Taxes
  • 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...

  • 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...

  • Billionaires: Please Tax Us More

    By Michael Rainey

    A group of extraordinarily wealthy Americans that includes Facebook co-founder Chris Hughes, Walt Disney Company heiress Abigail Disney and investor and philanthropist George Soros have issued a...

  • Is Big Government Making a Comeback?

    By Michael Rainey

    Recognizing a growing hostility toward major social welfare programs, President Bill Clinton famously announced that “the era of big government is over” back in 1996. Twenty years later, Democratic...

  • FILE PHOTO: U.S. Democratic presidential candidate and former Vice President Joe Biden campaigns for the 2020 Democratic presidential nomination in Pittsburgh

    Democrats More Likely to Chip Away at the GOP Tax Cuts Than Repeal Them

    By Michael Rainey

    While some Democratic presidential candidates have talked about repealing the Tax Cuts and Jobs Act in full, Bloomberg’s Laura Davison says that if the balance of power in Washington shifts in 2020,...

  • Donations to Charities Drop After Trump Tax Law

    By Michael Rainey

    Americans gave less money to charity in 2018 and some experts think the GOP tax overhaul is to blame. Total donations fell 1.7% in inflation-adjusted terms to $427.7 billion last year, according to...

Taxes Directory

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