The Fiscal Times | Page 3 |

Newsletter

US Household Net Worth Grew to $107 Trillion in Q2

Boosted by higher property values and stock prices, the total net worth of U.S. households grew by almost $2.2 trillion in the second quarter of this year, reaching nearly $107 trillion, the Federal...
Chart of the Day: GDP Growth Before and After the Tax Bill

President Trump and the rest of the GOP are celebrating the recent burst in economic growth in the wake of the tax cuts, with the president claiming that it’s unprecedented and defies what the...

Are Deficit Hawks Dead or Just Playing Possum?

“The deficits hawks are dead,” declared Paul Kane, The Washington Post’s senior congressional correspondent and columnist, in a piece over the weekend. It’s easy to see why Kane says that, and there’...
Kudlow: ‘I Don’t Buy’ That Tax Cuts Boosted Deficit

Larry Kudlow is at it again. Speaking at the Economic Club of New York, the top economic adviser to President Trump said that, while the administration is looking to cut federal spending — including...
Why Trillions in Offshore Profits May Stay Offshore

The tax law that went into effect this year imposed a one-time, reduced tax on profits held overseas by U.S. companies. The tax holiday was designed to encourage corporations to bring money home, to...
Chart of the Day: Evolving Price of the F-35

The 2019 National Defense Authorization Act signed in August included 77 F-35 Lightning II jets for the Defense Department, but Congress decided to bump up that number in the defense spending bill...
Tax Cuts Put the Brakes on Bracket Creep

Receipts from individual income taxes tend to rise every year due to what economists call “bracket creep” – the movement of more taxpayers into higher tax brackets over time, even as tax rates stay...