Newsletter

  • Winners and Losers from the GOP Tax Cuts This Year

    Bloomberg’s Ben Steverman and Marie Patino took a look at some representative households to see who’s winning and who’s losing under the Republican tax cuts this filing season. While most taxpayers...

  • US Posts Biggest Monthly Budget Deficit Ever

    The federal government posted the largest monthly budget deficit in history in February, with outlays exceeding revenues by $234 billion, the Treasury Department said Friday. The fiscal gap surpassed...

  • IRS Eases Penalty for Taxpayers Who Paid Too Little

    Taxpayers who had too little withheld from their paychecks in 2018 now have a little more room to breathe. The IRS on Friday lowered the withholding underpayment threshold to 80 percent for the 2018...

  • U.S. President Trump sits at his desk before signing bills at the White House in Washington

    A Trump Landslide in 2020?

    Despite low approval ratings, constant controversy and the perpetual peril of numerous ongoing investigations, multiple economic models with successful track records of picking presidential winners...

  • 42. District of Columbia

    Individual Income Taxes Make Up Majority of Federal Revenue for the First Time

    Income taxes paid by individuals made up the majority of federal revenue for the first time last year, according to an analysis released Wednesday by the Joint Committee on Taxation. The chart below...