Taxes
  • FILE PHOTO: Democratic presidential candidate Senator Elizabeth Warren speaks during the fourth U.S. Democratic presidential candidates 2020 election debate at Otterbein University in Westerville, Ohio U.S.

    Pushing Back Against the Wealth Tax at the Dem Debate

    By Michael Rainey

    Sen. Elizabeth Warren defended her proposed wealth tax at the Democratic presidential debate on Wednesday night: “I’m tired of freeloading billionaires,” Warren said . “I think it's time that we ask...

  • Social Security and Medicare taxes

    Democrat's New Taxes Wouldn't Hit Just Billionaires

    By Michael Rainey

    Some Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    An Easy Way to Get $1 Trillion More in Tax Revenue?

    By Michael Rainey

    The first step in reforming the U.S. tax system doesn’t involve raising rates or eliminating deductions, say former Treasury Secretary Lawrence Summers and Penn Law professor Natasha Sarin. Instead,...

  • FedEx cuts forecast as air freight weakness hits profit

    FedEx Battles New York Times Over Trump’s Tax Cuts

    By Michael Rainey

    The New York Times published a piece Saturday highlighting the huge windfall FedEx received from the 2017 GOP tax cuts — and the company’s CEO isn’t happy with the analysis. According to the Times,...

  • FILE PHOTO - Visitors attend the 26th Monaco Yacht show in Monte Carlo port

    Tax Break for Poor Neighborhoods Is Helping Build a Superyacht Marina

    By Michael Rainey

    The 2017 Tax Cuts and Jobs Act created special “opportunity zones” that give investors generous tax breaks in exchange for investing in low-income neighborhoods. The purpose of the tax law is “to...

  • The deadline is approaching to report large foreign bank accounts to the IRS.

    Mapping Tax Havens

    By Michael Rainey

    Multinational corporations routinely shift billions of dollars around the world to reduce their tax bills. In 2016, according to researchers from the University of California at Berkeley and the...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    Repeal and Replace Trump’s Tax Cuts?

    By Michael Rainey

    The latest entry in the American Enterprise Institute’s ongoing blog series examining the Tax Cuts and Jobs Act comes from Jason Furman, the former chairman of the White House Council of Economic...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Trump's Tax Cuts: Success, Failure or Too Soon to Judge?

    Get ready, tax geeks. The American Enterprise Institute, a right-leaning think tank, has just launched a new blog series examining the impact of the Trump tax reform. “Clearly, the only thing certain...

  • U.S. President Trump speaks at a House Republican retreat in Baltimore, Maryland, U.S.

    Trump Touts ‘Inspirational’ Middle Class Tax Cut

    By Michael Rainey

    President Trump said Thursday that he is working on a new tax cut for middle-class households, to be unveiled “sometime in the next year.” Speaking to lawmakers at a GOP retreat in Baltimore, Trump...

  • District of Columbia

    Are Tax Cuts or Spending Hikes Driving the Deficit?

    By Michael Rainey

    Republican tax cut enthusiasts are generally unwilling to link the 2017 Tax Cuts and Jobs Act to the rapidly growing federal deficit, preferring instead to point the finger at spending increases that...

Taxes Directory

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