Drugmakers Are Revealing Their Prices. Prepare to Be Confused and Outraged.
Fact Check: Did Trump Bring Down Drug Prices for the First Time in 50 Years?
Are US Workers More Highly Taxed Than They Think?
Would Medicare for All Cost More Than the Current System?
In the past decade, people, companies and unions have dispensed more than $1 billion in dark money, according to the Center for Responsive Politics. The very definition of that phrase, to many...
With tax season ending this week for most Americans, Howard Gleckman of the Tax Policy Center has boiled down the effects of the new tax law for the average citizen into just a few numbers. While no...
Does the US Have Enough ‘Fiscal Space’ to Fight the Next Recession?
One common concern about the Republican tax overhaul is that it has weakened the country’s ability to combat the next recession. Some experts worry that the tax-cut driven increase in the budget...
Did the 2017 tax overhaul depress the housing market in 2018? In a new research report, economists Richard Peach and Casey McQuillan at the Federal Reserve Bank of New York say there’s a good chance...
Happy Tax Day! You’ve probably already filed your return for 2018, or at least most taxpayers have. The IRS says that it received more than 103 million returns by April 5 — and issued nearly 78...
Number of the Day: A $600 Billion Tax Gap?
The most recent IRS estimate of the tax gap — the amount of taxes owed but not paid voluntarily or in a timely manner — put the net figure at $406 billion a year from 2008 to 2010. But William G...
The Tax Policy Center estimates that about 65 percent of households got a tax break on their 2018 incomes – but taxpayers aren’t seeing it that way. “If you’re an American taxpayer, you probably got...
The GOP’s 2017 tax overhaul slashed the top corporate tax rate from 35% to 21% and, not surprisingly, business income tax revenues have dropped sharply. A combination of lower tax rates and more...
Consumer sentiment dropped slightly in the latest University of Michigan survey, with the index registering 96.9 in April, compared to 98.4 in March. Richard Curtin, the survey’s chief economist,...
Are US Workers More Highly Taxed Than They Think?
Workers in many industrialized countries pay more in taxes than Americans do, but those workers also receive more benefits in exchange – benefits that American workers pay for separately. As a result...
According to a new report from the Pew Research Center, Americans show little interest in reducing spending on specific government programs, despite their general lack of trust in the federal...
Walmart’s executive vice president of corporate affairs, Dan Bartlett, responded on Twitter Thursday to a challenge issued by Jeff Bezos to other retailers to match Amazon's $15 minimum wage and...
Sen. Elizabeth Warren (D-MA) is proposing a new tax on corporate profits above $100 million. The presidential candidate says her “Real Corporate Profits Tax” would prevent corporate giants like...
A new report from the Institute on Taxation and Economic Policy that says at least 60 large U.S. companies paid no taxes in 2018 – twice the number the group found in 2017, before the GOP tax cuts...
The federal deficit rose to $691 billion in the first six months of the 2019 fiscal year, up from nearly $600 billion in the same period last year, according to the latest monthly report from the U.S...
Are US Workers More Highly Taxed Than They Think?
Congress Is About to Ban the IRS From Offering Free Online Tax Filing. Thank TurboTax.
Raise Taxes on the Rich, or Cut Them?
Poll of the Day: Paying More, Less or the Same After the New Tax Law?
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