Taxes
  • Taxes

Budget Battles

  • Some workaholics actually consider this the best day of the year (other than National Clean Off Your Desk Day). The holiday is celebrated annually; this year the day of festivities is March 23.

    A New Tax on Stay-at-Home Workers?

    By The Fiscal Times Staff

    A report funded by Deutsche Bank that examines the economic recovery from the pandemic suggests that people working at home should be taxed for the privilege of doing so, in order to pay for aid to...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Election Results Signal Less Stimulus, More Gridlock

    By Michael Rainey

    Although the final numbers aren’t in yet, it looks like the 2020 election will deliver a divided Congress to whichever party claims the White House. Democratic hopes for a “blue wave” fell by the...

  • Democratic 2020 U.S. presidential candidate and former U.S. Vice President Joe Biden speaks during a meeting at Chickasaw Event Center in New Hampton, Iowa

    Joe Biden’s Economy Czar

    By Michael Rainey

    Joe Biden has a vast team of advisers working on plans to boost the economy in the event that the former vice president wins the presidential election. While some are big names who served in the...

  • White House economic adviser Larry Kudlow speaks during a meeting of the Economic Club of New York in New York

    No Pre-Election Details on Trump’s Promised Tax Cuts

    By Michael Rainey

    Add President Trump’s second term tax plan to the long list of items that he will release at some point in the future. White House economic adviser Larry Kudlow said Monday that while administration...

  • A Bad Time for Biden’s Tax Hikes? Why Joe Says No

    By Yuval Rosenberg

    When he’s not slinging dubious accusations of corruption, attacking Joe Biden’s son, Hunter, or propagating conspiracy theories, President Trump has frequently been hitting the former vice president...

  • Are Republican Voters Done With Tax Cuts?

    By Michael Rainey

    The White House is reportedly mulling another tax cut in the form of an inflation adjustment on capital gains and President Trump has promised a middle-class tax cut if Republicans sweep the 2020...

  • U.S. President Trump speaks while meeting with NATO Secretary General Stoltenberg in the Cabinet Room at the White House in Washington

    Will Trump Cut Taxes for the Rich Again?

    By Yuval Rosenberg

    President Trump is apparently still considering a plan to cut taxes by indexing capital gains to inflation — even after Trump had appeared to publicly reject such a move last month for fear that it...

  • A sign marks the U.S Treasury Department in Washington

    Should the US Issue 100-Year Bonds?

    By Michael Rainey

    Treasury Secretary Steven Mnuchin said Wednesday that the U.S. is considering issuing ultra-long U.S. bonds – debt in 50- or 100-year durations. “If the conditions are right, then I would anticipate...

  • Can a Divided Congress Step Up to Fight a Recession?

    By Yuval Rosenberg

    The Congressional Budget Office projected last week that the deficit for the current fiscal year will rise to $960 billion, or 4.5% of gross domestic product, up from $779 billion (3.9% of GDP) last...

  • U.S. President Trump speaks to reporters as he departs for travel to Kentucky from the South Lawn of the White House in Washington

    Trump Flip-Flops on Further Tax Cuts

    By Yuval Rosenberg

    President Trump said Wednesday that he’s no longer looking to cut payroll taxes, reversing comments he made a day earlier when he indicated that he was considering those and other tax changes. “I’m...