now Rejected
By Jonathan Nicholson When Republicans and Democrats describe each other’s budgets, a person could be forgiven for thinking the plans are as far apart as possible. Republicans say putting the budget into balance by 2023 is necessary to help get...
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Photograph by JB Reed/Bloomberg
A woman smokes a cigarette in New York.
Tobacco Tax Opposed Before Proposed
While President Barack Obama won’t submit his 2013-14 budget to Congress until April 10, some proposals have already drawn the ire of groups that would be affected by his proposals. Tobacco companies and the stores that sell their products oppose...
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Photograph by Daniel Acker/Bloomberg
A copy of the U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2011 tax year belonging to President Barack Obama and his wife, first lady Michelle Obama.
Obama’s Pay Cut (Tax Break)
Talk about a circular transaction. President Barack Obama could be able to claim a tax break for his decision to return 5 percent of his salary to the government. Obama is giving back part of his $400,000 in salary in solidarity with federal...
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Photograph by Paramount/Everett Collection
Star Trek
IRS Star Trek Video: Beam It Up
In the voyages of the Starship IRS, this was a malfunction. The Internal Revenue Service said late today that a “Star Trek” parody video sought by congressional investigators “did not reflect the best stewardship of resources.” Rep. Charles Boustany, a Louisiana...
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Photograph by Katherine Frey/The Washington Post via Getty Images
Congressman Dave Camp with Warren Payne, Policy Director for the Committee, right, before a hearing prep in the House Ways and Means Capitol office in Washington, DC.
House Won’t Pass Tax Bill Without Code Overhaul: Beeman
Senate Democrats’ attempts to raise taxes this year will run into a problem: a House determined to starve it of revenue bills. Under the Constitution, revenue measures must start in the House, limiting the Senate’s ability to raise or lower...
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Photograph by Win McNamee/Getty Images
Speaker of the House John Boehner speaks during a press briefing March 14, 2013 at the Capitol in Washington, DC.
Boehner: Tax Talk ‘Over’
Updated at 11:30 am EDT House Speaker John Boehner has given at the office. And he’s not giving any more on taxes, he reasserted today. The Ohio Republican, in an interview with ABC News’ Martha Raddatz airing on “This Week”...
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Photograph by Carolyn Kaster/AP Photo
House Budget Committee Chairman Rep. Paul Ryan, R-Wis., holds up a copy of the 2014 Budget Resolution as he speaks during a news conference on Capitol Hill in Washington on March 12, 2013.
Ryan Needs $5.7 Trillion in Taxes to Meet Budget Goals: Policy Center
House Republicans would need to eliminate about $5.7 trillion in tax breaks over the next decade to meet the targets in their budget, the nonpartisan Tax Policy Center said today. The budget, which will be on the House floor next...
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Photograph by David Paul Morris/Bloomberg
Larry Ellison, chief executive officer of Oracle Corp., at the Oracle OpenWorld 2011 conference in San Francisco.
Techs, Pharmaceuticals Seek Territorial Taxation
Technology and pharmaceutical companies such as Cisco Systems, Oracle and Johnson & Johnson have formed a new coalition to push for lighter taxes on income earned outside the U.S. The LIFT America Coalition — that’s Let’s Invest for Tomorrow —...
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Photograph by Andrew Harrer/Bloomberg
Representative Paul Ryan, a Republican from Wisconsin, holds a copy of the Fiscal Year 2013 Budget while chairing a House Budget Committee hearing in Washington in this Feb. 16, 2012 file photo.
Washington Daybook: Ryan’s Savings
The Treasury Department will update the size and scope of the federal budget problem when it reports on February’s deficit, with economists surveyed by Bloomberg saying it could be more than $200 billion. House Budget Committee Chairman Paul Ryan, a...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
