Taxes
  • 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...

  • Treasury Rule Change Protects ‘Dark Money’ Donors

    The U.S. Treasury said Monday that it will no longer require certain tax-exempt organizations to identify their donors to the IRS. The policy change will free labor unions and other groups, including...

  • The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009. REUTERS/Chip East/Files

    Stock Buybacks Soar to Another Record

    By Michael Rainey

    U.S. companies announced more than $346 billion in share buybacks in the second quarter of 2018, according to data released by the investment research firm TrimTabs last week, shattering the previous...

  • Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study

    By Michael Rainey

    Although Republicans have sold their tax cuts as a sure-fire way to create jobs and boost incomes for middle- and working-class Americans, a recent economic study casts more doubt on that still-...

  • Government Revenues Drop as Tax Cuts Kick In

    By Michael Rainey

    Corporate tax receipts in June were 33 percent lower than a year ago, according to data released by the Treasury Department Thursday, as companies made smaller estimated payments due to the reduction...

  • Corporate Taxes Hit a Record Low

    By Michael Rainey

    The economy grew a little slower in the first quarter of 2018 than previously estimated, the Commerce Department announced Thursday, with the latest estimate for GDP growth coming in at 2 percent, a...

  • FILE PHOTO - Supreme Court Associate Justice Anthony Kennedy speaks in the Rose Garden of the White House in Washington

    Two Ways Justice Kennedy’s Retirement Could Affect Your Taxes

    Supreme Court Justice Anthony Kennedy’s decision to retire is roiling Washington, with its potential implications for a wide range of issues , from abortion to voting rights. But Kennedy’s exit could...

  • A congressional aide places a placard on a podium for the House Republican's legislation to overhaul the tax code on Capitol Hill in Washington

    GOP Tax Bill Isn’t Getting Any More Popular

    By Michael Rainey

    Public support for the Republican tax law is falling, according to a new poll from Politico and Morning Consult. Just 37 percent of the 1,989 registered voters polled June 22-24 said they support the...

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

    The Timetable for Round Two of Tax Reform

    At a Washington Post event Tuesday marking the six-month anniversary of the GOP tax plan, Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee, laid out his timetable for the...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    Churches Hit by New Tax Law

    By Michael Rainey

    Non-profits including churches and synagogues are being hit with a new tax thanks to a rule change that went into effect this year. The Republican tax legislation passed last December imposed a 21...

Taxes Directory

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