Taxes
  • Top White House economic adviser Larry Kudlow speaks at the White House in Washington

    Is This an Economic Boom or Just a Blip?

    By Michael Rainey

    Most mainstream economists think the booming GDP growth recorded in the fourth quarter will ease toward the end of the year, but President Donald Trump’s chief economic adviser Larry Kudlow says...

  • Why Pensions Are the Hot New Tax Shelters

    By Michael Rainey

    Traditional pension plans are being used by some doctors, lawyers and other wealthy small business owners to shield hundreds of thousands of dollars in income from taxes, Bloomberg’s Ben Steverman...

  • How the Tax Cuts Could Raise Wages – and Why They Might Not

    By Michael Rainey

    Wages don’t seem to be rising in the wake of the corporate tax cuts that went into effect this year, and many critics of the GOP tax overhaul say there’s little reason to think they will. But the...

  • Are Tax Revenues Really Rising?

    By Michael Rainey

    A Wall Street Journal editorial this past weekend took aim at the idea that the Republican tax cuts have much to do with rising deficits. “Perhaps you’ve read that the federal budget deficit is...

  • A man walks his dog past a mural depicting factory workers in the historic Pullman neighborhood in Chicago November 20, 2014.      REUTERS/Andrew Nelles/File Photo

    Economic Growth Gets a Downgrade

    By Michael Rainey

    The Congressional Budget Office reduced its estimate for the growth rate of the U.S. economy in 2018 to 3.1 percent, down from its estimate of 3.3. percent in April. The CBO’s estimate for 2019...

  • 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...

  • Corporate Taxes Hit a Record Low

    By Michael Rainey

    The economy grew a little slower in the first quarter of 2018 than previously estimated, the Commerce Department announced Thursday, with the latest estimate for GDP growth coming in at 2 percent, a...

Taxes Directory

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