Newsletter

  • Tax Cuts Fuel Record Bank Profits

    Thanks in part to the tax cuts taking effect this year, banks insured by the Federal Deposit Insurance Corporation reported record earnings of $56 billion for the first quarter of 2018. That...

  • Sports Gambling May Not Be a Jackpot for States

    Some states were getting ready to jump into sports gambling even before the U.S. Supreme Court legalized it last week, lining up legislation that would allow their states to cash in as quickly as...

  • File photo of House Ways and Means Committee Chairman Brady questioning witness at Joint Economic Committee hearing in Washington

    Kevin Brady Introduces Welfare Reform Bill

    The Tax Policy Center’s Daily Deduction reports that Rep. Kevin Brady (R-TX), chair of the House Ways and Means Committee on Friday introduced The Jobs and Opportunity with Benefits and Services (...

  • The Alternative Minimum Tax, designed to make sure the wealthy pay income tax, will hit nearly 29 million people unless Congress acts before the end of this year

    Who Will Pay the AMT in 2018?

    The GOP tax cuts expanded an exemption for the Alternative Minimum Tax (AMT) and changed tax breaks that often triggered the tax. As a result, The Wall Street Journal’s Laura Saunders reports , “This...

  • United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo

    Rates on US Bonds Now Higher Than for Other Developed Countries

    Rising interest rates in the U.S. have pushed the yield on 10-year Treasury bonds higher than the yields for similar government bonds from seven major developed countries for the first times since...