Budget Battles
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A Warning About the Next Economic Crisis from Leaders Who Battled the Last One
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Lawmakers Battle Over Veterans Health Funding
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Deficit Jumps in Trump’s First Fiscal Year
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Some GOP Senators Want to Slash Gas Taxes — and Federal Highway Spending
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Democrats and the Deficit: The Intraparty Fight Ahead
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Another Problem with Larry Kudlow's Deficit Whopper
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Larry Kudlow, Trump’s Top Economic Adviser, Says the Deficit Is Falling. It Is Not.
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A Warning About the Next Economic Crisis from Leaders Who Battled the Last One
Three top officials who helped steer the U.S. through the financial crisis a decade ago warned Tuesday that, while the banking system has clearly been strengthened, policymakers might find it harder...
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Kevin Brady: We’re On Track for Tax Cuts 2.0
By Michael RaineyRepublicans plan to vote on a second round of tax cuts in September, House Ways and Means Committee Chairman Kevin Brady (R-TX) told Fox Business Network’s Maria Bartiromo Wednesday morning. Brady...
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GOP Tax Cuts Aren’t Boosting Wages
By Michael RaineyInflation-adjusted wages have fallen for three straight quarters on a year-over-year basis, according to data released by the Labor Department Tuesday. MarketWatch’s Steve Goldstein provided a chart...
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Kudlow: Tax Cuts 2.0, 3.0 and 4.0 May Be Coming
Larry Kudlow, director of President Trump’s National Economic Council, sat down for a wide-ranging interview with CNBC’s Jim Cramer Wednesday morning in New York. Kudlow made headlines last month by...
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The White House Makes a ‘Trillion-Dollar Admission’
The White House Office of Management and Budget on Friday released its updated annual budget request , known as the mid-session review. The numbers don’t mean much given that the president’s budget...
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4 Blue States Sue Over GOP Tax Law
By Michael RaineyFour states sued the federal government Tuesday, claiming that the new $10,000 limit on state and local tax (SALT) deductions is an “unconstitutional assault on states’ sovereign choices.” The suit...
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Treasury Rule Change Protects ‘Dark Money’ Donors
The U.S. Treasury said Monday that it will no longer require certain tax-exempt organizations to identify their donors to the IRS. The policy change will free labor unions and other groups, including...
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Stock Buybacks Soar to Another Record
By Michael RaineyU.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...
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Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study
By Michael RaineyAlthough 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-...
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Government Revenues Drop as Tax Cuts Kick In
By Michael RaineyCorporate 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...
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Your Gym Membership Could Soon Be a Tax Break
By The Fiscal Times StaffA 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...
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Some GOP Senators Want to Slash Gas Taxes — and Federal Highway Spending
By Michael RaineyRepublican 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...
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The Steep Costs of Tax Cuts Since 2001
By Michael RaineyTax 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...
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Why the GOP Tax Cuts May Not Boost Growth
By Michael RaineyExperts 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...
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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...