Taxes
  • Andrew Cuomo, Governor of New York, speaks to members of the press at Trump Tower in New York City, U.S. January 18, 2017. REUTERS/Stephanie Keith

    4 Blue States Sue Over GOP Tax Law

    By Michael Rainey

    Four states sued the federal government Tuesday, claiming that the new $10,000 limit on state and local tax (SALT) deductions is an “unconstitutional assault on states’ sovereign choices.” The suit...

  • Treasury Rule Change Protects ‘Dark Money’ Donors

    The U.S. Treasury said Monday that it will no longer require certain tax-exempt organizations to identify their donors to the IRS. The policy change will free labor unions and other groups, including...

  • The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009. REUTERS/Chip East/Files

    Stock Buybacks Soar to Another Record

    By Michael Rainey

    U.S. companies announced more than $346 billion in share buybacks in the second quarter of 2018, according to data released by the investment research firm TrimTabs last week, shattering the previous...

  • 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...

  • Could California’s Gas-Tax Battle Decide Who Controls Congress?

    By The Fiscal Times Staff

    California lawmakers last year passed a 12-cent gasoline tax to fund a campaign to fix the state’s roads and bridges. Now, The New York Times’ Adam Nagourney reports, a ballot measure to repeal the...

  • Worrying About the Next Recession

    When will the next recession hit? It’s been more than nine years since the Great Recession officially ended , and the U.S. economy is about a year away from passing the 1990s expansion to become the...

  • A woman pumps gas at a station in Falls Church

    Hitting the Gas: 7 States Raise Fuel Taxes

    Seven states raised their gas taxes Sunday. “The reasons for these increases vary, but most will inject new funds into infrastructure maintenance and construction projects,” according to Carl Davis,...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    The ‘Postcard’ 1040 Has Arrived

    By Michael Rainey

    The Treasury Department and the IRS released the revised 1040 tax form Friday, questionably fulfilling a long-running Republican pledge to fit your taxes on a postcard. The new form, which will...

  • Larry Kudlow Says Business Investment Is Booming. Is It?

    By Michael Rainey

    In his interview with Fox Business Friday, Larry Kudlow also said that the new tax law has sparked a capex spending boom as businesses turn their tax cut windfalls into productive investments. “The...

Taxes Directory

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