Taxes
  • FILE PHOTO: Democratic presidential candidate Senator Elizabeth Warren speaks during the fourth U.S. Democratic presidential candidates 2020 election debate at Otterbein University in Westerville, Ohio U.S.

    Pushing Back Against the Wealth Tax at the Dem Debate

    By Michael Rainey

    Sen. Elizabeth Warren defended her proposed wealth tax at the Democratic presidential debate on Wednesday night: “I’m tired of freeloading billionaires,” Warren said . “I think it's time that we ask...

  • Social Security and Medicare taxes

    Democrat's New Taxes Wouldn't Hit Just Billionaires

    By Michael Rainey

    Some Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    An Easy Way to Get $1 Trillion More in Tax Revenue?

    By Michael Rainey

    The first step in reforming the U.S. tax system doesn’t involve raising rates or eliminating deductions, say former Treasury Secretary Lawrence Summers and Penn Law professor Natasha Sarin. Instead,...

  • FedEx cuts forecast as air freight weakness hits profit

    FedEx Battles New York Times Over Trump’s Tax Cuts

    By Michael Rainey

    The New York Times published a piece Saturday highlighting the huge windfall FedEx received from the 2017 GOP tax cuts — and the company’s CEO isn’t happy with the analysis. According to the Times,...

  • FILE PHOTO - Visitors attend the 26th Monaco Yacht show in Monte Carlo port

    Tax Break for Poor Neighborhoods Is Helping Build a Superyacht Marina

    By Michael Rainey

    The 2017 Tax Cuts and Jobs Act created special “opportunity zones” that give investors generous tax breaks in exchange for investing in low-income neighborhoods. The purpose of the tax law is “to...

  • A sign marks the U.S Treasury Department in Washington

    Foreign Ownership of US Debt Continues to Decline

    By Michael Rainey

    Foreign demand for U.S. government debt has been declining in recent years but domestic investors have picked up the slack, The Wall Street Journal’s Daniel Kruger and Kate Davidson reported...

  • A Burlington Northern Santa Fe (BNSF) train rolls by a statue of the state symbol of the state of Wyoming, a bucking bronco, in Ft. Laramie, Wyoming July 15, 2014.  REUTERS/Rick Wilking

    Cities and States Pick Up Some of the Infrastructure Slack

    By The Fiscal Times Staff

    Although the federal government still has a lot of work to do with respect to planning and funding infrastructure investment, state and local governments are moving ahead with plans to “fix the damn...

  • A monitor shows the general index inside the Athens Stock Exchange February 9, 2015. REUTERS/Alkis Konstantinidis

    Is It Time to Start Selling 100-Year Bonds?

    By Michael Rainey

    With the U.S. facing a $12 trillion deficit over the next decade, the Treasury Department is exploring ways to maintain robust demand for American debt. One option being considered is the sale of “...

  • Work crews work to replace a bridge over the Massachusetts Turnpike in Boston

    A Fiscal Hawk Argues for Infrastructure Investment

    By Michael Rainey

    The stimulus from the GOP tax cuts and the bipartisan increase in federal spending in 2018 is starting to fade, says Diane Swonk, chief economist at the tax and advisory firm Grant Thornton. Writing...

  • Tax-Cut's Benefits Shrinking for Some U.S. Companies

    By The Fiscal Times Staff

    Some U.S. corporations have overestimated the windfall they’ll receive from the 2017 tax law, The Wall Street Journal’s Theo Francis and Richard Rubin report . In one example, Las Vegas Sands Corp...

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