Taxes
  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    The Story Behind the 2017 Tax Cuts

    By The Fiscal Times Staff

    The Center for Public Integrity has a new report examining how Republicans created and passed their tax cuts package in 2017. Here’s an overview from the piece: "What would become known as the 2017...

  • 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...