Taxes
  • The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009. REUTERS/Chip East/Files

    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...

  • Your Gym Membership Could Soon Be a Tax Break

    By The Fiscal Times Staff

    A bipartisan bill passed by the House Ways and Means Committee on Thursday would allow taxpayers to claim new tax breaks for gym memberships, exercise classes and other fitness expenses, The Wall...

  • FILE PHOTO: U.S. Senator Lee questions Supreme Court nominee Gorsuch during Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington

    Some GOP Senators Want to Slash Gas Taxes — and Federal Highway Spending

    By Michael Rainey

    Republican Sens. Mike Lee, Marco Rubio and Ted Cruz introduced a bill Tuesday that would dramatically reduce federal involvement in transportation systems in the U.S. The Transportation Empowerment...

  • Taxes

    The Steep Costs of Tax Cuts Since 2001

    By Michael Rainey

    Tax cuts enacted since the turn of the 21 st century have added nearly $6 trillion to the deficit while disproportionately benefiting wealthy households, according to a new study from the Institute...

  • Why the GOP Tax Cuts May Not Boost Growth

    By Michael Rainey

    Experts have sparred over just how much economic growth will be generated as a result of the Republican tax law, but most agree that the permanent reduction in corporate tax rates and temporary drop...

  • GOP Lawmakers Push to Make It Harder to Raise State Taxes

    Republican state lawmakers are taking preemptive action to make it harder for Democrats to raise taxes and enact a progressive agenda if they score big election victories this year. The Washington...

  • Could California’s Gas-Tax Battle Decide Who Controls Congress?

    By The Fiscal Times Staff

    California lawmakers last year passed a 12-cent gasoline tax to fund a campaign to fix the state’s roads and bridges. Now, The New York Times’ Adam Nagourney reports, a ballot measure to repeal the...

  • Worrying About the Next Recession

    When will the next recession hit? It’s been more than nine years since the Great Recession officially ended , and the U.S. economy is about a year away from passing the 1990s expansion to become the...

  • A congressional aide places a placard on a podium for the House Republican's legislation to overhaul the tax code on Capitol Hill in Washington

    GOP Tax Bill Isn’t Getting Any More Popular

    By Michael Rainey

    Public support for the Republican tax law is falling, according to a new poll from Politico and Morning Consult. Just 37 percent of the 1,989 registered voters polled June 22-24 said they support the...

  • File photo of House Ways and Means Committee Chairman Brady questioning witness at Joint Economic Committee hearing in Washington

    The Timetable for Round Two of Tax Reform

    At a Washington Post event Tuesday marking the six-month anniversary of the GOP tax plan, Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee, laid out his timetable for the...

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

    Churches Hit by New Tax Law

    By Michael Rainey

    Non-profits including churches and synagogues are being hit with a new tax thanks to a rule change that went into effect this year. The Republican tax legislation passed last December imposed a 21...

  • Paul Ryan with tax return postcard

    Postcard Tax Form Off to a Rough Start

    By Michael Rainey

    The Treasury Department is expected to release its long-promised “postcard” tax form this week, but the reviews of a draft version published by The New York Times suggest that Republicans have a long...

  • President Donald Trump speaks to the media after the Congressional Republican Leadership retreat

    Republicans Want to Talk About Taxes – but Trump Keeps Changing the Subject

    By Michael Rainey

    Every week, Republican lawmakers plan to promote the tax cuts and the surging economy, and every week President Trump sparks some kind of controversy that utterly dominates the news cycle. Dave...

Taxes Directory

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