Taxes

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...
Time to Blame Trump for Your Football Team's Lack of Talent?

By Yuval Rosenberg

Fans of the 1-and-5 Oakland Raiders, San Francisco 49ers or New York Giants are already suffering plenty this season, but a new report by Bloomberg News’ Lynnley Browning might depress them even...
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...
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...
Republicans Ignore the Obvious Effect of Their Tax Cuts

By Yuval Rosenberg

President Trump, top administration officials and Republican congressional leaders claim that the rising deficit, which grew 17 percent to $779 billion in fiscal 2018, is not the result of their tax...
Why Tax Cuts in a Strong Economy Could Hurt in the Long Run

By Michael Rainey

Passing tax cuts in an already strong economy violates the important fiscal principle, says Jared Bernstein, former chief economist to Vice President Joe Biden, in The Washington Post Wednesday. “...
Kudlow Says the Party's Just Getting Started, but Is the Economy Headed for a Hangover?

By Michael Rainey

Senior White economic advisor Larry Kudlow touted the Trump economy Friday, telling CNBC that “[w]e're in a hot economic boom. There's no end in sight." As a result, the stock market should “get back...
Mnuchin Spins a False Claim About Tax Cuts and the Deficit

By Yuval Rosenberg

The Congressional Budget Office projected last week that the federal government’s fiscal 2018 deficit would total $782 billion. The final numbers will be released by the Treasury Department, but...

Tax Cuts 2.0: What’s in the GOP Plan and Why It Matters

By Yuval Rosenberg

With an eye toward November’s midterm elections, House Republicans on Monday unveiled legislation to make permanent the individual tax cuts and pass-through business deductions that were set to...
Trump Wanted Higher Taxes on the Rich – and to Print Lots of Money: Woodward

By Michael Rainey

Bob Woodward’s book on the Trump administration, “Fear: Trump in the White House,” hits bookstores Tuesday but has been making headlines for about a week as details leak out. According to a review of...
Show Me the Money: Sports Betting Off and Running

By Elaine S. Povich, Stateline

Are you ready for some football? How about some football bets? With the opening of the NFL season, states that recently legalized sports gambling are hoping to cash in through increased tax revenue...
Obama: 'Suddenly Deficits Do Not Matter'

By Yuval Rosenberg

Former President Barack Obama stepped back into the political fray on Friday, delivering a blistering rebuke of President Trump and the Republican Party while signaling how he plans to campaign on...
SALT in Some GOP Reps’ Wounds

By Yuval Rosenberg

The House GOP’s decision to push ahead with Tax Cuts 2.0 comes after a Bloomberg report published Tuesday that said they were “hitting the pause button” to consider the political risks of the package...