Tax cuts

The former secretary of state said the Trump administration's attempts to contain the coronavirus are exposing his lack of investment in infrastructure or the country's future.

The truth is, American corporations are sacrificing workers and communities as never before.

Among the report's top findings was that the 2017 Tax Cuts and Jobs Act has resulted in average GDP growth identical to growth prior to the law's enactment.

The 2017 tax overhaul expanded taxpayers' standard deduction but made millions of Americans ineligible to claim a tax break for donating to charities—leading to a decline in giving to these organizations.

Trump 2020 press secretary Kayleigh McEnany argued in response that the Democratic presidential candidate wants to "abolish the American dream."

Senators Bernie Sanders and Elizabeth Warren both blasted FedEx and President Donald Trump's "corporate elite" tax cuts for allowing the courier giant to avoid paying any federal taxes.

The 2019 U.S. federal deficit increased 26 percent over 2018 and has more than doubled since 2015, the Treasury Department said Friday.

Here's to you, Professors Banerjee, Duflo and Kremer. Congratulations! Now tell me whether we should increase or decrease aid to developing nations. Using very short words, please.

The Tax Cuts and Jobs Act sharpened the decline in a tax rate paid by America's 400 wealthiest families, a new analysis shows.

"The underlying consumer is doing well and making more money. More importantly, they're spending more money."

"Cutting budgets is one way to handicap an agency without eliminating it altogether," said Bridget Stomberg, an associate professor of accounting at the Indiana University Kelley School of Business.

The co-author of the Republican tax bill admitted that it's "hard to know" what the economic benefits of the cuts will be as corporate revenues drop 31%

In early May, Georgia's Governor Brian Kemp signed a bill that would make abortion illegal after a fetal heartbeat is detected.

"This is morally wrong, and it's also fiscally unnecessary," Representative Alexandria Ocasio-Cortez of New York said.

Senate Majority Leader Mitch McConnell, not known for grandstanding, has been forced into a marriage of convenience with the ostentatious president.

President Trump's $1.5 trillion tax cuts package fueled profits in the banking sector during 2018.

Under President Donald Trump, the gross national debt hit a new record. But there's more to this figure than first appears.

"Not for business at all, for middle income people," said Donald Trump.

Increased spending in 2018 bumped the deficit up 17 percent to $779 billion in fiscal year 2018.

The poll is less than encouraging news for Republicans ahead of the 2018 midterm elections.

"This is a plan built on quicksand—sinking in the very debt that finances it," said the anti-deficit Committee for a Responsible Federal Budget.

Chief executives earned 312 times more than the average employee during Trump's first year in office.

The U.S. deficit is set to surpass $1 trillion by next year, which would be the highest total since the start of Obama's second term.

This would include cuts to capital gains taxes.

Republicans should craft a plan of action for healthcare reform and education.

President Trump claims this is "the best economy in the history of our country." So why are his own policies wrecking it?

America is taking on record amounts of debt to pay for tax cuts and spending increases, but foreign investors, who currently hold about 43 percent of government debt, might not be interested in purchasing it.

CEOs of America's largest firms have the power to constrain the most dangerous, divisive, and anti-democratic president ever to occupy the Oval Office.

In fiscal year 2018, the Tax Cuts and Jobs Act will cut taxes by about $135 billion, and nearly double that amount in fiscal year 2019, boosting paychecks in the short term.

Since the tax cuts, companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.