Tax cuts

Oxfam, the international anti-poverty organization, released a report Friday on how the world’s billionaires and poor people are doing economically. And the short answer is: the former are up while the latter are down. Oxfam crunched the income and wealth numbers based on data from Forbes’ annual billionaires list and Credit Suisse’s “Wealth Databook.” The […]

After the tax law passed last year, Republicans argued that companies would take their tax savings and make big investments in themselves — plants, equipment, trucks, that sort of thing. But over the last year, there are signs that business investment is slowing. GM’s plans to shut down five plants are just the latest example. Economists […]