Taxes

Amazon Got More Than $2 Billion in HQ2 Sweeteners

By Yuval Rosenberg

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...
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...
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...

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...
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...
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...
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...
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...

Quote of the Week: Trump’s Big Bet on Supply-Side Economics

By The Fiscal Times Staff

“There has never been a President with policies so simultaneously bullish and bearish as Donald Trump! He is stepping on the economy’s accelerator and brakes at the same time. … Trump is making a...
Kansas or California as a Model for America’s Future Growth?

By The Fiscal Times Staff

If you had to choose either Kansas or California to serve as a model for America’s future growth, which would it be, Bloomberg’s Barry Ritholtz asks . The answer, he argues, is obvious — yet...
Kamala Harris' Trillion-Dollar Tax Plan

By Michael Rainey

Republicans aren’t the only ones coming up with trillion-dollar tax plans. California’s Kamala Harris, a rising Democratic star in the Senate, released a proposal Thursday to repeal the $1.9 trillion...
Trump Is Hitting Economy’s Accelerator and Brakes at the Same Time: Analyst

By Yuval Rosenberg

Stocks have experienced some dramatic swings in recent days as investors try to digest and make sense of corporate earnings; rising interest rates and conflicting monetary and fiscal policy;...
Trump’s Tariffs Could Dampen Investment Spurred by the Tax Cuts

By Michael Rainey

A new Philadelphia Fed survey highlighted by MarketWatch’s Steve Goldstein suggests that some manufacturing businesses see the President Trump’s tax and tariff policies as working at cross purposes...