Taxes

Government Has Been a Drag on the Economy – but That’s About to Change

By Yuval Rosenberg

The U.S. economy is about a year away from breaking the 1990s record for the longest expansion in U.S. history — and yet the recovery from the Great Recession has also been among the weakest growth...
Senate Republicans on the Push for Tax Cuts 2.0: Meh

By Yuval Rosenberg

House Republicans are forging ahead with plans for another round of tax cuts this year. Senate Republicans say they’ve got other things to deal with, The Wall Street Journal’s Richard Rubin reports...
A Warning About the Next Economic Crisis from Leaders Who Battled the Last One

By Yuval Rosenberg

Three top officials who helped steer the U.S. through the financial crisis a decade ago warned Tuesday that, while the banking system has clearly been strengthened, policymakers might find it harder...
Kevin Brady: We’re On Track for Tax Cuts 2.0

By Michael Rainey

Republicans plan to vote on a second round of tax cuts in September, House Ways and Means Committee Chairman Kevin Brady (R-TX) told Fox Business Network’s Maria Bartiromo Wednesday morning. Brady...
GOP Tax Cuts Aren’t Boosting Wages

By Michael Rainey

Inflation-adjusted wages have fallen for three straight quarters on a year-over-year basis, according to data released by the Labor Department Tuesday. MarketWatch’s Steve Goldstein provided a chart...

Kudlow: Tax Cuts 2.0, 3.0 and 4.0 May Be Coming

By Yuval Rosenberg

Larry Kudlow, director of President Trump’s National Economic Council, sat down for a wide-ranging interview with CNBC’s Jim Cramer Wednesday morning in New York. Kudlow made headlines last month by...
The White House Makes a ‘Trillion-Dollar Admission’

By Yuval Rosenberg

The White House Office of Management and Budget on Friday released its updated annual budget request , known as the mid-session review. The numbers don’t mean much given that the president’s budget...
4 Blue States Sue Over GOP Tax Law

By Michael Rainey

Four states sued the federal government Tuesday, claiming that the new $10,000 limit on state and local tax (SALT) deductions is an “unconstitutional assault on states’ sovereign choices.” The suit...
Treasury Rule Change Protects ‘Dark Money’ Donors

By Yuval Rosenberg

The U.S. Treasury said Monday that it will no longer require certain tax-exempt organizations to identify their donors to the IRS. The policy change will free labor unions and other groups, including...
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...

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

By Yuval Rosenberg

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

By Yuval Rosenberg

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...
Hitting the Gas: 7 States Raise Fuel Taxes

By Yuval Rosenberg

Seven states raised their gas taxes Sunday. “The reasons for these increases vary, but most will inject new funds into infrastructure maintenance and construction projects,” according to Carl Davis,...