NYT > Economy
White House and congressional proposals would eliminate the provision, challenging tradition and bipartisan defenders in wealthy and populous states.
Millions of Americans would have the chance to cut their taxes by essentially turning themselves into small business entities.
The government said gross domestic product grew at an annual rate of 0.7 percent in the first quarter, a three-year low, as consumer spending let up.
A psychological quirk leads us to remember headwinds more than tailwinds. But if we recall our advantages, we will be closer to reducing inequality.
The donations to Sean Reyes, a candidate to lead the Federal Trade Commission, aren’t illegal. But their timing shows the power of the political shortlist in Washington.
The vast majority of benefits would go to the highest earners and largest holders of wealth, analysts said, setting up a battle over the government’s strained resources.
Some G.O.P. lawmakers are rallying around the idea that less taxation is more important than less debt, in a break from their party’s vocal deficit hawks.
President Trump says he won’t immediately try to terminate the North American Free Trade Agreement, but some sectors would be vulnerable in a renegotiation.
The alternative minimum tax was enacted to make sure high-income earners didn’t avoid a fair share of tax, but many say its effectiveness has eroded.
The risks and rewards of starting from an extreme negotiating position. (It’s trickier in politics than it is in business.)
A president who campaigned as a fiscal scold offers a tax overhaul that many experts say would mean trillions in lost revenue, and new borrowing, in the next decade.
The central bank’s Governing Council has become more optimistic about the eurozone economy, offering a hint at winding down stimulus measures.
Car companies have had to create special training and hiring programs to meet the need, and the jobs that are available can pay handsomely.
The plan lacks many details, but one group of losers seems to be upper-middle-income people in blue states.
It will take more than a U.S. presidential election, a few months of solid global growth and a recovery in oil prices to fix it.
Congressional proposals for changing the corporate tax go far beyond a simple discussion of tax rates. Fundamental shifts could affect business behavior.
Janet Yellen, the Federal Reserve chairwoman, announced the board’s decision on interest rates.