Taxes
  • A cyclist passes the U.S. Capitol in Washington

    Growth of US Debt Slows, but Record Levels Still Ahead

    By Michael Rainey

    The national debt will reach “unprecedented levels” over the next 30 years, according to the new long-term budget outlook released Tuesday by the Congressional Budget Office. Federal outlays will...

  • U.S. Democratic presidential candidate Beto O'Rourke speaks at a rally in Los Angeles

    Beto O'Rourke Proposes 'War Tax'

    By Michael Rainey

    Democratic presidential candidate Beto O’Rourke is proposing to create a “war tax” that would fund a trust fund dedicated to veterans’ benefits including health care and disability compensation. The...

  • Democratic 2020 U.S. presidential candidate Senator Bernie Sanders speaks onstage at the Presidential Candidate Forum hosted by NALEO at Telemundo Center in Miami

    Bernie Sanders Goes Big on Student Debt Forgiveness

    Bernie Sanders is taking the idea of student debt cancelation to a new level. The Vermont senator and Democratic presidential candidate unveiled a plan on Monday that would have the U.S. government...

  • Blue States Millionaires Would Be Big Winners from SALT Cap Repeal

    By Michael Rainey

    Some lawmakers from high-tax blue states want to repeal the $10,000 cap on state and local tax deductions imposed by the Tax Cuts and Jobs Act, but according to the Joint Committee on Taxation, doing...

  • Billionaires: Please Tax Us More

    By Michael Rainey

    A group of extraordinarily wealthy Americans that includes Facebook co-founder Chris Hughes, Walt Disney Company heiress Abigail Disney and investor and philanthropist George Soros have issued a...

  • Is Big Government Making a Comeback?

    By Michael Rainey

    Recognizing a growing hostility toward major social welfare programs, President Bill Clinton famously announced that “the era of big government is over” back in 1996. Twenty years later, Democratic...

  • FILE PHOTO: U.S. Democratic presidential candidate and former Vice President Joe Biden campaigns for the 2020 Democratic presidential nomination in Pittsburgh

    Democrats More Likely to Chip Away at the GOP Tax Cuts Than Repeal Them

    By Michael Rainey

    While some Democratic presidential candidates have talked about repealing the Tax Cuts and Jobs Act in full, Bloomberg’s Laura Davison says that if the balance of power in Washington shifts in 2020,...

  • Donations to Charities Drop After Trump Tax Law

    By Michael Rainey

    Americans gave less money to charity in 2018 and some experts think the GOP tax overhaul is to blame. Total donations fell 1.7% in inflation-adjusted terms to $427.7 billion last year, according to...

  • Corporate Tax Receipts Continue Their Slide

    By The Fiscal Times Staff

    “Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases,”...

  • Flush with Tax Revenue, States Prepare for the Next Recession

    U.S. states got hammered by the Great Recession, but they’re now better prepared than ever for the next economic downturn, according to a report released Thursday by the National Association of State...

  • FILE PHOTO: U.S. Democratic presidential candidate and former Vice President Joe Biden campaigns for the 2020 Democratic presidential nomination in Pittsburgh

    Biden Slams Amazon as Prime Example of Broken Tax System

    By Michael Rainey

    Democratic presidential candidate Joe Biden took aim Thursday at the way companies pay taxes in the U.S., citing Amazon as an exemplar of a deeply flawed system that allows billion-dollar companies...

  • U.S. President Trump celebrates with Congressional Republicans after passage of GOP tax bill at the White House in Washington

    How Washington Stopped Worrying About the Debt

    By Michael Rainey

    A major attitude shift has washed over Washington, The Wall Street Journal’s Kate Davidson and Jon Hilsenrath wrote Thursday: “Political support for taming federal debt has melted away.” Not so long...

  • 7 Ways to Fix America’s Fiscal Mess

    Tackling the $22 trillion national debt can be done in very different ways. Underscoring that point, the Peter G. Peterson Foundation, a non-profit, non-partisan organization focused on increasing...

  • Did Corporations Really Need the Tax Cuts?

    By Michael Rainey

    Critics of the Republican tax overhaul said they while tax cuts might provide a sugar high for the economy in the short run, large corporations didn’t really need the boost since most were already in...

  • Is It Even Possible to Tax the Rich More?

    Proposals to hike taxes on the rich have long elicited a predictable response, New York Times columnist David Leonhardt writes : “It will wreck the economy.” That argument has become less common,...

Taxes Directory

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