Taxes
  • FILE PHOTO - A man, wearing a hat with an embroidery of the U.S. flag, votes on election day at a polling station in Harlem, New York, U.S., November 8, 2016. REUTERS/Bria Webb/File Photo

    What the Exit Polls Revealed on Taxes and Health Care

    By The Fiscal Times Staff

    Here's what exit polls told us about some key issues: 45 percent: NBC News’ exit poll found that 45 percent of voters said the Republican tax cuts had no impact on their personal finances, compared...

  • Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi speak at the National Press Club in Washington

    Dems Will Target GOP Tax Cuts in the New Year

    By Michael Rainey

    Democrats will attempt to undo tax cuts for wealthy households when they take over the House in January, The Wall Street Journal’s Richard Rubin reports . The move will likely come as part of an...

  • Pelosi leads Democratic members of Congress in a rally at the U.S. Capitol in Washington

    What Should Democrats Do Now That They’ve Won the House?

    By Michael Rainey

    With Democrats winning control of the House Tuesday, political experts are lining up to give advice on what they should do with their new powers. While there’s little chance of enacting significant...

  • The Wall Street bull is seen in the financial district in New York

    Share Buybacks Come Roaring Back

    By Michael Rainey

    Publicly-traded U.S. corporations have resumed share buybacks at a torrid pace, following an informal blackout period prior to third-quarter earnings announcements, CNBC reported Thursday. Analysts...

  • An unidentified voter casts his ballot at a local polling station in Miami

    5 Tax and Spending Takeaways from the Midterm Elections

    By Michael Rainey

    Tuesday’s election results changed the outlook for some key tax and spending proposals. Here are 5 takeaways from the midterm vote: 1. The GOP’s “tax cuts 2.0” effort is dead. The Republican plan to...

  • U.S. President-elect Donald Trump on the sideline of a press conference in New York

    What Trump’s Reported Tax Dodges Say About the US System

    The New York Times dropped a bombshell Tuesday with its report detailing how President Donald Trump received the equivalent of $413 million in today’s dollars from his father’s real estate empire,...

  • Tax Cuts (Still) Not Boosting Wages

    By Michael Rainey

    Three new surveys confirm what some critics of the GOP tax cuts have been saying all along: companies aren’t sharing much of their tax-cut windfall with workers in the form of higher wages. While...

  • FILE PHOTO: An Amazon pickup location is seen at the University of California in Berkeley, California, U.S. August 14, 2017. Reuters/Jeffrey Dastin/File Photo

    Why Amazon’s $15 Minimum Wage Matters

    Amazon announced on Tuesday that it will raise its minimum wage for all employees to $15 an hour effective next month — and will work to build congressional support for raising the federal minimum...

  • It’s a Great Time to Be a Tax Cheat

    By Michael Rainey

    With a reduced staff and a shift in focus away from basic fraud, the IRS is pursuing fewer tax evasion cases than it did 10 years ago, according to an analysis released Monday by ProPublica and The...

  • U.S. President Trump arrives to discuss trade deal in the Rose Garden of the White House in Washington

    What’s in Trump’s New NAFTA?

    By Michael Rainey

    President Trump announced a new trade deal with Canada and Mexico Monday that is intended to replace NAFTA, the 24-year-old trade agreement that regulates roughly $1.2 trillion worth of trade between...

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