Taxes
  • Senator Kamala Harris speaks during the second night of the first U.S. 2020 presidential election Democratic candidates debate in Miami, Florida, U.S.

    Kamala Harris Smacked Down a Question on How to Pay for Progressive Agenda

    Sen. Kamala Harris shook up the Democratic presidential primaries with her debate performance Thursday night. She’s widely seen as the clear winner from the second night of the debates, having...

  • Surging dollar may be triple whammy for U.S. earnings

    US Firms Still Keeping Some Overseas Profits Offshore

    By The Fiscal Times Staff

    The Tax Cuts and Jobs was supposed to remove the barriers for U.S firms to bring profits held overseas back home, enabling them to invest more heavily in the domestic economy. While there was a clear...

  • 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...

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