Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one ...

Multiple analyses project that the bill would increase deficits by $3 trillion to $4 trillion over the next decade.

The U.S. federal government is awash in tax revenue. Last year, the national government took nearly $5 trillion in taxes from we the people. The real problem is on the spending side: Last year ...

The nonpartisan Congressional Budget Office (CBO) released an analysis that broke down the changes in federal spending and tax revenue, which found that the former far outpaced the latter.

The gap between federal revenue and government spending widened to more than $1.3 trillion in the first half of the fiscal year, driven by a record amount of spending on the public debt.

Both parties are complicit, but it is the left’s relentless push for government expansion, social programs, and reckless spending that ... 51.6% of total federal revenue. When you hear the ...

It also could point to potential new revenue streams ... that decides the spending plans, approves the bills that authorize federal programs and funds them through the appropriations process.

The “budgeteer” didn’t know yet how things would shake out, but the person was adamant that weak revenues combined ... discretionary spending by less than 1%. The federal government is ...

In an era of mounting federal debt and widespread inefficiencies in government spending, it’s time to ... income taxes to rethink how they raise revenue. Of course, this reform would face ...