Taxes
  • 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...

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

    Shutdown Makes a Bad Situation Worse at the IRS

    By Michael Rainey

    A new report from National Taxpayer Advocate Nina E. Olson says that the 35-day government shutdown just before the start of the tax season produced “real harm” for taxpayers as the IRS struggled to...

  • Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year

    The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...

  • District of Columbia

    CBO Offers 121 Ways to Shrink the Deficit

    By The Fiscal Times Staff

    The Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...

  • 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...

Taxes Directory

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