The US budget deficit is set to increase sharply following the passage of President Donald Trump's tax cuts and budget plan, at a time when bond yields are already under upward pressure. The Federal Reserve's gradual withdrawal fromShow More Summary
Until we eliminate stock buybacks, income inequality will continue to grow. Trump and Republicans branded their huge corporate tax cut as a way to make American corporations more profitable so they’d invest in more and better jobs. Show More Summary
THE BUYBACK BOONDOGGLE IS BEGGARING AMERICA Trump and Republicans branded their huge corporate tax cut as a way to make American corporations more profitable so they’d invest in more and better jobs. But they’re buying back their stock...Show More Summary
TRUMP’S HUMONGOUS INFRASTRUCTURE CON It’s the biggest Trump con since he told Americans the tax cut would help them more than the rich. He’s calling for a $1.5 trillion boost in infrastructure spending – but he’s proposing just $200Show More Summary
My favorite thing about yesterday’s apparent Democratic victory in Pennsylvania 18 yesterday was this: Republicans had banked heavily on selling their tax cuts to voters as proof that they’re getting things done for working- and middle-class people. But in the final days, Republicans dialed down their messaging about the tax cuts, because it wasn’t working. Also: […]
John Cochrane recently noted: Stock Buybacks Are Proof of Tax Reform’s Success… A short oped for the Wall Street Journal here on stock buybacks. As usual, they ask me not to post the whole thing for 30 days though you can find it ungated if you search. Show More Summary
Many large companies managed to get some good publicity by announcing bonuses for their workers which they said were the fruits of the tax cuts. We, of course, have no way of knowing the extent to which these bonuses were due to theShow More Summary
Apparently, America's small business owners are too dumb to realize how great the tax cuts were. The Trump administration told us that the corporate tax cuts would lead to a massive boom in investment which would increase the capital stock by one third above the baseline projection. Show More Summary
Photo by 401(k) 2012 via Flickr The Tax Cuts and Jobs Act (TCJA) prompted the Internal Revenue Service this week to reissue some tax-related inflation adjustments. However, one area was not affected by the TCJA's provisions. The amounts you can contribute in 2018 to your tax-favored retirement accounts did not change. Show More Summary
The 2017 Tax Cuts and Jobs Act (TCJA) was the most far-reaching tax legislation since the Tax Reform Act of 1986 (TRA86). It also put...
The consumer comfort index rose last week to 56.8, the second-highest level since 2001, as the benefits of increased take-home pay from tax cuts outweighed concerns about stock-market volatility.READ MORE www.metrointel.com
WASHINGTON — You were told the Republican tax bill would cut your taxes. But in the end, you may not have any more money in your pocket. That’s because higher health care premiums will cancel out …... The post How your Trump tax cut could get eaten up by something else he did...
Canada appears to be taking the brunt of political and economic uncertainty occurring in North America. A potential renegotiation of NAFTA, US tax cuts, and a weakening oil and gas industry are leaving investors wary of future economic growth in Canada. Show More Summary
Yes, you did read my 10-part 2018 tax year inflation adjustments series last year. Thank you. Then Congress and the prez went and changed the laws, meaning the adjustments had to be adjusted. Here are some of the key inflation changes...Show More Summary
Two new surveys suggest that the Trump tax cuts won’t be the electoral boon that Republicans hoped they’d be.
Readers of this blog know that I am an advocate of demand-side economic policy. Logic and experience have established the failure of tax cuts for the wealthy to improve the economic condition of most Americans. Even some beneficiaries...Show More Summary
AP Photo/Julio Cortez, File Walmart employee Kenneth White scans items at a store in North Bergen, New Jersey. Y ou don’t need to follow the president’s Twitter feed to read glowing accounts of the massive tax cuts he championed through Congress late last year. Show More Summary
Wall Street Journal op-ed: The TurboTax Defense, by James Freeman: A New York Times correction blames the popular software, but a liberal academic still isn’t satisfied. The search continues for Americans who will not benefit from the Trump tax cuts on individual and corporate income. The New York Times has...
President Donald Trump hosts Republican lawmakers for lunch and a discussion of tax legislation, at the White House in Washington, Dec. 13, 2017. From left: Rep. Don Young (R-Alaska), Rep. Diane Black (R-Tenn.), Rep. Kevin Brady (R-Texas), Trump and Sen. Show More Summary