Taxes
  • Nonprofit work

    Bad News for Charity on Giving Tuesday

    By Michael Rainey

    “Despite Giving Tuesday and despite all the charitable appeals that almost certainly landed in inboxes, charitable donations by individuals declined by slightly more than 1 percent in 2018, according...

  • Only One Demographic Group Opposes Warren’s Wealth Tax

    The idea of a wealth tax like the one proposed by Sen. Elizabeth Warren is popular with a broad swath of voters, Ben Casselman and Jim Tankersley of The New York Times report . A new nationwide poll...

  • A homeless woman sits on a bench few blocks away from the White House in downtown Washington

    Chart of the Day: Record Low Poverty Rate

    By Michael Rainey

    The extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...

  • Public Investment Is the Key to Avoiding Economic Stagnation: Report

    By Michael Rainey

    Economic stagnation on a global scale is a growing threat, according to a new report from the Organization for Economic Co-operation and Development (OECD). The group’s November economic outlook...

  • 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...

  • FILE PHOTO: House Minority Leader Nancy Pelosi speaks during a rally against the Republican tax bill on Capitol Hill in Washington, U.S., November 15, 2017. REUTERS/Aaron P. Bernstein

    Democrats Prepare to Direct Fire at the GOP Tax Bill

    By Michael Rainey

    Democrats take control of the House on January 3 and are already planning their attack on the year-old Republican tax bill. Rep. Richard Neal (D-MA), incoming chair of the tax-writing House Ways and...

  • Tax Bill Creates a Divorce Rush

    By The Fiscal Times Staff

    Divorce lawyers are keeping plenty busy as the year winds down, thanks in part to the Republican tax bill. The Hill’s Naomi Jagoda explains: “The 2017 GOP tax overhaul eliminates the deduction for...

  • U.S. President Trump meets with Schumer and Pelosi at the White House in Washington

    Trump and Lawmakers Dig In for a Shutdown

    By Michael Rainey

    Neither side in the battle over President Trump’s border wall appears to be budging, raising the odds of a partial government shutdown come Friday night. “Spending discussions have stalled, with no...

  • FILE PHOTO: A sign on an insurance store advertises Obamacare in San Ysidro

    3 Key Questions About the Obamacare Court Ruling

    The fate of Obamacare may once again wind up before the Supreme Court now that a federal judge in Texas has ruled that the law is unconstitutional. U.S. District Court Judge Reed O'Connor ruled on...

  • District of Columbia

    CBO Offers 121 Ways to Shrink the Deficit

    By The Fiscal Times Staff

    The Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...

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