Taxes
  • U.S. President Trump speaks at a House Republican retreat in Baltimore, Maryland, U.S.

    Trump Touts ‘Inspirational’ Middle Class Tax Cut

    By Michael Rainey

    President Trump said Thursday that he is working on a new tax cut for middle-class households, to be unveiled “sometime in the next year.” Speaking to lawmakers at a GOP retreat in Baltimore, Trump...

  • 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...

  • Mark Sanford speaks at the LPAC conference in Chantilly, Virginia

    Trump Gets a Fiscally Focused Challenger

    By Michael Rainey

    Mark Sanford announced Sunday that he is running for president, becoming the third Republican to challenge President Trump for the nomination in 2020. The former South Carolina congressman said he...

  • Op-Ed of the Day: Fighting the Next Recession Now

    By The Fiscal Times Staff

    Jason Furman, the former chairman of the White House Council of Economic Advisers under President Obama, has some advice for Congress: Start preparing for the next recession now. In a Wall Street...

  • U.S. President Trump presents Presidential Medal of Freedom to NBA Hall of Famer West at the White House in Washington

    Does Trump Have an Agenda for 2020 Besides Winning Re-election?

    In a tweet earlier this week, President Trump urged the Democratic-controlled House to move past what he calls “witch hunt” investigations and “get back to work on drug prices, healthcare,...

  • A Permanent Payroll Tax Cut?

    With the Trump administration reportedly considering a temporary payroll tax cut to boost the economy and ward off a potential recession, Marc Goldwein of the Committee for a Responsible Federal...

  • Are Republican Voters Done With Tax Cuts?

    By Michael Rainey

    The White House is reportedly mulling another tax cut in the form of an inflation adjustment on capital gains and President Trump has promised a middle-class tax cut if Republicans sweep the 2020...

  • U.S. President Trump speaks while meeting with NATO Secretary General Stoltenberg in the Cabinet Room at the White House in Washington

    Will Trump Cut Taxes for the Rich Again?

    President Trump is apparently still considering a plan to cut taxes by indexing capital gains to inflation — even after Trump had appeared to publicly reject such a move last month for fear that it...

  • A sign marks the U.S Treasury Department in Washington

    Should the US Issue 100-Year Bonds?

    By Michael Rainey

    Treasury Secretary Steven Mnuchin said Wednesday that the U.S. is considering issuing ultra-long U.S. bonds – debt in 50- or 100-year durations. “If the conditions are right, then I would anticipate...

  • Can a Divided Congress Step Up to Fight a Recession?

    The Congressional Budget Office projected last week that the deficit for the current fiscal year will rise to $960 billion, or 4.5% of gross domestic product, up from $779 billion (3.9% of GDP) last...

  • U.S. President Trump speaks to reporters as he departs for travel to Kentucky from the South Lawn of the White House in Washington

    Trump Flip-Flops on Further Tax Cuts

    President Trump said Wednesday that he’s no longer looking to cut payroll taxes, reversing comments he made a day earlier when he indicated that he was considering those and other tax changes. “I’m...

Taxes Directory

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