Taxes
  • 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...

  • Tax Cuts Still Not Paying for Themselves

    By Michael Rainey

    The latest budget data shows, once again, that the tax cuts are not paying for themselves. “It’s time to put to rest any notion that President Trump’s signature tax cuts are paying for themselves...

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

    Ocasio-Cortez’s Tax Bombshell: Is a 70% Top Rate Too High, or Not High Enough?

    By Michael Rainey

    Political Rorschach test Rep. Alexandria Ocasio-Cortez (D-NY) sparked a lively fiscal debate this week after suggesting in an interview that the top marginal tax rate in the U.S. should be as high as...

  • The Economy’s Coming Wile E. Coyote Moment

    By Michael Rainey

    Most economists think that the “sugar high” in the economy produced by simultaneous tax cuts and federal spending increases this year will fizzle at some in the next few quarters, at which point GDP...

  • Companies Are Using Their Tax Cut Windfall to Pay Down Debt: Moody’s

    By Michael Rainey

    What are companies doing with their tax cut windfalls? In addition to boosting shareholder returns through buybacks and dividends (more on that here , here and here ), U.S. corporations are placing a...

  • FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

    Amazon Got More Than $2 Billion in HQ2 Sweeteners

    Amazon confirmed on Tuesday that it will build two new headquarters in New York City and Northern Virginia while also adding a smaller site in Nashville that will deal with operations and logistics...

  • Deficit Hit $100 Billion in October

    By The Fiscal Times Staff

    The U.S. government spent $353 billion in October while revenues came in at $253 billion, producing a deficit of $100 billion. Receipts were 7 percent higher than a year ago, but spending was up 18...

  • Brady Ryan GOP Tax Plan

    The GOP Tax Cuts 10 Months In: What's Working, What's Not

    By Michael Rainey

    The $1.5 trillion Republican tax overhaul came with some big promises, including faster economic growth, increased business investment and significantly higher wages for American workers. Ten months...

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