Taxes
  • 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...

  • A general view of the U.S. Internal Revenue Service (IRS) building in Washington

    Spending Bill Includes $320 Million for IRS to Implement Tax Law

    By Michael Rainey

    A frequent target of Republican scorn, the IRS has seen its budget cut significantly in recent years. But the spending deal for 2018 boosts the agency’s budget by $196 million compared to 2017, for a...

Taxes Directory

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