Taxes
  • Why Pensions Are the Hot New Tax Shelters

    By Michael Rainey

    Traditional pension plans are being used by some doctors, lawyers and other wealthy small business owners to shield hundreds of thousands of dollars in income from taxes, Bloomberg’s Ben Steverman...

  • How the Tax Cuts Could Raise Wages – and Why They Might Not

    By Michael Rainey

    Wages don’t seem to be rising in the wake of the corporate tax cuts that went into effect this year, and many critics of the GOP tax overhaul say there’s little reason to think they will. But the...

  • Are Tax Revenues Really Rising?

    By Michael Rainey

    A Wall Street Journal editorial this past weekend took aim at the idea that the Republican tax cuts have much to do with rising deficits. “Perhaps you’ve read that the federal budget deficit is...

  • A man walks his dog past a mural depicting factory workers in the historic Pullman neighborhood in Chicago November 20, 2014.      REUTERS/Andrew Nelles/File Photo

    Economic Growth Gets a Downgrade

    By Michael Rainey

    The Congressional Budget Office reduced its estimate for the growth rate of the U.S. economy in 2018 to 3.1 percent, down from its estimate of 3.3. percent in April. The CBO’s estimate for 2019...

  • FBI director says all surveillance complies with U.S. law

    The Tax Cuts Aren't Popular, So the GOP Is Talking About This Instead

    By The Fiscal Times Staff

    Republicans have found that their key legislative accomplishment in the last two years, the tax cuts passed in December, aren’t nearly as popular as they had hoped they would be, and the AP reports...

  • Fiscal Policy Gives the Economy a Boost

    By Michael Rainey

    Federal, state and local fiscal policies boosted GDP growth by 0.6 percentage points in the second quarter, according to an analysis by the Hutchins Center on Fiscal & Monetary Policy at the...

  • White House Distances Itself from Big Tax Cut for the Wealthy

    By Michael Rainey

    The New York Times reported Monday that the Trump administration was considering bypassing Congress to enact another big tax cut that would mainly benefit the wealthy. The White House pushed back on...

  • Senator Bernie Sanders (I-VT) speaks during an event to introduce the "Medicare for All Act of 2017\

    Putting a Price Tag on Medicare for All

    By Michael Rainey

    Sen. Bernie Sanders’ “Medicare for all” proposal would increase federal spending by $32.6 trillion over 10 years, according to a new analysis of the proposed legislation by a libertarian think tank...

  • December 16, 2015

    The Economy Is Booming. Will It Last?

    By Yuval Rosenberg and Michael Rainey

    The U.S. economy is humming. Gross domestic product grew at an annualized 4.1 percent rate in the second quarter, the Commerce Department said Friday in its initial estimate for the period. The surge...

  • A Hefty Price Tag for Republicans' 3 Health Care Bills

    By Michael Rainey

    Driven by concern that they’ll be held responsible for rising costs and other problems with the health care system, House Republicans passed bills this week that would, among other things, eliminate...

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