Taxes
  • What to Look For in Trump’s 2021 Budget: CBPP

    By Michael Rainey

    President Trump’s agenda for a possible second term is still on the drawing board, according to The Wall Street Journal’s Andrew Restucci, and aides are reportedly in the early stages of drafting...

  • U.S. President Trump delivers State of the Union address at the U.S. Capitol in Washington

    5 Whoppers From Trump’s State of the Union Address

    By Michael Rainey

    President Trump delivered a polarizing, reality-show tinged State of the Union address Tuesday in which he claimed credit for three years of solid economic growth while making more than 30 “dubious...

  • A cyclist passes the U.S. Capitol in Washington

    Fiscal Policy Still Boosting the Economy, but Not For Long

    By Michael Rainey

    Tax and spending policies at the local, state and federal level boosted economic growth in the fourth quarter of 2019, according to the newly updated Hutchins Center Fiscal Impact Measure from the...

  • The American Dream Alive and Well in ... Finland?

    By Michael Rainey

    Bernie Sanders’s opponents routinely accuse him of being a “socialist” bent on importing nefarious foreign values to the U.S., and President Trump took that approach one step further this past...

  • Bloomberg Proposes $5 Trillion in Taxes on the Rich, Corporations

    By Michael Rainey

    Michael Bloomberg released a tax plan Saturday that aims to raise $5 trillion from high-income households and corporations over 10 years to pay for new spending on education, infrastructure and...

  • Microsoft founder Bill Gates speaks during an interview at the fringes of the Reinvented Toilet Expo showcasing sewerless sanitation technology in Beijing

    Bill Gates Calls for Higher Taxes on the Rich

    Microsoft co-founder Bill Gates, the second richest person in the world, says people like him should be paying higher taxes. In a year-end blog post, Gates applauds the ongoing debate over America’s...

  • 2020 Preview: The Economic and Fiscal Picture in 10 Charts

    The economy is humming along, having grown at an average inflation-adjusted annual rate of just over 2% over the last four quarters. But it is projected to have grown more slowly this year than the 2...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Unhappy Birthday? Trump Tax Cuts Turn 2

    By Michael Rainey

    “Two years ago today, Republicans in Congress passed a sweeping tax cut,” writes NPR’s Scott Horsley. “It was supposed to be a gift-wrapped present to taxpayers and the economy. But in hindsight, it...

  • Why ‘Zombie’ Tax Breaks Are So Hard to Kill

    By Michael Rainey

    In one of Washington’s less appealing year-end rituals, lawmakers have once again passed a package of tax extenders – special tax breaks aimed at specific industries, such as race-track owners, craft...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    Most Americans Think the Tax System Is Unfair

    By The Fiscal Times Staff

    Most Americans think the tax system is unfair, according to a new report from the Pew Research Center. A Pew survey found that 62% of respondents say the federal tax system is either not at all fair...