Taxes
  • Did the GOP Tax Cuts Really Boost the Economy?

    By Michael Rainey

    The Republican tax cuts have been cited as an important factor in the jump in economic growth in 2018, but a new analysis by Bloomberg Economics suggests they played a much smaller role than their...

  • Onlookers watch as the largest container ship in world, CSCL Globe, docks during its maiden voyage, at the port of Felixstowe in south east England

    Trump’s Tax Cuts Are Driving Up the Trade Deficit

    By Michael Rainey

    President Trump’s efforts to reduce the trade deficit don’t seem to be working – and his fiscal policies are almost certainly making the situation worse. The U.S. trade deficit in goods hit its...

  • Deficit Increases in First 4 Months of Fiscal Year

    By The Fiscal Times Staff

    The budget deficit between October 2018, when the current fiscal year began, and January 2019 was $310 billion, a 77 percent increase from the same period a year earlier, the Treasury Department said...

  • Eighty-four percent of Americans receiving refunds intend to pay down debt, save or invest.

    Why You Don’t Want to Mess with Americans’ Tax Refunds

    By Michael Rainey

    Amid the controversy over the tax refunds the IRS is paying out this year, new research from the JPMorgan Chase Institute underscores the important role tax refunds play in the financial lives of...

  • A Brazil fan covers his face after the team's 2014 World Cup semi-finals against Germany at the Mineirao stadium in Belo Horizonte

    Tissues by the Case: How Accountants Are Handling Tax Season

    By The Fiscal Times Staff

    More accountants are finding themselves the bearers of bad news this tax season as clients see the results of their 2018 tax returns, the first under the Republican tax overhaul. Although most filers...