Taxes
  • The rising cost of existing tax breaks could add about $3 trillion dollars to the federal debt by 2020.

    Most Americans Aren’t Feeling the Tax Cuts Yet

    By Michael Rainey

    Only a quarter of registered voters are seeing the effects of the recently passed tax cuts in their paychecks, according to a Politico/Morning Consult poll released Wednesday. The majority of...

  • July 21, 2014

    Are We Turning the Dials the Wrong Way?

    “Federal fiscal policy is entering uncharted territory,” Goldman Sachs economists Alec Phillips and Blake Taylor warned Sunday in a research note. Their title: “What’s Wrong with Fiscal Policy?” You...

  • U.S. President Trump sits at his desk before signing bills at the White House in Washington

    Tax Overhaul Gaining Support

    By Michael Rainey

    The public is slowly warming to the Republican tax overhaul, according to a new survey from The New York Times . Approval has risen to 51 percent, up from 46 percent in December, likely driven at...

  • Tax Cuts Help Drive Corporate Buybacks to Record High

    By Michael Rainey

    Companies are buying their own stocks at a record pace this year, according to Birinyi Associates, an investment firm in Westport, Connecticut. U.S. corporations announced $170.8 billion in stock...

  • A woman pumps gas at a station in Falls Church

    A Bridge Too Far? Trump May Back Raising the Gas Tax

    By Michael Rainey

    President Trump might be open to raising the gas tax by 25 cents a gallon to raise money for infrastructure projects, but the idea faces a long, tough road at best . While the influential Chamber of...

  • Veterans Affairs Secretary David Shulkin speaks in Washington

    VA Chief Misused Taxpayer Money: Report

    The Trump administration, already embroiled in controversy over its handling of the domestic violence allegations against senior White House aide Rob Porter, now faces a new scandal: Veterans Affairs...

  • The Best of Twitter’s #TaxValentines

    Seeing the #TaxValentines hashtag on Twitter got our hearts all aflutter today. Here are some of the tweets we loved best. If you can top these, send your submissions to yrosenberg@thefiscaltimes.com...

  • Mulvaney listens as U.S. President Donald Trump meets with members of the Republican Study Committee at the White House in Washington

    Can Mick Mulvaney Still Call Himself a Deficit Hawk?

    Mick Mulvaney, director of the White House Office of Management and Budget, may have just put out a budget proposal that never reaches balance and that projects more than $7 trillion in deficits over...

  • Delaware’s Tax Cut Gold Rush Is Coming to an End

    By Michael Rainey

    Since late 2017, hedge fund and private equity executives have created thousands of shell companies in America’s most forgiving tax jurisdiction in what appears to be an effort to game the Republican...

  • FILE PHOTO:  Fannie Mae headquarters is seen in Washington, DC, U.S. on February 21, 2014.  REUTERS/Kevin Lamarque/File Photo

    Fannie Mae Whacked by New Tax Rules

    By Michael Rainey

    The Republican tax overhaul took a big bite out of Fannie Mae, the mortgage giant that has been managed by the federal government since the 2008 financial crisis. The new tax rules forced Fannie Mae...

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