Budget, Tax and Economy

The ballooning budget deficit will spell tough choices for the start of the next presidential term.
Biden has for months been telegraphing a major shift in economic policy, and on Wednesday, made the case for a new way of thinking.
In Chicago, the president says the economy is getting past pandemic woes — even as polls show continued worry.
The director of the nonpartisan Congressional Budget Office said the data is inconclusive, echoing the Federal Reserve chairman.
The top 5% could come out ahead when higher taxes are offset by unlimited state and local tax deductions.
“Every sensible revenue option seems to be destroyed,” Sen. Bernie Sanders complained Wednesday.
Kyrsten Sinema is far from the only Democratic obstacle to the party’s original tax plan.
It’s a risky gambit ― and one that could easily backfire.
The effort to target Rep. Ed Case is another sign that the left is taking a proactive approach to passing key bills.
Senators unveiled new proposals Friday targeting stock buybacks and partnership income.