• District of Columbia

    CBO Offers 121 Ways to Shrink the Deficit

    By The Fiscal Times Staff

    The Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...

  • U.S. President Trump participates in tour of U.S.-Mexico border wall prototypes near Otay Mesa Port of Entry in San Diego, California

    Boxed In by Trump, GOP Hurtles Toward a Shutdown

    By Michael Rainey

    House Republicans considered moving forward with a bill that would have given President Trump the $5 billion he has demanded for border wall construction, but it looks like they’re leaving town...

  • Marco Rubio, 44

    Marco Rubio’s Surprise Critique of the GOP Tax Bill

    By Michael Rainey

    Sen. Marco Rubio (R-FL) tackled the decline of the American dream in an essay published by The Atlantic Thursday, and in doing so offered some sharp criticism of the 2017 Republican tax overhaul – a...

  • Moody’s Warns of Declining US Fiscal Strength

    By The Fiscal Times Staff

    Trump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...

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

    Inside the Remarkable — and Costly — Decline of the IRS

    By Michael Rainey

    Weighed down by budget cuts and staff reductions, the number of audits performed by the Internal Revenue Service has been dropping for years. A new report from ProPublica and The Atlantic takes a...

  • US Debt Issuance Headed for a Record High

    By Michael Rainey

    Bond traders expect the U.S. Treasury to announce record-setting debt sales at the end of the month, Bloomberg’s Liz McCormick says : “Many strategists at primary-dealer firms predict that 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

    A Trump Tax Cut Promise Is Falling Flat

    Friday’s GDP report showed that the economy grew at a healthy 3.5 percent annual rate from July through September, extending one of the strongest stretches in recent years — and yet it also...

  • 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

    Trump’s Middle-Class Tax Cut Will Have to Wait

    By The Fiscal Times Staff

    House Ways and Means Committee Chair Kevin Brady (R-TX) said Friday that any action on President Trump’s somewhat mysterious promise of a 10 percent tax cut for middle-class households will have to...

  • Trump Economy Is Booming – but Tax Cuts Aren’t the Reason

    By Michael Rainey

    The U.S. economy is still expanding at a solid pace, with third-quarter GDP growth hitting 3.5 percent according to an initial estimate released by the Commerce Department Friday. Growth has eased a...

  • Senator Harris questions DHS Secretary Nielsen during Senate Homeland Security and Governmental Affairs Committee hearing in Washington

    Putting a Price Tag on Sen. Kamala Harris’ Working-Class Tax Cut

    By Michael Rainey

    Sen. Kamala Harris (D-CA) made a splash last week with a tax proposal designed to assist low- and middle-income households – and to provide a strong contrast to the Republican tax cuts that went into...

Taxes Directory

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