Taxes
  • The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009. REUTERS/Chip East/Files

    Stock Buybacks Soar to Another Record

    By Michael Rainey

    U.S. companies announced more than $346 billion in share buybacks in the second quarter of 2018, according to data released by the investment research firm TrimTabs last week, shattering the previous...

  • Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study

    By Michael Rainey

    Although Republicans have sold their tax cuts as a sure-fire way to create jobs and boost incomes for middle- and working-class Americans, a recent economic study casts more doubt on that still-...

  • 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...

  • GOP Lawmakers Push to Make It Harder to Raise State Taxes

    Republican state lawmakers are taking preemptive action to make it harder for Democrats to raise taxes and enact a progressive agenda if they score big election victories this year. The Washington...

  • Could California’s Gas-Tax Battle Decide Who Controls Congress?

    By The Fiscal Times Staff

    California lawmakers last year passed a 12-cent gasoline tax to fund a campaign to fix the state’s roads and bridges. Now, The New York Times’ Adam Nagourney reports, a ballot measure to repeal the...

  • Worrying About the Next Recession

    When will the next recession hit? It’s been more than nine years since the Great Recession officially ended , and the U.S. economy is about a year away from passing the 1990s expansion to become the...

  • A woman pumps gas at a station in Falls Church

    Hitting the Gas: 7 States Raise Fuel Taxes

    Seven states raised their gas taxes Sunday. “The reasons for these increases vary, but most will inject new funds into infrastructure maintenance and construction projects,” according to Carl Davis,...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    The ‘Postcard’ 1040 Has Arrived

    By Michael Rainey

    The Treasury Department and the IRS released the revised 1040 tax form Friday, questionably fulfilling a long-running Republican pledge to fit your taxes on a postcard. The new form, which will...

  • 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...

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