Taxes
  • 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...

  • Investors Look Beyond the Corporate Tax Cut Windfall

    By The Fiscal Times Staff

    In a research report released on Friday, Goldman Sachs says that the “passage of tax reform in December 2017 caused the strongest surge of S&P 500 earnings revisions on record,” but the reduction...

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

    Trump’s Tariffs Could Gobble Up Trump’s Tax Cuts

    By Michael Rainey

    The tariffs on steel and aluminum that Trump administration plans to impose on foreign trade partners including Canada, Mexico and the European Union are inspiring a round of retaliatory measures...

  • Chart of the Day: Which States Collect the Most in Income Taxes

    By The Fiscal Times Staff

    The Tax Foundation’s Katherine Loughead looks at per capita state and local individual income tax collections: "On average, state and local governments collected $1,144 per person from individual...

  • Corporate Profits Get a Big Boost from the Tax Cuts

    By Michael Rainey

    The business tax cuts that went into effect in January had a significant effect on corporate profits in the first quarter of 2018, according to new data released by the Bureau of Economic Analysis...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    Why Republican Tax Cuts Are a Problem

    By The Fiscal Times Staff

    The Washington Post’s Jared Bernstein argues that the United States’ main fiscal problem can be boiled down to this: “our tax structure does not collect enough revenue to support the government...

Taxes Directory

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