Taxes

Bernie Sanders Says He’s Running Again. Why 2020 Will Be Different Than 2016.

By Yuval Rosenberg

Sen. Bernie Sanders (I-VT) announced Tuesday that he’s making another run for the Democratic presidential nomination. Among the items on the 77-year-old democratic socialist’s 2020 agenda: enacting a...
Elizabeth Warren Proposes Universal Child Care, Paid for by Taxing Millionaires

By Yuval Rosenberg

Sen. Elizabeth Warren (D-MA), who’s running for the 2020 Democratic presidential nomination, on Tuesday unveiled a universal child care plan that would cap families’ expenses at 7 percent of income...
Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

By Michael Rainey

President Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...
Poll of the Day: Democrats and Taxes

By The Fiscal Times Staff

Democrats and Republicans receive roughly equal grades when it comes to the question of which party is best suited to handle taxes, according to an analysis by Navigator , a polling and research...
Amazon Pulls the Plug on NYC Headquarters

By Michael Rainey

Amazon is canceling its plan to build a corporate campus in New York City, the company announced Thursday. The decision comes following months of local criticism of the project, in which the company...

The Great Debt Debate: How Dangerous Is It?

By Michael Rainey

MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...
Why Smaller Tax Refunds Could Ding the Economy

By Michael Rainey

Although tax season has only just begun, early data from the IRS shows that the average individual tax refund is 8.4 percent smaller so far this year. Some critics have been quick to blame the...
Shutdown Makes a Bad Situation Worse at the IRS

By Michael Rainey

A new report from National Taxpayer Advocate Nina E. Olson says that the 35-day government shutdown just before the start of the tax season produced “real harm” for taxpayers as the IRS struggled to...
Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year

By Yuval Rosenberg

The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...
Taxpayers Getting Smaller Refunds in First Week of 2019 Filing

By Michael Rainey

The average tax refund is down so far this year, according to IRS data covering the first week of the 2019 filing season. Last year, returns generated an average refund of $2,035, while this year the...

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...
How Alexandria Ocasio-Cortez Is Already Shifting the Debate on Taxes and Deficits

By Yuval Rosenberg

Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, has wasted no time in making waves in Congress, emerging as a focal point for the national press — and social media powerhouse...
The Great Debt Debate

By Michael Rainey

We told you last week about a new paper from economist Olivier Blanchard that caused a stir by suggesting that government debt may be less problematic than many experts have believed. Blanchard found...
Economists: It's Time for a Carbon Tax That Pays Dividends

By Michael Rainey

Dozens of prominent economists with extensive experience in government service signed a statement in Thursday’s Wall Street Journal calling for a carbon tax. “Global climate change is a serious...
How 4 Big US Companies Used Their Tax Cuts

By Michael Rainey

Bloomberg’s Laura Davison looked at what some major American corporations did with the tax cut windfalls they received in 2018. How did Apple, Walt Disney, Visa International and Starbucks use their...