Taxes

How Alexandria Ocasio-Cortez Is Already Shifting the Debate on Taxes and Deficits

By Yuval Rosenberg

Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, has wasted no time in making waves in Congress, emerging as a focal point for the national press — and social media powerhouse...
The Great Debt Debate

By Michael Rainey

We told you last week about a new paper from economist Olivier Blanchard that caused a stir by suggesting that government debt may be less problematic than many experts have believed. Blanchard found...
Economists: It's Time for a Carbon Tax That Pays Dividends

By Michael Rainey

Dozens of prominent economists with extensive experience in government service signed a statement in Thursday’s Wall Street Journal calling for a carbon tax. “Global climate change is a serious...
How 4 Big US Companies Used Their Tax Cuts

By Michael Rainey

Bloomberg’s Laura Davison looked at what some major American corporations did with the tax cut windfalls they received in 2018. How did Apple, Walt Disney, Visa International and Starbucks use their...
Is the ‘Era of Tax Reductions’ Over?

By Michael Rainey

If Greg Valliere, chief global strategist at Horizon Investments, is correct, Wall Street should be worried about the rise of Rep. Alexandria Ocasio-Cortez (D-NY). In a note to clients Wednesday,...

The Ongoing Fight Over Ocasio-Cortez’s 70% Top Tax Bracket

By Michael Rainey

The lively debate over the proposal by Rep. Alexandria Ocasio-Cortez (D-NY) to raise the top marginal tax rate to 70 percent continues, as it no doubt will for many months to come, with former...
Tax Cuts Still Not Paying for Themselves

By Michael Rainey

The latest budget data shows, once again, that the tax cuts are not paying for themselves. “It’s time to put to rest any notion that President Trump’s signature tax cuts are paying for themselves...
Ocasio-Cortez’s Tax Bombshell: Is a 70% Top Rate Too High, or Not High Enough?

By Michael Rainey

Political Rorschach test Rep. Alexandria Ocasio-Cortez (D-NY) sparked a lively fiscal debate this week after suggesting in an interview that the top marginal tax rate in the U.S. should be as high as...
Deficit Jumped Over First Months of Fiscal 2019, on Pace to Top $1 Trillion for the Year

By Yuval Rosenberg

The federal deficit jumped $92 billion in the first three months of fiscal 2019, up 41 percent from the same period in 2018, according to estimates published by the Congressional Budget Office on...
House Democrats’ Budget Will Call for Raising Corporate Taxes

By The Fiscal Times Staff

The new Democratic House Budget Committee chairman said Friday that the fiscal 2020 budget blueprint his chamber produces will seek to raise revenue by increasing the corporate tax rate from the...

Will the GOP Tax Law Hurt Charities This Year?

By Michael Rainey

On this Giving Tuesday – an annual event that began in 2012 to provide a counterweight to the consumption-oriented frenzy of Black Friday and Cyber Monday – some charities are worried that they may...
Republicans Unveil Lame-Duck Tax Bill

By Michael Rainey

House Republicans unexpectedly introduced a nearly 300-page tax bill Monday evening, with the goal of passing the legislation during the lame-duck session of Congress. Ways and Means Committee Chair...
Your Tax Dollars at Work: An Agency ‘Neutered Through Neglect’

By Yuval Rosenberg

The Associated Press’ Juliet Linderman tells the story of Mark Robbins and the Merit Systems Protection Board, “a quasi-judicial federal body designed to determine whether civil servants have been...
Is Trump Serious About Tackling the Deficit? Obviously Not

By Yuval Rosenberg

President Trump is demanding that his advisers come up with a plan to reduce the deficit, The Washington Post’s Josh Dawsey and Damian Paletta report . Oh, and President Trump is also pushing new...
Treasury Puts a Ribbon on the Estate Tax Reduction

By Michael Rainey

Wealthy families got an early Christmas gift from the Trump administration this week, as the U.S. Treasury Department issued a proposed rule that would encourage large, tax-free gifts to heirs. The...