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Financial Speculation Tax Could Cut Deficit - Latest News

Financial speculation tax could cut deficit

NEW YORK ( -- As the deficit debate in Washington grows increasingly noisy, a research group said Monday that a tax on financial "speculation" could help resolve some of the nation's thor... read more

Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns

The tax cuts championed by President Trump are helping push the nation toward an unprecedented level of debt, heightening the risk of another financial crisis ... It is estimated to increase the defic... read more

Italy Central Bank Urges Caution on Possible Deficit Hike

Ignazio Visco, speaking Saturday at a conference in Varenna, on the shores of Lake Como, warned against an unproductive budget-deficit hike given Italy ... a “citizen’s income” for the poor, tax cuts ... read more

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Argentina to Impose Temporary Tax on Exports

Argentina’s embattled government said Monday that it will impose a temporary tax ... of financial aid the country could need to make debt payments next year. The administration of President Mauricio M... read more


Calling Wall Street A ‘Gambling Casino,’ Democratic Rep. DeFazio Proposes Financial Transactions Tax

The tax could help shrink the deficit — its previous iteration was estimated to add $150 billion a year to federal coffers — and spare Social Security, Medicare and other programs from jarring cuts .. ... read more

Health spending rise may limit budget tax cuts

Budget deficit will not be increased to pay for spending, Minister says Financial watchdog says ‘adverse shock ... €3.4 billion – mostly in spending increases, but also some tax cuts – some €2.6 billi... read more

Are Deficit Hawks Dead or Just Playing Possum?

Democrats criticized the tax cuts and the added borrowing ... What would it take to bring back the deficit hawks? The return of trillion-dollar deficits as soon as next year might do it, providing a b... read more

The Rich Person Roth: For The Most Tax-Free Retirement Income

While the Trump Tax Plan was touted as a huge tax cut ... Certified Financial Planner working in a fiduciary capacity, I want to make sure I share the pros and cons of what can be a great financial to... read more

Congress should cement key elements of tax reform, scrap a third

(The sunset provision, under which many features of the law change or expire in several years, was a gimmick designed to lower its impact on the budget deficit.) The Tax Cuts and Jobs Act ... estimate... read more

“The Grumpy Old Men of the Senate: Time for This Movie to Face to Black.”

Further, he’s angered by the massive tax cut and ... corporation could make any political expenditures.” Finally, just to add one more twist of the knife in the overindulged financial ... read more

Obama Plans to Cut Deficit in Half by 2013

The statement did not name any specific banks or respond to reports that the government was considering increasing its ownership of Citigroup Inc. The White House just last week downplayed persistent ... read more

What we learned from the financial crisis — and what we've already forgotten

Among its aspects that may already be forgotten was the level of fear that gripped the financial markets ... in large part to the tax cut-driven deficits. That’s half again as high as the level after ... read more

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