Taxes
  • 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...

  • District of Columbia

    Spending Up, Revenue Down

    By Michael Rainey

    Politicians argue about whether the U.S. has a revenue problem (taxes too low) or a spending problem (spending too high), but in historical context, it looks like the answer might be “both.” The...

  • Obama administration proposes new limits on tax-exempt political groups

    IRS Budget Cuts Led to Billions in Lost Corporate Tax Revenue: Study

    IRS budget cuts are costing the U.S. government substantially more in tax collections than they save, according to a new study highlighted by USA Today . Researchers at the Indiana University Kelley...

  • Why Americans Won't Vote for Carbon Taxes

    By Michael Rainey

    Earlier this year, dozens of well-known economists backed a proposal to use a carbon tax as part of the federal policy response to global warming. Carbon taxes are generally popular with policy wonks...

  • A screen shows the numbers after the closing bell at the New York Stock Exchange (NYSE) in New York

    The Market Flashes a Recession Signal: Does the Economy Need New Stimulus?

    By Michael Rainey

    Investors scrambled for cover Wednesday as the bond market flashed a signal that a recession may be on the way, sending stocks sharply lower, with the Dow Jones Industrial Average falling 800 points...

  • US Taxes Lower Than in Most Developed Countries

    By Michael Rainey

    The Tax Policy Center on Monday released a chart that reminds us once again that taxes are lower in the U.S. than in most developed nations – and that was true even before the Republican tax cuts...

Taxes Directory

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