Jobs IRLDecoding DemocracyA Warmer WorldI've Always Wondered ...

Loading...

0:00
0% played
Stories Tagged as

Tax cuts

National Debt

Tax breaks are popular. They also cost the federal government more than $1 trillion a year.

by Kimberly Adams
May 24, 2024
In the debate over the debt and deficit, experts say tax breaks that skew toward the wealthy deserve as close a look as government spending.
“The IRS has basically been turned into not just a revenue-collection agency, but also basically a welfare agency having to give people goodies and tax breaks for all sorts of different things that they do," economist Gerald Prante says.
Michael Bocchieri/Getty Images
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

How corporate lobbying changed the 2017 tax overhaul

by Andie Corban and Kimberly Adams
Jan 3, 2020
Corporate lobbyists won big under the Treasury Department's rules and regulations to implement the bill.
President Donald Trump and Secretary of Treasury Steven Mnuchin in 2017.
Pool/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE

The budget deficit last topped $1 trillion in 2012, a very different time

by Scott Tong
Sep 13, 2019
Back then, the economy was struggling its way out of recession. Now? Not so much.
The U.S. Treasury Department announced Thursday the government deficit has topped $1 trillion for the first time in seven years. Above, the Treasury Department building in Washington, D.C.
Chip Somodevilla/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Kai Explains

How tax cuts get "paid for"

by Kai Ryssdal and Maria Hollenhorst
Jul 11, 2019
Can a tax cut pay for itself? We dive into the language used by the president's chief economic adviser.
Who paid for the beer?
Photo by Peter Macdiarmid/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE

Oxfam says tax cuts have benefited the rich

by Mitchell Hartman
Jan 21, 2019
Oxfam, the international anti-poverty organization, released a report Friday on how the world’s billionaires and poor people are doing economically. And the short answer is: the former are up while the latter are down. Oxfam crunched the income and wealth numbers based on data from Forbes’ annual billionaires list and Credit Suisse’s “Wealth Databook.” The […]
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE

IRS releases final rules on deductions for "pass-through" businesses

by Marielle Segarra
Jan 18, 2019
You won't find a lot of simple yes-and-no answers in the 247-page document.
Win McNamee/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

What business investment says about our economy's future

by Justin Ho
Nov 28, 2018
After the tax law passed last year, Republicans argued that companies would take their tax savings and make big investments in themselves — plants, equipment, trucks, that sort of thing. But over the last year, there are signs that business investment is slowing. GM’s plans to shut down five plants are just the latest example. Economists […]
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

For public good, not for profit.

Donate

As corporate earnings season rolls on, winners and losers emerge

by Mitchell Hartman and Marielle Segarra
Oct 23, 2018
Tariffs are costing some companies plenty. Others are immune, at least for now, and benefiting from tax cuts.
“We have the highest prices in the world right now for aluminum and steel,” said Kristin Dziczek, a vice president at the Center for Automotive Research. Above, Ford Mustangs are assembled at a plant in Flat Rock, Michigan, in 2004.
Bill Pugliano/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

As corporate earnings season rolls on, winners and losers emerge

by Mitchell Hartman and Marielle Segarra
Oct 23, 2018
Tariffs are costing some companies plenty. Others are immune, at least for now, and benefiting from tax cuts.
“We have the highest prices in the world right now for aluminum and steel,” said Kristin Dziczek, a vice president at the Center for Automotive Research. Above, Ford Mustangs are assembled at a plant in Flat Rock, Michigan, in 2004.
Bill Pugliano/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

About those tax cuts that are supposed to pay for themselves

by Kimberly Adams
Oct 18, 2018
There’s been a lot of talk lately about the budget deficit, which, at last count, is up 17 percent over last year. That’s what happens when the government spends $779 billion more than it collects in revenue, also known as taxes. Seems we’re paying the price for one of the biggest tax cuts in history, […]
Senate Majority Leader Sen. Mitch McConnell listens during a news briefing after a weekly Senate Republican policy luncheon Oct. 10, 2018. McConnell blames the budget deficit on social security and Medicare.  
Alex Wong/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE