Taxes
  • The Great Debt Debate

    By Michael Rainey

    We told you last week about a new paper from economist Olivier Blanchard that caused a stir by suggesting that government debt may be less problematic than many experts have believed. Blanchard found...

  • Economists: It's Time for a Carbon Tax That Pays Dividends

    By Michael Rainey

    Dozens of prominent economists with extensive experience in government service signed a statement in Thursday’s Wall Street Journal calling for a carbon tax. “Global climate change is a serious...

  • The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. The company is set to announce its first quarter earnings. REUTERS/Robert Galbraith  (UNITED STATES - Tags: BUSINESS SCIENCE

    How 4 Big US Companies Used Their Tax Cuts

    By Michael Rainey

    Bloomberg’s Laura Davison looked at what some major American corporations did with the tax cut windfalls they received in 2018. How did Apple, Walt Disney, Visa International and Starbucks use their...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Is the ‘Era of Tax Reductions’ Over?

    By Michael Rainey

    If Greg Valliere, chief global strategist at Horizon Investments, is correct, Wall Street should be worried about the rise of Rep. Alexandria Ocasio-Cortez (D-NY). In a note to clients Wednesday,...

  • Democratic congressional candidate Alexandria Ocasio-Cortez speaks at her midterm election night party in New York City

    The Ongoing Fight Over Ocasio-Cortez’s 70% Top Tax Bracket

    By Michael Rainey

    The lively debate over the proposal by Rep. Alexandria Ocasio-Cortez (D-NY) to raise the top marginal tax rate to 70 percent continues, as it no doubt will for many months to come, with former...

  • 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...

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

    3 Ways Democrats Could Roll Back Trump’s Tax Cuts

    By Michael Rainey

    With President Trump in office until at least 2020, Democrats won’t have the opportunity to enact their own tax legislation for several years, but party leaders are already talking about their...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    How Congress Got So Broken

    The founders of the United States envisioned Congress as a co-equal branch of government, but that model of government “is effectively dead,” a new analysis by The Washington Post and ProPublica...

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