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

    Trump's Tax Cuts: Success, Failure or Too Soon to Judge?

    Get ready, tax geeks. The American Enterprise Institute, a right-leaning think tank, has just launched a new blog series examining the impact of the Trump tax reform. “Clearly, the only thing certain...

  • 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,...

  • Paul Ryan with tax return postcard

    IRS Pulls the Plug on the Postcard Tax Form

    By Michael Rainey

    As they pushed their tax overall package in 2017, Republican leaders would sometimes display a tax form printed on a postcard as proof that the Tax Cuts and Jobs Act would simplify life for millions...

  • Taxes

    Raise Taxes on the Rich? Why Dems May Need to Think Bigger

    As they head into their second round of primary debates tonight, Democrats are having the wrong argument about taxes, argues Monica Prasad, a sociology professor at Northwestern University’s...

  • Senator Elizabeth Warren delivers a major policy speech  in Washington

    How Much Would Warren’s Ultra-Millionaire Tax Really Raise?

    Elizabeth Warren says her proposed wealth tax — 2% on Americans with assets above $50 million, or 3% for those with more than $1 billion — would raise $2.75 trillion over 10 years, based on estimates...

  • No Love for Public Campaign Financing

    By Michael Rainey

    If you didn’t check off the "Presidential Election Campaign" box on your tax form this year, you’re not alone. The percentage of filers who have elected to direct a few dollars to the Presidential...

  • President Donald Trump delivers remarks on the Infrastructure Initiative in Richfield

    The Problem with Trump's Populism

    By The Fiscal Times Staff

    The New York Times’s Jonathan Martin and Maggie Haberman write that President Trump’s actions as president haven’t matched his populist rhetoric — and that, as the 2020 elections grow nearer,...

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