Taxes
  • Trump Economists Say GDP Growth Will Fall Short of 3%

    By Michael Rainey

    President Trump and Republican lawmakers promised an economic boom in the wake of their tax cut package in 2017, but growth rates have remained below 3% annually – well below the 5% touted by the...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    In Search of the ‘Disappearing Corporate Income Tax’

    By Michael Rainey

    Lawmakers clashed on Tuesday over the performance of the 2017 Tax Cuts and Jobs Act in a House Ways and Means Committee hearing titled “The Disappearing Corporate Income Tax,” with Democrats arguing...

  • Copies of U.S. President Donald Trump's FY2021 budget proposal on display in Capitol Hill in Washington, U.S.

    Trump’s $4.8 Trillion Fiscal Fantasy

    By Yuval Rosenberg and Michael Rainey

    The Trump White House on Monday released a $4.8 trillion budget for 2021 that calls for steep reductions in spending on safety net programs including Medicaid while proposing greater outlays for the...

  • What to Look For in Trump’s 2021 Budget: CBPP

    By Michael Rainey

    President Trump’s agenda for a possible second term is still on the drawing board, according to The Wall Street Journal’s Andrew Restucci, and aides are reportedly in the early stages of drafting...

  • U.S. President Trump delivers State of the Union address at the U.S. Capitol in Washington

    5 Whoppers From Trump’s State of the Union Address

    By Michael Rainey

    President Trump delivered a polarizing, reality-show tinged State of the Union address Tuesday in which he claimed credit for three years of solid economic growth while making more than 30 “dubious...

  • Senator Elizabeth Warren delivers a major policy speech  in Washington

    Warren Offers a Wealth Tax Calculator for Worried Billionaires

    By Michael Rainey

    Elizabeth Warren’s proposed wealth tax seems to have unsettled some of the country’s wealthiest citizens, inspiring criticism from the likes of Bill Gates and Leon Cooperman — and maybe playing a...

  • Former U.S. Secretary of State Clinton appears on stage at the Women in the World Summit

    Hillary Clinton: Warren’s Medicare for All Plan Won’t Ever Get Enacted

    Hillary Clinton said Wednesday that she doesn’t believe Elizabeth Warren’s Medicare-for-All plan would ever become law and that there are better ways to raise revenues than Warren’s proposed wealth...

  • Number of the Day: $13 Billion

    By The Fiscal Times Staff

    That’s how much Microsoft founder Bill Gates would pay in federal taxes this year under Elizabeth Warren’s proposed wealth taxes, according to back-of-envelope calculations by CNBC’s Robert Frank (...

  • Sen. Van Hollen announces a bipartisan agreement on Turkey sanctions during a news conference in Washington

    Democrats Propose New Tax on Millionaires

    By Michael Rainey

    Two Democratic lawmakers unveiled a plan Thursday that would raise taxes on high-income households. Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia are proposing a 10-percentage...

  • FILE PHOTO - Kentucky Governor Matt Bevin introduces US Vice President Mike Pence to speak about the American Health Care Act during a visit to the Harshaw-Trane Parts and Distribution Center in Louisville

    Medicaid Work Requirements Dealt a Loss in Elections

    By Michael Rainey

    The effort to impose work requirements on Medicaid beneficiaries experienced a setback Tuesday with the apparent defeat of Kentucky Gov. Matt Bevin. Bevin, a Republican, hasn’t conceded defeat in his...