Einstein once said, “The hardest thing to understand in the world is the income tax.”
While there is not much we can do to help you better understand the filing process, we can help you understand how your tax dollars are being spent. The chart below shows how tax revenue is divided up among federal programs. The problem is that... Read More
Representative Paul Ryan (R-WI), Chairman of the House Budget Committee, introduced a fiscal year 2015 budget proposal today and is expected to hold a committee vote on it tomorrow. The proposed budget would eliminate the deficit by 2024, largely through $5.1 trillion in spending cuts.
A substantial portion of the spending cuts stem from the repeal of Obamacare, which would... Read More
Two weeks ago, President Obama submitted his fiscal year 2015 budget request to Congress, which included funding for the Department of Defense. The department’s budget request includes a number of cost reductions achieved through efficiencies, personnel cuts, and reducing weapon modernization programs. These cuts are necessary for the department to comply with the $496 billion spending cap included in last... Read More