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...

  • File photo of House Ways and Means Committee Chairman Brady questioning witness at Joint Economic Committee hearing in Washington

    Kevin Brady: We’re On Track for Tax Cuts 2.0

    By Michael Rainey

    Republicans plan to vote on a second round of tax cuts in September, House Ways and Means Committee Chairman Kevin Brady (R-TX) told Fox Business Network’s Maria Bartiromo Wednesday morning. Brady...

  • GOP Tax Cuts Aren’t Boosting Wages

    By Michael Rainey

    Inflation-adjusted wages have fallen for three straight quarters on a year-over-year basis, according to data released by the Labor Department Tuesday. MarketWatch’s Steve Goldstein provided a chart...

  • FILE PHOTO: Kudlow gives a press briefing at the White House in Washington

    Kudlow: Tax Cuts 2.0, 3.0 and 4.0 May Be Coming

    Larry Kudlow, director of President Trump’s National Economic Council, sat down for a wide-ranging interview with CNBC’s Jim Cramer Wednesday morning in New York. Kudlow made headlines last month by...

  • Mulvaney listens as U.S. President Donald Trump meets with members of the Republican Study Committee at the White House in Washington

    The White House Makes a ‘Trillion-Dollar Admission’

    The White House Office of Management and Budget on Friday released its updated annual budget request , known as the mid-session review. The numbers don’t mean much given that the president’s budget...

  • 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...

Taxes Directory

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