• A general view of the U.S. Internal Revenue Service (IRS) building in Washington

    Spending Bill Includes $320 Million for IRS to Implement Tax Law

    By Michael Rainey

    A frequent target of Republican scorn, the IRS has seen its budget cut significantly in recent years. But the spending deal for 2018 boosts the agency’s budget by $196 million compared to 2017, for a...

  • 22. Construction Superintendent

    Who Benefits from ‘Opportunity Zones’?

    By Michael Rainey

    Governors have until today to nominate “opportunity zones” that are intended to bring investment capital and jobs to low-income communities in their states. The GOP tax bill established rules for the...

  • Will Ancient IRS Technology Eat Your Tax Refund?

    By Michael Rainey

    An essential piece of software involved in processing millions of tax returns for the IRS is “old enough to be a grandparent,” reports Nextgov , and officials are worried about what would happen if...

  • Chart of the Day: US Household Income

    By Michael Rainey

    The Congressional Budget Office released a new report Monday on the distribution of income in the U.S. Ignoring means-tested transfers and federal taxes, the average household income in 2014 was $19,...

  • Democrats’ New Weapon in the Tax Wars: Interactive Maps

    By Michael Rainey

    The political battle over the effects of the Republican tax cuts is heating up, with Democratic lawmakers on the Joint Economic Committee releasing a set of interactive maps Monday designed to show...

  • Waste, Waste, Glorious Waste

    Monthly Deficit Hits a 6-Year High

    By Michael Rainey

    The federal government’s budget deficit rose to $215 billion in February, the largest monthly deficit since 2012. The shortfall was driven by both higher spending and lower revenues. Government...

  • Are Wages Increasing in the Wake of the Tax Cuts?

    By The Fiscal Times Staff

    Are wage gains picking up or just puttering along? According to Ben Casselman of the The New York Times, that’s a hard a hard question to answer, due in large part to poor quality data that that is...

  • Computer on fire

    What We're Reading: March 12, 2018

    By The Fiscal Times Staff

    Here's what we have our eye on today: NEWS Trump Wants a ‘Phase Two’ of Tax Cuts – CNBC Congress Has Until March 23 to Fund the Government. Three Ways This Could Go – Vox The First Target on Drug...

  • GOP Tax Bill Could Destabilize State Revenues

    By Michael Rainey

    State and local tax revenues grew at a significantly faster pace in the final quarter of 2017, according to preliminary data analyzed by the Rockefeller Institute of Government . The bump may be...

  • FILE PHOTO: The U.S. Capitol building is lit at dusk ahead of planned votes on tax reform in Washington, U.S., December 18, 2017.   REUTERS/Joshua Roberts/File Photo

    Fixing the Tax Bill: Errors, Uncertainty and an Opportunity for Democrats

    The GOP tax bill needs some fixing. The massive tax cut, rushed through Congress late last year, includes “a host of errors and ambiguities … that businesses big and small are just now discovering...

Taxes Directory

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