Taxes
  • Strong Economic Growth in the First Quarter, but the Devil's in the Details

    By Michael Rainey

    The U.S. economy grew at an unexpectedly strong 3.2% annual pace in the first three months of 2019, according to an initial estimate released by the Commerce Department Friday. Economists surveyed by...

  • Federal income tax rates fell during the Ronald Reagan years—no surprise there. But according to March data from the <a href="http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=226" target="_blank">Tax Policy Center</a>, rates have continued t

    GOP Tax Cuts Didn’t Change Average Refunds Much

    By Michael Rainey

    Tax-filing season is officially over and IRS data released Wednesday shows that in some key respects, tax returns and refunds this year looked a lot like tax returns and refunds last year, despite...

  • Dem Economists Push Back Against Debt Worries

    By Michael Rainey

    Just how worried should we be about the rapidly rising national debt? Last week we told you about a budget watchdog group’s effort to raise the alarm over “debt denialism” that has taken hold in some...

  • How Dark Money Groups Overwhelmed the IRS

    By Maya Miller, ProPublica

    In the past decade, people, companies and unions have dispensed more than $1 billion in dark money, according to the Center for Responsive Politics. The very definition of that phrase, to many...

  • Three Numbers That Sum Up the GOP Tax Cuts in 2018

    By The Fiscal Times Staff

    With tax season ending this week for most Americans, Howard Gleckman of the Tax Policy Center has boiled down the effects of the new tax law for the average citizen into just a few numbers. While no...