IRS Releases New Tax Brackets for 2025 | The Fiscal Times
Oct 22, 2024 · The IRS announced Tuesday that the standard deduction would increase by $800 for the 2025 tax year, rising to $30,000 for couples filing jointly. Single filers will see a $400 bump, to $15,000 ...
Harris Economic Plan 'Vastly Superior,' 23 Nobel Prize Winners Say
Oct 23, 2024 · 23 Nobel Laureates Call Harris’s Economic Plan ‘Vastly Superior’ to Trump’s. A group of 23 Nobel Prize-winning economists released a letter Wednesday in which they expressed support for ...
Why Republicans, Democrats Think Differently About Taxes
Aug 18, 2020 · Opinions about tax policy are divided in the U.S. along fairly predictable partisan lines, with Republicans typically expressing preferences for lower taxes compared to Democrats, but how do those ...
Trump Economic Plan Would Spur Inflation, Slow Growth: Analysis
Sep 26, 2024 · Former President Donald Trump’s plan to raise tariffs on imported goods and deport millions of undocumented immigrants would be a double whammy for the U.S. economy, reducing economic growth ...
A New Verdict on the Trump Tax Cuts | The Fiscal Times
Mar 5, 2024 · Trump-Era Corporate Tax Cuts Boosted Investment, but Did Not Pay for Themselves: Analysis. The corporate tax cuts included in the 2017 Tax Cuts and Jobs Act helped boost business investment while ...
Johnson Sets Up Doomed Vote on Funding Bill | The Fiscal Times
Sep 17, 2024 · House Speaker Mike Johnson announced Tuesday that he plans to go ahead with a floor vote on a continuing resolution that would fund the government for the first six months of the new fiscal year ...
Blowout Job Growth Points to ‘Mother of All Soft Landings’
Oct 4, 2024 · In a sign that the U.S. economy is still chugging along nicely, job growth blew past expectations in September as payrolls increased by 254,000, the Labor Department reported Friday. The ...
Bill Clinton’s Surplus Miracle, 20 Years Later | The Fiscal Times
Jun 22, 2018 · Standing behind a podium in the Rose Garden, President Bill Clinton delivered a bold prediction 20 years ago. “Well ahead of the most ambitious schedule, America has balanced the budget,” he ...
Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
Aug 27, 2024 · Trump Economic Plans Would Cost More Than $4 Trillion: Analysis. An array of tax and spending proposals put forth by former President Donald Trump would raise the federal budget deficit by more ...
House Republicans Advance a 2025 Budget Plan | The Fiscal Times
Mar 7, 2024 · Even as Congress tries to wrap up the drawn-out appropriations process for the 2024 fiscal year, which started back in October, lawmakers are also eager to turn the page to the 2025 budget.