Taxes
  • A screen shows the numbers after the closing bell at the New York Stock Exchange (NYSE) in New York

    The Market Flashes a Recession Signal: Does the Economy Need New Stimulus?

    By Michael Rainey

    Investors scrambled for cover Wednesday as the bond market flashed a signal that a recession may be on the way, sending stocks sharply lower, with the Dow Jones Industrial Average falling 800 points...

  • US Taxes Lower Than in Most Developed Countries

    By Michael Rainey

    The Tax Policy Center on Monday released a chart that reminds us once again that taxes are lower in the U.S. than in most developed nations – and that was true even before the Republican tax cuts...

  • Monopoly

    Chart of the Day: Weak Effects of the Corporate Tax Cut

    By Michael Rainey

    Business investment has risen since the GOP tax cuts were signed into law by President Trump in 2017, but it’s not clear how much a contribution the tax cuts made to the relatively modest investment...

  •  U.S. President Trump hosts Medal of Honor ceremony for Atkins at the White House in Washington

    Trump’s ‘Terrible’ New Tax Cut Idea

    The Trump administration has been considering another tax cut that would primarily benefit the rich — and add about $100 billion to deficits over 10 years. The proposed change would reduce the taxes...

  • Who Isn’t Paying Income Taxes?

    By Michael Rainey

    Ten years ago, an economist at the Tax Policy Center calculated that 47% of Americans paid no federal income tax. That figure gained a degree of infamy in 2012 when presidential candidate Mitt Romney...

  • A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo - RTSS0CF

    Number of the Day: $63 Billion

    The U.S. Treasury collected $63 billion in tariffs over the 12 months through June up from about $30 billion a year before, The Wall Street Journal reports . Tariff revenue is on pace for $72 billion...

  • When the Social Safety Net Is a Smart Investment

    By Michael Rainey

    Social welfare programs in the U.S. are sometimes seen as expenses that lawmakers should attempt to minimize, but a new paper from two economists at Harvard University shows that some programs...

  • U.S. President Trump listens to reporters during bill signing ceremony in the Oval Office of the White House in Washington

    Is Trumponomics a Failure?

    By Michael Rainey

    The Republican tax cuts, combined with a big jump in government spending, produced a period of faster economic growth over the last year and a half, according to an analysis by Howard Gleckman and...

  • Paul Ryan with tax return postcard

    IRS Pulls the Plug on the Postcard Tax Form

    By Michael Rainey

    As they pushed their tax overall package in 2017, Republican leaders would sometimes display a tax form printed on a postcard as proof that the Tax Cuts and Jobs Act would simplify life for millions...

  • Taxes

    Raise Taxes on the Rich? Why Dems May Need to Think Bigger

    As they head into their second round of primary debates tonight, Democrats are having the wrong argument about taxes, argues Monica Prasad, a sociology professor at Northwestern University’s...

Taxes Directory

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