Taxes
  • FILE PHOTO: A sign on an insurance store advertises Obamacare in San Ysidro

    3 Key Questions About the Obamacare Court Ruling

    The fate of Obamacare may once again wind up before the Supreme Court now that a federal judge in Texas has ruled that the law is unconstitutional. U.S. District Court Judge Reed O'Connor ruled on...

  • District of Columbia

    CBO Offers 121 Ways to Shrink the Deficit

    By The Fiscal Times Staff

    The Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...

  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    Boxed In by Trump, GOP Hurtles Toward a Shutdown

    By Michael Rainey

    House Republicans considered moving forward with a bill that would have given President Trump the $5 billion he has demanded for border wall construction, but it looks like they’re leaving town...

  • Marco Rubio, 44

    Marco Rubio’s Surprise Critique of the GOP Tax Bill

    By Michael Rainey

    Sen. Marco Rubio (R-FL) tackled the decline of the American dream in an essay published by The Atlantic Thursday, and in doing so offered some sharp criticism of the 2017 Republican tax overhaul – a...

  • Moody’s Warns of Declining US Fiscal Strength

    By The Fiscal Times Staff

    Trump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...

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

    Inside the Remarkable — and Costly — Decline of the IRS

    By Michael Rainey

    Weighed down by budget cuts and staff reductions, the number of audits performed by the Internal Revenue Service has been dropping for years. A new report from ProPublica and The Atlantic takes a...

  • 		<strong>Repair cost for 2011-2012</strong>: $238.36 <br /><strong>Overall rank</strong>: 11<br /><strong>Common repair problems</strong>: Inspect for loose fuel cap and tighten or replace as necessary; replace fuel pressure regulator (average repair cos

    Taking the Sting Out of a New Tax on Nonprofits

    By Michael Rainey

    Under the 2017 tax law, some churches, charities and other nonprofit organizations are being hit with a new tax on the value of transportation benefits provided to employees, including free parking...

  • President Donald Trump in combination photo during a campaign rally in Estero Florida

    The 3 False Claims Trump Repeats Most

    By Michael Rainey

    Washington Post fact checker Glenn Kessler analyzed President Trump’s voluminous record of false claims to determine which specific issues crop up most frequently. The top three have a strong fiscal...

  • Poll of the Day: Paying More, Less or the Same After the New Tax Law?

    A new poll from The Economist and YouGov finds a sizable partisan divide in American’s perception of how the new tax law will affect their finances, with 67 percent of Democrats saying they expect to...

  • How Congress Got So Broken

    More than 50 House members chose not to seek re-election in 2018, and a new report from nonprofit groups Issue One and the R Street Institute examines what drove so many to that decision. The report...

  • Visualizing the ‘Great Decoupling’

    By Michael Rainey

    The Washington Post’s Catherine Rampell asked economist and data visualization specialist Jonathan Schwabish of the Urban Institute to create a chart that shows how unusual the large and growing...

  • President Donald Trump in combination photo during a campaign rally in Estero Florida

    Trump Acknowledges the Obvious: New Tax Cuts Won’t Happen This Year

    President Trump is holding 11 rallies in eight states over the final week before Election Day, ramping up a schedule that has already seen him shake up plenty of campaign closing strategies with...

  • The Government Isn’t Giving Americans What They Want

    With less than a week to go before the midterms, both Democrats and Republicans are campaigning hard on the message that the stakes on Election Day couldn’t be higher. That may be true, but it doesn’...

  • President Donald Trump speaks to the media after the Congressional Republican Leadership retreat

    Why the Trump Boom Is Heading for a Speed Bump

    By Michael Rainey

    Kevin Hassett, chair of President’s Trump’s Council of Economic Advisers, said this week that contrary to what many critics are saying – see here , here and here , for example – he doesn’t think the...

  • Factory, construction spending data hint at slowing economy

    Chart of the Day: Capex Slowdown

    By Michael Rainey

    CNBC’s Carl Quintanilla tweeted this chart from Deutsche Bank that shows a recent slowdown in capital investment by US businesses — the opposite of what the tax cuts were supposed to produce. “It...

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