• Public Investment Is the Key to Avoiding Economic Stagnation: Report

    By Michael Rainey

    Economic stagnation on a global scale is a growing threat, according to a new report from the Organization for Economic Co-operation and Development (OECD). The group’s November economic outlook...

  • FILE PHOTO: Democratic presidential candidate Senator Elizabeth Warren speaks during the fourth U.S. Democratic presidential candidates 2020 election debate at Otterbein University in Westerville, Ohio U.S.

    Pushing Back Against the Wealth Tax at the Dem Debate

    By Michael Rainey

    Sen. Elizabeth Warren defended her proposed wealth tax at the Democratic presidential debate on Wednesday night: “I’m tired of freeloading billionaires,” Warren said . “I think it's time that we ask...

  • Social Security and Medicare taxes

    Democrat's New Taxes Wouldn't Hit Just Billionaires

    By Michael Rainey

    Some Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...

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

    An Easy Way to Get $1 Trillion More in Tax Revenue?

    By Michael Rainey

    The first step in reforming the U.S. tax system doesn’t involve raising rates or eliminating deductions, say former Treasury Secretary Lawrence Summers and Penn Law professor Natasha Sarin. Instead,...

  • FedEx cuts forecast as air freight weakness hits profit

    FedEx Battles New York Times Over Trump’s Tax Cuts

    By Michael Rainey

    The New York Times published a piece Saturday highlighting the huge windfall FedEx received from the 2017 GOP tax cuts — and the company’s CEO isn’t happy with the analysis. According to the Times,...

  • District of Columbia

    Are Tax Cuts or Spending Hikes Driving the Deficit?

    By Michael Rainey

    Republican tax cut enthusiasts are generally unwilling to link the 2017 Tax Cuts and Jobs Act to the rapidly growing federal deficit, preferring instead to point the finger at spending increases that...

  • Trump Still Mulling Capital-Gains Tax Cut: Report

    President Trump is apparently still considering a plan to cut capital-gains taxes. The Wall Street Journal’s Andrew Restuccia and Kate Davidson report that Trump was set to discuss with his economic...

  • The $15 Trillion Phantom

    By Michael Rainey

    A staggering amount of foreign direct investment is really just “phantom” capital passing through corporate shells, typically to avoid taxes, according to a new study published by economists at the...

  • New York City Mayor Bill de Blasio delivers remarks at his 2018 Inaugural Ceremony at City Hall in Manhattan, New York

    Bill de Blasio Calls for a Robot Tax

    In a piece for Wired , the peripatetic New York mayor and Democratic presidential candidate warns that “automation in our economy is increasing far faster than most people realize, and its impact on...

  • U.S. Treasury Secretary Mnuchin discusses the Trump administration's budget plan during the Peterson Foundation's 2017 Fiscal Summit  in Washington

    Mnuchin Talks More Tax Cuts

    By Michael Rainey

    Treasury Secretary Steven Mnuchin said Monday that a White House push for another round of tax cuts is a possibility in 2020. “And regards to a middle-class tax cut, you know, we’ll be looking at tax...

Taxes Directory

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