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...

  • Why Companies Aren’t Investing Their Tax Cut Windfalls

    By Michael Rainey

    We’re five months into the new business tax system in the U.S., and while companies are clearly pleased with the drop in the top rate to 21 percent, they’re not quite sure what to do with the cash...

  • Office of Management and Budget Director Mick Mulvaney testifies before the House Budget Committee about President Donald Trump's 2018 budget proposal on Capitol Hill

    Mulvaney: Democratic Criticism of CHIP Clawbacks Is Pure Hypocrisy

    Mick Mulvaney is firing back at Democratic critics of the White House’s plan to cut $15.4 billion in spending, including $7 billion in unspent funding for the Children’s Health Insurance Program. In...

  • Tax Cuts Fuel Record Bank Profits

    By Michael Rainey

    Thanks in part to the tax cuts taking effect this year, banks insured by the Federal Deposit Insurance Corporation reported record earnings of $56 billion for the first quarter of 2018. That...

  • Global Dealmaking on Path to New High

    By Michael Rainey

    The tax cuts are providing a big boost for corporate dealmaking, as t he lower corporate tax rate and the repatriation of foreign holdings free up cash that companies can use to make new investments...

  • 3 Big Risks the US Faces as Debt Levels Soar

    By Yuval Rosenberg and Michael Rainey

    In a new note to clients, Goldman Sachs economists say that U.S. fiscal outlook “is not good.” If you’re reading this you likely already knew that the picture isn’t pretty — but the new Goldman Sachs...

Taxes Directory

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