Taxes
  • Taxes

Budget Battles

  • Democratic 2020 U.S. presidential candidate Senator Bernie Sanders speaks at the tenth Democratic 2020 presidential debate at the Gaillard Center in Charleston

    Democrats Plan a Major End Run Around the GOP

    By Michael Rainey

    You’ll probably be hearing a lot about “budget reconciliation” in the coming weeks, as Democrats work to pass a substantial spending package in the early days of the Biden administration. The term...

  • U.S. President-elect Biden speaks after meeting with transition coronavirus advisory board in Wilmington, Delaware

    Biden’s Agenda Gets a Boost With Democratic Control in Washington

    By Michael Rainey

    The Democratic sweep of the runoff Senate elections in Georgia may not have gotten as much coverage as the storming of the Capitol by a pro-Trump mob Wednesday, but the results will have a powerful...

  • Stores all over Las Cruces close down temporarily due to Coronavirus concerns.Sign 1

    Reviving the Pandemic Economy

    By Michael Rainey

    With the U.S. economy headed for another slowdown as the coronavirus surges to record levels, The New York Times gathered a group of experts “to debate the priorities for economic policy in the...

  • The setting sun reflects off of the twin towers of Time Warner Center in the Manhattan borough of New York City, November 22, 2015. REUTERS/Rickey Rogers

    State and Local Tax Revenues Better Than Expected

    By Michael Rainey

    Many economists worried that local tax revenues would fall sharply in the wake of the coronavirus pandemic, creating a long-lasting drag on the economy as payrolls shrank and public investment...

  • <p>Capital loss rules dictate that if you make a legitimate loan to someone with an official note, even if it’s your brother-in-law, you can write the money off if you don’t get paid back, up to $3,000 a year with a maximum of $10,000 total. Caveat: “If

    Most Americans Support Higher Tax on High Earners: Poll

    By Michael Rainey

    About two-thirds of Americans support President-elect Joe Biden’s proposal to raise taxes on households earning more than $400,000 a year while keeping taxes on those below that level the same,...

  • U.S. President Trump speaks to reporters during a news conference

    Trump’s $750 Tax Bill

    By Michael Rainey

    The analysis released Sunday evening by The New York Times of President Trump’s tax filings stretching back over more than two decades has caused quite a stir as we enter the final weeks of the...

  • Economy Would Do Better Under Biden Than Trump: Moody’s

    By Michael Rainey

    The economy is widely seen to be a relative strength for President Trump, with voters giving him much higher approval ratings for his handling of economic issues than other areas. But a new analysis...

  • Buildings are seen at the Yujiapu financial centre, in Tianjin, China February 22, 2016. REUTERS/Jason Lee/File Photo

    Massive Corporate Tax Holiday Could Cause Headaches Next Year

    By Michael Rainey

    Worried about getting stuck with unpaid tax bills in 2021, private employers have largely passed on President Trump’s voluntary program that allows companies to defer the Social Security portion of...

  • Democratic U.S. presidential candidate Joe Biden speaks about U.S. economy at a metal works plant in Dunmore, Pennsylvania

    Why Joe Biden Wants to Go Big on a Stimulus Package

    By Michael Rainey

    Some Democratic economic policy wonks have long believed they made a serious mistake during the Great Recession: The $787 billion stimulus package President Barack Obama signed into law in 2009 just...

  • Biden’s Tax Plan: Who Really Would Pay More?

    By Yuval Rosenberg

    Joe Biden’s tax plan would have high earners paying significantly more, with the top 1% of households shouldering 80% of the increase while those earning less than $400 would see no change on average...