Taxes
  • Chickens for sale are seen in cages in a shop in Sao Paulo, Brazil August 18, 2017.  REUTERS/Paulo Whitaker

    It Looks Like Chickens Aren't Cash as Far as the IRS Is Concerned

    By Michael Rainey

    The IRS appears to have settled one of the most vexing – or at least joke-worthy – questions it has faced in recent years: Are live Peruvian chickens the equivalent of cash? The question arose as U.S...

  • Treasury Gears Up for a Borrowing Binge

    By Michael Rainey

    As the federal deficit rises, the U.S. Treasury plans to borrow $329 billion between July and the end of September, and another $440 billion in the last three months of the year. If those numbers...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    The Problem with Indexing Capital Gains to Inflation

    By The Fiscal Times Staff

    Douglas Holtz-Eakin, the president of the conservative American Action Forum and former director of the Congressional Budget Office, raises a number of questions about the latest tax-cutting idea...

  • Fiscal Policy Gives the Economy a Boost

    By Michael Rainey

    Federal, state and local fiscal policies boosted GDP growth by 0.6 percentage points in the second quarter, according to an analysis by the Hutchins Center on Fiscal & Monetary Policy at the...

  • White House Distances Itself from Big Tax Cut for the Wealthy

    By Michael Rainey

    The New York Times reported Monday that the Trump administration was considering bypassing Congress to enact another big tax cut that would mainly benefit the wealthy. The White House pushed back on...

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