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...

  • Blue State Dems Push to Expand SALT Tax Break

    By Michael Rainey

    At a hearing focused on the state and local tax deduction Tuesday, the “familiar politics of taxation—in which Democrats push to raise taxes on high-income people and Republicans resist—turned topsy-...

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

    Growth of US Debt Slows, but Record Levels Still Ahead

    By Michael Rainey

    The national debt will reach “unprecedented levels” over the next 30 years, according to the new long-term budget outlook released Tuesday by the Congressional Budget Office. Federal outlays will...

  • U.S. Democratic presidential candidate Beto O'Rourke speaks at a rally in Los Angeles

    Beto O'Rourke Proposes 'War Tax'

    By Michael Rainey

    Democratic presidential candidate Beto O’Rourke is proposing to create a “war tax” that would fund a trust fund dedicated to veterans’ benefits including health care and disability compensation. The...

  • Democratic 2020 U.S. presidential candidate Senator Bernie Sanders speaks onstage at the Presidential Candidate Forum hosted by NALEO at Telemundo Center in Miami

    Bernie Sanders Goes Big on Student Debt Forgiveness

    Bernie Sanders is taking the idea of student debt cancelation to a new level. The Vermont senator and Democratic presidential candidate unveiled a plan on Monday that would have the U.S. government...

  • Blue States Millionaires Would Be Big Winners from SALT Cap Repeal

    By Michael Rainey

    Some lawmakers from high-tax blue states want to repeal the $10,000 cap on state and local tax deductions imposed by the Tax Cuts and Jobs Act, but according to the Joint Committee on Taxation, doing...

Taxes Directory

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