Taxes
  • FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

    Amazon Got More Than $2 Billion in HQ2 Sweeteners

    Amazon confirmed on Tuesday that it will build two new headquarters in New York City and Northern Virginia while also adding a smaller site in Nashville that will deal with operations and logistics...

  • Deficit Hit $100 Billion in October

    By The Fiscal Times Staff

    The U.S. government spent $353 billion in October while revenues came in at $253 billion, producing a deficit of $100 billion. Receipts were 7 percent higher than a year ago, but spending was up 18...

  • Brady Ryan GOP Tax Plan

    The GOP Tax Cuts 10 Months In: What's Working, What's Not

    By Michael Rainey

    The $1.5 trillion Republican tax overhaul came with some big promises, including faster economic growth, increased business investment and significantly higher wages for American workers. Ten months...

  • Chart of the Day: How Taxes and Transfers Affect US Incomes

    By Michael Rainey

    A new analysis of the distribution of household income by the Congressional Budget Office shows how taxes and means-tested transfers such as Medicaid and food stamps affect US incomes. “The combined...

  • FILE PHOTO - A man, wearing a hat with an embroidery of the U.S. flag, votes on election day at a polling station in Harlem, New York, U.S., November 8, 2016. REUTERS/Bria Webb/File Photo

    What the Exit Polls Revealed on Taxes and Health Care

    By The Fiscal Times Staff

    Here's what exit polls told us about some key issues: 45 percent: NBC News’ exit poll found that 45 percent of voters said the Republican tax cuts had no impact on their personal finances, compared...

  • Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi speak at the National Press Club in Washington

    Dems Will Target GOP Tax Cuts in the New Year

    By Michael Rainey

    Democrats will attempt to undo tax cuts for wealthy households when they take over the House in January, The Wall Street Journal’s Richard Rubin reports . The move will likely come as part of an...

  • Pelosi leads Democratic members of Congress in a rally at the U.S. Capitol in Washington

    What Should Democrats Do Now That They’ve Won the House?

    By Michael Rainey

    With Democrats winning control of the House Tuesday, political experts are lining up to give advice on what they should do with their new powers. While there’s little chance of enacting significant...

  • The Wall Street bull is seen in the financial district in New York

    Share Buybacks Come Roaring Back

    By Michael Rainey

    Publicly-traded U.S. corporations have resumed share buybacks at a torrid pace, following an informal blackout period prior to third-quarter earnings announcements, CNBC reported Thursday. Analysts...

  • An unidentified voter casts his ballot at a local polling station in Miami

    5 Tax and Spending Takeaways from the Midterm Elections

    By Michael Rainey

    Tuesday’s election results changed the outlook for some key tax and spending proposals. Here are 5 takeaways from the midterm vote: 1. The GOP’s “tax cuts 2.0” effort is dead. The Republican plan to...

  • Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi speak at the National Press Club in Washington

    3 Ways Democrats Could Roll Back Trump’s Tax Cuts

    By Michael Rainey

    With President Trump in office until at least 2020, Democrats won’t have the opportunity to enact their own tax legislation for several years, but party leaders are already talking about their...

  • Tax Cuts (Still) Not Boosting Wages

    By Michael Rainey

    Three new surveys confirm what some critics of the GOP tax cuts have been saying all along: companies aren’t sharing much of their tax-cut windfall with workers in the form of higher wages. While...

  • FILE PHOTO: An Amazon pickup location is seen at the University of California in Berkeley, California, U.S. August 14, 2017. Reuters/Jeffrey Dastin/File Photo

    Why Amazon’s $15 Minimum Wage Matters

    Amazon announced on Tuesday that it will raise its minimum wage for all employees to $15 an hour effective next month — and will work to build congressional support for raising the federal minimum...

  • It’s a Great Time to Be a Tax Cheat

    By Michael Rainey

    With a reduced staff and a shift in focus away from basic fraud, the IRS is pursuing fewer tax evasion cases than it did 10 years ago, according to an analysis released Monday by ProPublica and The...

  • U.S. President Trump arrives to discuss trade deal in the Rose Garden of the White House in Washington

    What’s in Trump’s New NAFTA?

    By Michael Rainey

    President Trump announced a new trade deal with Canada and Mexico Monday that is intended to replace NAFTA, the 24-year-old trade agreement that regulates roughly $1.2 trillion worth of trade between...

  • There’s No Such Thing as a Free Lunch, but Half Off Isn’t Bad

    By Michael Rainey

    Taking clients out for a meal has long been a foundational perk in the business world, and the Internal Revenue Service blessed the practice with a 50 percent deduction of qualified expenses. But the...

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