Taxes
  • Trump’s Infrastructure Plan Falls at Least $1.3 Trillion Short: Wharton

    By Michael Rainey

    President Trump’s $1.5 infrastructure plan calls for $200 billion in direct federal spending, with the remaining $1.3 trillion coming from state, local and private sources. But the unusual financing...

  • Australia Wants to Jump-Start Trump’s Infrastructure Plan

    By Michael Rainey

    During his visit to the White House this week, Australian Prime Minister Malcolm Turnbull is expected to propose using part of his nation’s roughly $2 trillion pension savings pool to invest in U.S...

  • 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...

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