Taxes
How to Save $4 Trillion in Tax Cuts? Fake It.
Behold the explosive gimmickry of budget reconciliation.
Long Read
U.S. Economic Growth Expected to Flatline in 2025. Tariffs Are the Main Reason.
The latest outlook from the Peterson Institute for International Economics indicates the country might avoid a recession.
4 minute read
Can’t File Your Taxes Today? How to Avoid IRS Fines.
Laggard taxpayers can easily get a filing extension to Oct. 15, though they must pay the money they owe now.
3 minute read
U.S. Budget Deficit Widens to $1.3 Trillion as Interest on Public Debt Hits Record
The unadjusted number was a little more than $1 trillion in the comparable period a year earlier.
3 minute read
House Advances Trump Tax Cuts as GOP Promises to Slash Spending. Don’t Count On It.
The House of Representatives on Thursday approved a budget resolution that dropped a previous commitment to slash at least $1.5 trillion in spending over 10 years.
4 minute read
Tariffs Raises the Stakes on Tax-Cut Extension. Debt Hawks Are a Roadblock.
A continuation of the 2017 cuts, and reductions in other areas, would offset the economic damage from President Donald Trump’s aggressive trade policies.
4 minute read
Trump Won’t Get His Third Term, But His Talk Matters to Markets
President Donald Trump is under more pressure than it seems to accomplish his agenda, writes Matt Gertken in a guest commentary.
4 minute read
Tax Swindlers Are Thriving. The Turmoil at the IRS Doesn’t Help.
Beware of fraudulent IRS websites or any attempts to dupe taxpayers into supplying personal information.
Long Read
IRS to Return Thousands of Fired Workers to Their Jobs Just Before Tax Day
After initially being reinstated to paid leave, the workers are getting their full-time jobs back.
2 minute read
Why Tariffs Have JPMorgan Raising Chances of U.S. Recession to 60%. ‘There Will Be Blood.’
JPMorgan anticipates the levy hike will be amplified by retaliation and a decrease in U.S. business sentiment.
1 minute read
