Taxes
  • 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

    In Search of the ‘Disappearing Corporate Income Tax’

    By Michael Rainey

    Lawmakers clashed on Tuesday over the performance of the 2017 Tax Cuts and Jobs Act in a House Ways and Means Committee hearing titled “The Disappearing Corporate Income Tax,” with Democrats arguing...

  • Copies of U.S. President Donald Trump's FY2021 budget proposal on display in Capitol Hill in Washington, U.S.

    Trump’s $4.8 Trillion Fiscal Fantasy

    By Yuval Rosenberg and Michael Rainey

    The Trump White House on Monday released a $4.8 trillion budget for 2021 that calls for steep reductions in spending on safety net programs including Medicaid while proposing greater outlays for the...

  • 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...

  • Work crews work to replace a bridge over the Massachusetts Turnpike in Boston

    A Fiscal Hawk Argues for Infrastructure Investment

    By Michael Rainey

    The stimulus from the GOP tax cuts and the bipartisan increase in federal spending in 2018 is starting to fade, says Diane Swonk, chief economist at the tax and advisory firm Grant Thornton. Writing...

  • Tax-Cut's Benefits Shrinking for Some U.S. Companies

    By The Fiscal Times Staff

    Some U.S. corporations have overestimated the windfall they’ll receive from the 2017 tax law, The Wall Street Journal’s Theo Francis and Richard Rubin report . In one example, Las Vegas Sands Corp...

  • Potential 2020 Democratic presidential candidate Warren speaks in Manchester

    Soaking the Rich: Your Guide to America's Next Big Debate

    Sparked by progressive proposals from Sens. Elizabeth Warren and Bernie Sanders and Rep. Alexandria Ocasio-Cortez, the great fiscal debate of the moment is over taxing the wealthy to reduce economic...

  • U.S. Sen. Bernie Sanders is interviewed by Reuters reporters at his office on Capitol Hill in Washington

    Bernie Sanders Proposes 77% Estate Tax on Billionaires

    By Michael Rainey

    Sen. Bernie Sanders (I-VT) added to the rapidly growing pile of proposals to increases taxes on the wealthy Thursday, introducing a bill that would significantly expand the reach of the estate tax...

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

    Trump's History-Making Deficits

    By Michael Rainey

    A dozen Bloomberg opinion writers on Thursday offered their evaluations of President Trump’s performance over his first two years in office, with former Bloomberg editor-in-chief Matthew Winkler...