Taxes
  • Government Revenues Drop as Tax Cuts Kick In

    By Michael Rainey

    Corporate tax receipts in June were 33 percent lower than a year ago, according to data released by the Treasury Department Thursday, as companies made smaller estimated payments due to the reduction...

  • Your Gym Membership Could Soon Be a Tax Break

    By The Fiscal Times Staff

    A bipartisan bill passed by the House Ways and Means Committee on Thursday would allow taxpayers to claim new tax breaks for gym memberships, exercise classes and other fitness expenses, The Wall...

  • FILE PHOTO: U.S. Senator Lee questions Supreme Court nominee Gorsuch during Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington

    Some GOP Senators Want to Slash Gas Taxes — and Federal Highway Spending

    By Michael Rainey

    Republican Sens. Mike Lee, Marco Rubio and Ted Cruz introduced a bill Tuesday that would dramatically reduce federal involvement in transportation systems in the U.S. The Transportation Empowerment...

  • Taxes

    The Steep Costs of Tax Cuts Since 2001

    By Michael Rainey

    Tax cuts enacted since the turn of the 21 st century have added nearly $6 trillion to the deficit while disproportionately benefiting wealthy households, according to a new study from the Institute...

  • Why the GOP Tax Cuts May Not Boost Growth

    By Michael Rainey

    Experts have sparred over just how much economic growth will be generated as a result of the Republican tax law, but most agree that the permanent reduction in corporate tax rates and temporary drop...

  • Larry Kudlow Says Business Investment Is Booming. Is It?

    By Michael Rainey

    In his interview with Fox Business Friday, Larry Kudlow also said that the new tax law has sparked a capex spending boom as businesses turn their tax cut windfalls into productive investments. “The...

  • Corporate Taxes Hit a Record Low

    By Michael Rainey

    The economy grew a little slower in the first quarter of 2018 than previously estimated, the Commerce Department announced Thursday, with the latest estimate for GDP growth coming in at 2 percent, a...

  • FILE PHOTO - Supreme Court Associate Justice Anthony Kennedy speaks in the Rose Garden of the White House in Washington

    Two Ways Justice Kennedy’s Retirement Could Affect Your Taxes

    Supreme Court Justice Anthony Kennedy’s decision to retire is roiling Washington, with its potential implications for a wide range of issues , from abortion to voting rights. But Kennedy’s exit could...

  • A congressional aide places a placard on a podium for the House Republican's legislation to overhaul the tax code on Capitol Hill in Washington

    GOP Tax Bill Isn’t Getting Any More Popular

    By Michael Rainey

    Public support for the Republican tax law is falling, according to a new poll from Politico and Morning Consult. Just 37 percent of the 1,989 registered voters polled June 22-24 said they support the...

  • File photo of House Ways and Means Committee Chairman Brady questioning witness at Joint Economic Committee hearing in Washington

    The Timetable for Round Two of Tax Reform

    At a Washington Post event Tuesday marking the six-month anniversary of the GOP tax plan, Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee, laid out his timetable for the...

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