Taxes
  • Paychecks Are Growing Faster – but It’s Probably Not Due to the Tax Cuts

    By Michael Rainey

    Wages for American workers are finally rising at a faster pace and the trend is likely to continue, says Bloomberg’s Barry Ritholtz. Several factors are contributing to the faster pace of wage growth...

  • 5 Tax Issues to Watch in 2019

    By The Fiscal Times Staff

    A divided Congress isn’t going to make another round of sweeping changes to the tax law this year, but there are plenty of important tax issues that are likely to come up. Tax Policy Center Senior...

  • Why 2018 Was an ‘Unusual Year’ for US Tax Revenues

    By Michael Rainey

    Federal tax revenues were lower in 2018 than in 2017, reversing a trend of rising revenues seen in recent years, according to U.S. Treasury data tracked by District Economics Group. DEG’s Diane Lim...

  • Washington, DC

    What’s in the New House Rules Package

    By Michael Rainey

    The new Democratic-controlled House is expected to adopt a rules package Thursday, with provisions covering a variety of issues ranging from wearing religious headgear on the House floor (to be...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    Did Trump’s Tax Cuts Make America Poorer?

    By Michael Rainey

    Economist Paul Krugman took another look at the 2017 tax cuts in The New York Times Tuesday, arguing that they are “even worse than you’ve heard.” Many critics of the tax bill have complained that...

  • 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...

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