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Spokane, Washington  Est. May 19, 1883
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Charitable giving by individual Americans drops in 2018

Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest comprehensive report on Americans’ giving patterns.

Noah Smith: Trump’s tax cut hasn’t done anything for workers

A few months ago, I cautioned that Americans should be patient before deciding what effect President Donald Trump’s tax cuts have had on the economy. It takes a while for companies to make investment decisions, more time for those decisions to be implemented and even more time for the resulting changes in labor demand to bid up workers’ wages. It therefore takes months or even years before the full impact of the tax bill will be known. But it’s also important to evaluate policies like Trump’s tax reform as quickly as possible. Not only is this critical for deciding whether to change course, but as more time goes on, the effects of a policy can become harder to assess. Two years from now, plenty of other things will have had time to affect the economy, including Trump’s trade war and natural economic forces. And now that the tax cut has been in effect for a half-year, the results are starting to trickle in.

Analysis: Tax cuts, spending to raise deficit to $1 trillion by 2019

The combined effect of President Donald Trump’s tax cuts and last month’s budget-busting spending bill is sending the government’s budget deficit toward the $1 trillion mark next year, according to a new analysis by the Congressional Budget Office.

Eye on Boise: Denney gets a do-over on his budget

Eight days after a stunned Idaho Secretary of State Lawerence Denney said lawmakers had “gutted” his budget, the Joint Finance-Appropriations Committee did a re-do, and relented on providing $1.2 million in one-time funds next year for an elections system technological upgrade.

New analysis sees return of trillion-dollar budget deficits

Trillion-dollar budget deficits are returning next year, and $2 trillion-plus deficits are not far off in the wake of President Donald Trump’s tax cuts and last month’s big budget deal, a private group warned in a new analysis Friday.

Senate passes tax-cut bill, 26-9

The Senate has voted 26-9 in favor of HB 463, the governor’s tax-cut bill, sending the measure to the governor’s desk. The nine “no” votes included all six Senate Democrats, plus three Republicans: Sens. Dan Johnson, R-Lewiston, the Senate tax chairman; Jeff Siddoway, R-Terreton, the...

Debate: ‘Much at stake,’ ‘Not a real tax cut’…

From the Senate debate so far on HB 463, the tax-cut bill: Sen. Janie Ward-Engelking, D-Boise, said, “There is much at stake when we reduce our revenue by this level.” She noted that Idaho is still restoring programs cut during the recession, from infrastructure to...

Hill to Senate: Tax policy is exciting, affects everyone…

Senate President Pro-Tem Brent Hill, R-Rexburg, a retired CPA, told the Senate, “I get excited about tax policy – I guess it’s one of my character defects. And I get excited talking about this bill.” He’s presenting HB 463, the $200 million income tax cut...