Taxes

Updated at 3:02 p.m. ET.

The Trump administration says it can balance the federal budget within a decade. Its proposal calls for significant cuts to social safety net programs and assumes more robust economic growth.

The administration released what it calls a "Taxpayer First" budget on Tuesday.

"This is, I think, the first time in a long time that an administration has written a budget through the eyes of the people who are actually paying the taxes," White House Budget Director Mick Mulvaney told reporters in a briefing on Monday.

The health care bill passed by the House on Thursday is a win for the wealthy, in terms of taxes.

Updated at 4:12 p.m. ET

The Trump administration Wednesday put forth a proposal that it labeled a "massive" tax overhaul, which would give big tax cuts to individuals and corporations and reduce the number of tax brackets and deductions.

Alexey Stiop, 123rf Stock Photo

  Jim Carroll started working for Kentucky’s state parks system in 1978 making $780 a month.

“So I knew the pay wasn’t good but I knew that it was a place where you could advance over time,” Carroll said. “It was stable, and retirement was part of that.”

Carroll later worked in the tourism cabinet and retired in 2009. Since then, he’s organized a group of concerned state pensioners called Kentucky Government Retirees.

Updated at 4:05 p.m. ET

This is what a president can do with the bully pulpit:

It's Tax Day. And that means another reminder of the fact that President Trump has broken with tradition and not released his tax returns.

Even as they lick their wounds from a failed Affordable Care Act repeal effort, Republican leaders in Washington are looking ahead to the next battle — over taxes.

"I would say that we will probably start going very, very strongly for the big tax cuts and tax reform," President Trump told reporters Friday. "That will be next."

Republican House Speaker Paul Ryan agreed, though he conceded that the defeat on health care was a setback.

"This does make tax reform more difficult," Ryan said. "But it does not in any way make it impossible."

Donald Trump and his wife Melania earned about $150 million in 2005 and paid federal taxes of about $38 million, the White House said tonight.

The Trump administration made the revelation after copies of the tax returns anonymously were put in the mailbox of journalist David Cay Johnston.

The numbers have not been independently verified by NPR.

US Army Corps of Engineers

Kentucky is receiving mixed reviews in a new report card looking at the nation’s aging infrastructure. The report was issued Thursday by the American Society of Civil Engineers.

President-elect Donald Trump delivered a campaign-style speech at what was billed as the first stop in a thank-you tour in Cincinnati, Ohio, tonight, in which he pledged to unite America while at the same time recounting old grievances against the news media, and his political opponents.

Trump also used the occasion to announce he will nominate retired Marine Corps Gen. James Mattis as secretary of defense, calling him "the closest thing we have to Gen. George Patton of our time."

Anna Boiko-Weyrauch

The Democratic candidate for governor in West Virginia has never held public office. Jim Justice is instead running on his record as a businessman. He runs coal mines, farms, and a luxury resort, and according to Forbes, he’s also the wealthiest person in the state, worth $1.56 billion.


Pages