Taxes

A Warning About the Next Economic Crisis from Leaders Who Battled the Last One

By Yuval Rosenberg

Three top officials who helped steer the U.S. through the financial crisis a decade ago warned Tuesday that, while the banking system has clearly been strengthened, policymakers might find it harder...
Kevin Brady: We’re On Track for Tax Cuts 2.0

By Michael Rainey

Republicans plan to vote on a second round of tax cuts in September, House Ways and Means Committee Chairman Kevin Brady (R-TX) told Fox Business Network’s Maria Bartiromo Wednesday morning. Brady...
GOP Tax Cuts Aren’t Boosting Wages

By Michael Rainey

Inflation-adjusted wages have fallen for three straight quarters on a year-over-year basis, according to data released by the Labor Department Tuesday. MarketWatch’s Steve Goldstein provided a chart...
Kudlow: Tax Cuts 2.0, 3.0 and 4.0 May Be Coming

By Yuval Rosenberg

Larry Kudlow, director of President Trump’s National Economic Council, sat down for a wide-ranging interview with CNBC’s Jim Cramer Wednesday morning in New York. Kudlow made headlines last month by...
The White House Makes a ‘Trillion-Dollar Admission’

By Yuval Rosenberg

The White House Office of Management and Budget on Friday released its updated annual budget request , known as the mid-session review. The numbers don’t mean much given that the president’s budget...

4 Blue States Sue Over GOP Tax Law

By Michael Rainey

Four states sued the federal government Tuesday, claiming that the new $10,000 limit on state and local tax (SALT) deductions is an “unconstitutional assault on states’ sovereign choices.” The suit...
Treasury Rule Change Protects ‘Dark Money’ Donors

By Yuval Rosenberg

The U.S. Treasury said Monday that it will no longer require certain tax-exempt organizations to identify their donors to the IRS. The policy change will free labor unions and other groups, including...
Stock Buybacks Soar to Another Record

By Michael Rainey

U.S. companies announced more than $346 billion in share buybacks in the second quarter of 2018, according to data released by the investment research firm TrimTabs last week, shattering the previous...
Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study

By Michael Rainey

Although Republicans have sold their tax cuts as a sure-fire way to create jobs and boost incomes for middle- and working-class Americans, a recent economic study casts more doubt on that still-...
Government Revenues Drop as Tax Cuts Kick In

By Michael Rainey

Corporate tax receipts in June were 33 percent lower than a year ago, according to data released by the Treasury Department Thursday, as companies made smaller estimated payments due to the reduction...

How Americans Think the Trump Tax Cuts Will Affect Them This year

By Yuval Rosenberg

The Federal Reserve Bank of New York surveyed heads of households about the new tax law. It found that about 37 percent expect their financial situation will improve over the next 12 months as a...
Tax Cuts Vs. Gas Prices

By Michael Rainey

Most Americans haven’t noticed much of a tax cut windfall in their paychecks, but there’s a good chance they’re noticing gas prices as they climb toward $3 a gallon, and that could have negative...
Corporate Tax Cuts a ‘Gift That Keeps on Giving’

By Michael Rainey

If the first quarter financial results are any indication, the Republican tax cuts are providing larger-than-expected benefits for American corporations, says Bloomberg’s Stephen Gandel . And if the...
Map of the Day: Beer Taxes in Every State

By The Fiscal Times Staff

Taxes are the largest single part of the retail price of beer, accounting for roughly 40 percent of what consumers pay at the register, according to the sounds-awfully-fun-to-work-at Beer Institute...
Why Companies Aren’t Investing Their Tax Cut Windfalls

By Michael Rainey

We’re five months into the new business tax system in the U.S., and while companies are clearly pleased with the drop in the top rate to 21 percent, they’re not quite sure what to do with the cash...