Taxes
  • Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

    By Michael Rainey

    President Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...

  • 		<p>Limit itemized deductions to 15 percent, with special provisions to maintain incentives for charitable giving.</p>    <p>      <strong>Broader benefits to U.S. economy</strong>      <br />Raises revenue more efficiently by reducing tax expenditures;

    Poll of the Day: Democrats and Taxes

    By The Fiscal Times Staff

    Democrats and Republicans receive roughly equal grades when it comes to the question of which party is best suited to handle taxes, according to an analysis by Navigator , a polling and research...

  • Amazon unveils effort to develop original TV shows

    Amazon Pulls the Plug on NYC Headquarters

    By Michael Rainey

    Amazon is canceling its plan to build a corporate campus in New York City, the company announced Thursday. The decision comes following months of local criticism of the project, in which the company...

  • The Great Debt Debate: How Dangerous Is It?

    By Michael Rainey

    MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...

  • Eighty-four percent of Americans receiving refunds intend to pay down debt, save or invest.

    Why Smaller Tax Refunds Could Ding the Economy

    By Michael Rainey

    Although tax season has only just begun, early data from the IRS shows that the average individual tax refund is 8.4 percent smaller so far this year. Some critics have been quick to blame the...

  • Work crews work to replace a bridge over the Massachusetts Turnpike in Boston

    A Fiscal Hawk Argues for Infrastructure Investment

    By Michael Rainey

    The stimulus from the GOP tax cuts and the bipartisan increase in federal spending in 2018 is starting to fade, says Diane Swonk, chief economist at the tax and advisory firm Grant Thornton. Writing...

  • Tax-Cut's Benefits Shrinking for Some U.S. Companies

    By The Fiscal Times Staff

    Some U.S. corporations have overestimated the windfall they’ll receive from the 2017 tax law, The Wall Street Journal’s Theo Francis and Richard Rubin report . In one example, Las Vegas Sands Corp...

  • Potential 2020 Democratic presidential candidate Warren speaks in Manchester

    Soaking the Rich: Your Guide to America's Next Big Debate

    Sparked by progressive proposals from Sens. Elizabeth Warren and Bernie Sanders and Rep. Alexandria Ocasio-Cortez, the great fiscal debate of the moment is over taxing the wealthy to reduce economic...

  • U.S. Sen. Bernie Sanders is interviewed by Reuters reporters at his office on Capitol Hill in Washington

    Bernie Sanders Proposes 77% Estate Tax on Billionaires

    By Michael Rainey

    Sen. Bernie Sanders (I-VT) added to the rapidly growing pile of proposals to increases taxes on the wealthy Thursday, introducing a bill that would significantly expand the reach of the estate tax...

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

    Trump's History-Making Deficits

    By Michael Rainey

    A dozen Bloomberg opinion writers on Thursday offered their evaluations of President Trump’s performance over his first two years in office, with former Bloomberg editor-in-chief Matthew Winkler...

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