Tag: Treasury Department

Sen. Rand Paul's office chronicled more than $560 million of wasteful spending in the federal budget, from taxpayer support for clown schools in Argentina, to develop a down marker that counts from 1st down to 4th down in LED lights, and building an expanded parking lot for a casino in Apache, Okla. (iStock Photos)

Uncle Sam as Santa Claus: Wasteful spending under the tree

Washington Examiner · December 28, 2017 5:01 am

Calling the prank an "act of political theater," psychologist Robby Strong said he wanted draw attention to a number of national issues with the manure. (AP Photo/Alex Brandon)

Man who delivered gift-wrapped manure to Steven Mnuchin’s home: It was an ‘act of political theater’

Katie Leach · December 25, 2017 8:04 pm

Implementing the tax overhaul will prove a major task for President Trump's Treasury Secretary Steven Mnuchin. (AP Photo/Pablo Martinez Monsivais)

The economy is running strong and could get stronger

Joseph Lawler · December 25, 2017 5:01 am

Police were called after a suspicious package was delivered at the home of Treasury Secretary Steve Mnuchin. (AP Photo/Alex Brandon)

Gift-wrapped horse manure delivered to Steve Mnuchin’s home for Christmas

Kelly Cohen · December 24, 2017 6:04 pm

President Trump has not signed the GOP's new tax reform legislation, but payroll companies have begun coordinating with the IRS and Treasury about how to implement withholding for the lower tax rates. (iStock)

New tax rates could show up in paychecks as soon as February

Joseph Lawler · December 20, 2017 11:10 pm

Sen. Lisa Murkowski, R-Alaska, has celebrated the inclusion of an energy measure in the GOP tax bill that would allow for limited drilling in the 1002 section of the Arctic National Wildlife Refuge in Murkowski's home state.

Lisa Murkowski: Tax bill marks GOP victory in 38-year fight to open Arctic drilling

John Siciliano · December 20, 2017 12:32 am

The IRS cannot predict what loopholes and workarounds corporations and individuals might find under the revised tax code Republicans are expected to pass Tuesday. (Andrew Harrer/Bloomberg)

IRS to get massive new workload when GOP tax bill becomes law

Joseph Lawler · December 19, 2017 11:00 am

Without full funding, many small, local businesses, like food trucks, will not get opportunities. (iStock photo)

An entrepreneurial program at risk in budget talks

Luz Urrutia · December 18, 2017 5:01 am

Former President Barack Obama address the participants at a summit on climate change involving mayors from around the globe Tuesday, Dec. 5, 2017, in Chicago. The conference comes after President Trump said the U.S. will pull out of the Paris agreement. (AP Photo/Charles Rex Arbogast)

National Security

Obama derailed campaign targeting Hezbollah to secure nuclear deal with Iran: Report

Caitlin Yilek · December 18, 2017 12:19 am

"The reason why we are lowering the top rate is because we are getting rid of lots of lots of deductions," he said, "and there's a big part of the country that has state and local taxes that we are getting rid of." (AP Photo/Susan Walsh)

Steven Mnuchin defends lower tax rate for wealthiest earners

Kyle Feldscher · December 17, 2017 2:39 pm

The Senate tax reform bill closes the loophole that allows foreign insurers to avoid paying American taxes on life insurance policies sold to American consumers in American markets. The House version keeps it open. And now it waits on the chopping block. If it survives, it may be due to the efforts of one senior staffer, Barbara Angus (pictured above). She certainly knows all the decision makers.

Beltway Confidential

The Republican lobbyist working on the inside to preserve the tax loophole for foreign insurance companies

Philip Wegmann · December 14, 2017 1:03 am

This 2017 photo displays the U.S. Treasury Department building in Washington, D.C. A legislative proposal passed 289-135 in the House of Representatives which will require Treasury Department officials to publish a report chronicling the financial assets of Iran's top leaders. (AP Photo/Pablo Martinez Monsivais)

House votes to have Treasury Department publish Iranian leaders’ assets

Joel Gehrke · December 13, 2017 10:36 pm