Taxes
  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    Boxed In by Trump, GOP Hurtles Toward a Shutdown

    By Michael Rainey

    House Republicans considered moving forward with a bill that would have given President Trump the $5 billion he has demanded for border wall construction, but it looks like they’re leaving town...

  • Marco Rubio, 44

    Marco Rubio’s Surprise Critique of the GOP Tax Bill

    By Michael Rainey

    Sen. Marco Rubio (R-FL) tackled the decline of the American dream in an essay published by The Atlantic Thursday, and in doing so offered some sharp criticism of the 2017 Republican tax overhaul – a...

  • Moody’s Warns of Declining US Fiscal Strength

    By The Fiscal Times Staff

    Trump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...

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

    Inside the Remarkable — and Costly — Decline of the IRS

    By Michael Rainey

    Weighed down by budget cuts and staff reductions, the number of audits performed by the Internal Revenue Service has been dropping for years. A new report from ProPublica and The Atlantic takes a...

  • 		<strong>Repair cost for 2011-2012</strong>: $238.36 <br /><strong>Overall rank</strong>: 11<br /><strong>Common repair problems</strong>: Inspect for loose fuel cap and tighten or replace as necessary; replace fuel pressure regulator (average repair cos

    Taking the Sting Out of a New Tax on Nonprofits

    By Michael Rainey

    Under the 2017 tax law, some churches, charities and other nonprofit organizations are being hit with a new tax on the value of transportation benefits provided to employees, including free parking...

  • 18. District of Columbia

    4 Lessons from the GOP Tax Bill

    By The Fiscal Times Staff

    The Wall Street Journal’s Theo Francis says that while the Republican tax bill signed by President Trump a year ago has produced some obvious effects for U.S. businesses, including a solid boost to...

  • GM says other defective ignition switch made in China

    Why GM Pays Almost No Federal Income Tax

    By Michael Rainey

    General Motors has earned billions of dollars in the decade since its bankruptcy and bailout, but thanks to a provision in the tax code called "net operating loss carryforward," it has paid very...

  • One Simple Reason the GOP Tax Bill Has Stalled

    By Michael Rainey

    Republicans hold the majority in the House for a few more weeks, but that numerical advantage doesn’t mean much if lawmakers don’t show up to vote. Politico’s Brian Faler says that dozens of...

  • Sen. Schumer attends a news conference on Amtrak funding on Capitol Hill in Washington

    No Deal on Trump's Border Wall as Lawmakers Scramble to Avoid a Shutdown

    By Michael Rainey

    As negotiations to avoid a partial government shutdown next week continue, Democratic lawmakers have rejected a Republican proposal to spend $5 billion on the border wall over two years. “No matter...

  • Brady sits for an interview with Reuters journalists in Washington

    GOP Tax Bill Running Out of Time

    By Michael Rainey

    The tax bill introduced this week by outgoing House Ways and Means Chair Kevin Brady (R-TX) faces a tough and increasingly narrow road ahead. Politico’s Brian Faler reports that several top...

Taxes Directory