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Tax cuts

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
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Bank earnings are way, waaay up. Here’s why.

by Erika Beras
Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story. 
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Bank earnings are way, waaay up. Here’s why.

by Erika Beras
Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story. 
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Why big companies are buying up their own stocks

by Marielle Segarra
Aug 7, 2018
Buybacks among S&P 500 companies are projected to hit $1 trillion this year.
Spencer Platt/Getty Images
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Automakers release sales figures and ponder the road ahead

by Mitchell Hartman
Aug 1, 2018
The big U.S. and foreign automakers release their July sales numbers Wednesday. Car and light-truck sales have been strong so far this year — with consumer confidence up, the job market good, and people banking a little more income from the recent tax cuts. How does the rest of the year look for automakers? Click […]
Cars are prepared for distribution at a Ford factory on January 13, 2015. 
Carl Court/Getty Images
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Small business is on a roll

by Mitchell Hartman
Jul 10, 2018
The National Federation of Independent Business reports small-business optimism remains near a record high.
Visual Hunt
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Tax Bill 2017

Forecast is sunny for business

by Mitchell Hartman
Apr 23, 2018
But economists say more hiring and bigger profits ahead have little to do with tax cuts.
U.S. House Speaker Paul Ryan (R-WI), flanked by Republican lawmakers, speaks during an enrollment ceremony for the conference report to H.R. 1, the Tax Cuts and Jobs Act that was passed by the House and Senate, on Dec. 21, 2017, in Washington, D.C.
Mark Wilson/Getty Images
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We're heading toward trillion-dollar deficits. Here are 5 things you need to know.

by Kimberly Adams
Apr 10, 2018
The Congressional Budget Office says deficits will nearly equal GDP by 2028. That can't be good, right?
The early morning sun strikes the U.S. Capitol in Washington, D.C. 
Photo by Win McNamee/Getty Images
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Weekly Wrap

A new and uncharted economic territory

by Kai Ryssdal
Feb 23, 2018
What can we expect in this post-tax bill economy?
Jerome Powell at his swearing-in ceremony Feb. 5 at the Federal Reserve in Washington, D.C.
Alex Wong/Getty Images
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Corporate tax cuts could boost shareholders’ balance sheets

by Mitchell Hartman
Dec 19, 2017
The corporate tax cuts included in the Republican tax bill — including a statutory corporate tax rate reduction to 21 percent from 35 percent, lower rates for pass-through businesses, elimination of the corporate alternative minimum tax and a tax holiday for repatriated profits — would deliver a windfall to many American companies. Those that are publicly […]
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