Taxes
  • Why the Deficit Outlook Could Be Even Worse Than It Seems

    By The Fiscal Times Staff

    The Congressional Budget Office warned earlier this month that the U.S. will start running $1 trillion deficits in 2020, and that the national debt will be nearly as large as the economy in a decade...

  • Chart of the Day: Despite Trump's Tax Cuts, GDP Expectations Sag

    By The Fiscal Times Staff

    The Commerce Department is scheduled to issue its advance estimate of first-quarter GDP on Friday, and the report is widely expected to show economic growth slowed over the first few months of the...

  • The Biggest Winners from the ‘Small Business’ Tax Cuts

    By Michael Rainey

    Republicans insisted that their tax cuts on pass-through entities were meant to reduce the tax burden on small businesses and thus spur job creation. But updated estimates from the Joint Committee on...

  • Teachers rally inside the state Capitol on the second day of a teacher walkout to demand higher pay and more funding for education in Oklahoma City

    Tax Cuts Take a Toll on State and Local Public Servants

    By Michael Rainey

    Teachers in Arizona have announced they will go on strike this week, joining educators in Oklahoma, West Virginia and Kentucky protesting low wages and insufficient school funding in their states...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Have the Trump Tax Cuts Flopped?

    By Michael Rainey

    Sunday marks four months since President Trump signed the Republican tax overhaul into law. So it surprised us just a bit to see economist Andrew Hunter of Capital Economics already asking: “Have the...

  • The Old Will Outnumber the Young in the US by 2035

    By The Fiscal Times Staff

    By 2030, all Baby Boomers will be older than 65, meaning that one in five U.S. residents will be of retirement age, the Census Bureau reports . And by 2035, seniors will outnumber children for the...

  • Waste, Waste, Glorious Waste

    Monthly Deficit Hits a 6-Year High

    By Michael Rainey

    The federal government’s budget deficit rose to $215 billion in February, the largest monthly deficit since 2012. The shortfall was driven by both higher spending and lower revenues. Government...

  • Are Wages Increasing in the Wake of the Tax Cuts?

    By The Fiscal Times Staff

    Are wage gains picking up or just puttering along? According to Ben Casselman of the The New York Times, that’s a hard a hard question to answer, due in large part to poor quality data that that is...

  • Computer on fire

    What We're Reading: March 12, 2018

    By The Fiscal Times Staff

    Here's what we have our eye on today: NEWS Trump Wants a ‘Phase Two’ of Tax Cuts – CNBC Congress Has Until March 23 to Fund the Government. Three Ways This Could Go – Vox The First Target on Drug...

  • GOP Tax Bill Could Destabilize State Revenues

    By Michael Rainey

    State and local tax revenues grew at a significantly faster pace in the final quarter of 2017, according to preliminary data analyzed by the Rockefeller Institute of Government . The bump may be...

Taxes Directory

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