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...

  • File photo of House Ways and Means Committee Chairman Brady questioning witness at Joint Economic Committee hearing in Washington

    The Timetable for Round Two of Tax Reform

    At a Washington Post event Tuesday marking the six-month anniversary of the GOP tax plan, Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee, laid out his timetable for the...

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

    Churches Hit by New Tax Law

    By Michael Rainey

    Non-profits including churches and synagogues are being hit with a new tax thanks to a rule change that went into effect this year. The Republican tax legislation passed last December imposed a 21...

  • Paul Ryan with tax return postcard

    Postcard Tax Form Off to a Rough Start

    By Michael Rainey

    The Treasury Department is expected to release its long-promised “postcard” tax form this week, but the reviews of a draft version published by The New York Times suggest that Republicans have a long...

  • President Donald Trump speaks to the media after the Congressional Republican Leadership retreat

    Republicans Want to Talk About Taxes – but Trump Keeps Changing the Subject

    By Michael Rainey

    Every week, Republican lawmakers plan to promote the tax cuts and the surging economy, and every week President Trump sparks some kind of controversy that utterly dominates the news cycle. Dave...

  • Tax Loophole Could Give Pension Funds a Boost

    By Michael Rainey

    Some companies can get an extra tax break on contributions to their pension funds this year, but they have to hurry to take advantage of a one-time rule change, according to The Wall Street Journal...

Taxes Directory

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