Taxes
  • Deficit Rising, but Won’t Hit $1 Trillion Until 2022, CBO Projects

    By Michael Rainey

    In new budget and economic projections released Monday , the Congressional Budget Office said annual deficits are expected to rise above $1 trillion in 2022, two years later than previous estimates,...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    Thousands of Unpaid IRS Employees Did Not Return to Work Early This Week

    By The Fiscal Times Staff

    More than half of the furloughed IRS employees who had been called back to work during the government shutdown to handle tax returns and taxpayer questions did not return as of Tuesday, according to...

  • U.S. Senator Elizabeth Warren (D-MA) delivers remarks at the Center for American Progress in Washington U.S. July 13, 2016.  REUTERS/Gary Cameron

    The Left's Next Weapon to Fight Inequality: A Wealth Tax

    By Michael Rainey

    Democratic presidential hopeful Sen. Elizabeth Warren (MA) plans to propose a new wealth tax on the very rich, The Washington Post reported Thursday. The Post’s Jeff Stein and Christopher Ingraham...

  • Is the Tax Cut Investment Boom Already Over?

    By Michael Rainey

    Kevin Hassett, chair of President's Trump's Council of Economic Advisers, defended the Republican tax bill in an interview with CNN's Poppy Harlow Wednesday, saying that the promised wave of...

  • State Tax Revenues Jump Higher

    By The Fiscal Times Staff

    Solid economic growth and a rising stock market drove state tax revenues higher in 2018, with 36 states collecting more taxes than they did before the Great Recession, according to an analysis...

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