Taxes

Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story. 

Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story. 

The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]

The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]