Taxes
  • 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

    Republicans to Push for More Tax Cuts, Balanced Budget Amendment

    By Michael Rainey

    The Hill reports that Congress, having passed a $1.5 trillion tax cut in December and a $1.3 trillion spending package just last week, isn’t sure what to do next. Lawmakers may turn to infrastructure...

  • US Borrowing Nearly $300 Billion This Week

    By Michael Rainey

    The Treasury Department plans to sell a record $294 billion worth of bills and notes this week, according to Bloomberg . The tax cuts signed into law by President Trump are causing a decline in...

  • Chart of the Day: Big Tax Cut Winners

    By Michael Rainey

    Just 17 publicly-held U.S. oil and gas companies have reported a combined $25 billion in direct, one-time benefits from the GOP tax overhaul, according to an analysis in Pacific Standard . ExxonMobil...

  • Business Economists More Optimistic on Growth After Tax Cuts, Spending Increases

    By Michael Rainey

    While the omnibus spending bill is still making political waves in Washington, business economists like what they are seeing in current fiscal policy. The latest survey from the National Association...

  • Does the IRS Need a Bigger Budget?

    By Michael Rainey

    The IRS is receiving an extra $320 million to help cover the costs of implementing the Republican tax overhaul, funds that can be used over the next 18 months to assist taxpayers, revise hundreds of...

Taxes Directory

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