Taxes
  • Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study

    By Michael Rainey

    Although 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-...

  • Government Revenues Drop as Tax Cuts Kick In

    By Michael Rainey

    Corporate 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...

  • Your Gym Membership Could Soon Be a Tax Break

    By The Fiscal Times Staff

    A 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...

  • FILE PHOTO: U.S. Senator Lee questions Supreme Court nominee Gorsuch during Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington

    Some GOP Senators Want to Slash Gas Taxes — and Federal Highway Spending

    By Michael Rainey

    Republican 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...

  • Taxes

    The Steep Costs of Tax Cuts Since 2001

    By Michael Rainey

    Tax 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...

  • Companies Will Be Paying Much Less Than 21% in Taxes Next Year: Study

    Under the Republican Tax Cuts and Jobs Act, companies across all industries will see their average effective tax rate next year fall from 21 percent to 9 percent, a new analysis by the Penn Wharton...

  • Speaker Ryan departs meeting at U.S. Capitol in Washington

    House Passes Major Tax Bill

    By David Morgan and Amanda Becker, Reuters

    The Republican-controlled U.S. House of Representatives approved sweeping, debt-financed tax legislation on Tuesday, sending the bill to the Senate, where lawmakers were due to take up the package...

  • Sen. Bob Corker (R-TN) speaks with reporters after announcing his retirement at the conclusion of his term on Capitol Hill in Washington, U.S., September 26, 2017. REUTERS/Aaron P. Bernstein

    Pushing Back on the ‘Corker Kickback’

    By The Fiscal Times Staff

    Sen. Bob Corker (R-TN), who said Friday he’d vote for the bill despite his previous objections to its deficit-raising effects, got caught in a firestorm of criticism over the weekend after the...

  • Brady Ryan GOP Tax Plan

    Tax Bill Headed for the Finish Line

    By The Fiscal Times Staff

    The Republican’s sweeping tax overhaul, the largest in three decades, is heading for the finish line this week, even if runs into a few last obstacles along the way. The latest: Sen. Susan Collins (R...

  • 3 Reasons the GOP Tax Bill Could Send More US Jobs Overseas

    By The Fiscal Times Staff

    Some experts are warning that the tax bill expected to be passed this week could make it easier for U.S. companies to move jobs out of the country. “This bill is potentially more dangerous than our...

Taxes Directory

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