tax cuts Archives - CFO

U.S. Economy Posts Smallest Annual Gain Since 2016

U.S. Economy Posts Smallest Annual Gain Since 2016

“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”

By Matthew Heller | January 30, 2020

U.S. Economic Growth Slows to 2.6% in Q4

U.S. Economic Growth Slows to 2.6% in Q4

“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.

By Matthew Heller | February 28, 2019

U.S. Budget Deficit Swells to $779B in FY 2018

U.S. Budget Deficit Swells to $779B in FY 2018

The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."

By Matthew Heller | October 16, 2018

Rising Income Gap Threatens U.S. Credit Rating

Rising Income Gap Threatens U.S. Credit Rating

"Pressures from rising inequality will exacerbate already material fiscal challenges on the horizon," Moody's warns in a report.

By Matthew Heller | October 9, 2018

U.S. Economy Slows to 2.3% Growth Rate in Q1

U.S. Economy Slows to 2.3% Growth Rate in Q1

Economists expect the GOP tax cuts to give a boost to GDP in Q2 but the economy may still fall short of President Trump's 3% target this year.

By Matthew Heller | April 30, 2018

U.S. Budget Deficit Widens to $208B in March

U.S. Budget Deficit Widens to $208B in March

The U.S. government's rising debt "would have serious negative consequences for the budget and the nation," the CBO warned this week.

By Matthew Heller | April 12, 2018

Small-Business Optimism Falls Despite Tax Cuts

Small-Business Optimism Falls Despite Tax Cuts

"The big picture remains solid, with small firms as optimistic, and inclined to spend and hire, as [much as] they have ever been," the NFIB says.

By Matthew Heller | April 10, 2018

U.S. Consumer Sentiment Hits 14-Year High

U.S. Consumer Sentiment Hits 14-Year High

The gain reflected a surge in confidence among lower-income households that have benefited from the GOP's tax cuts.

By Matthew Heller | March 19, 2018

U.S. Budget Deficit Grows to $215 Billion

U.S. Budget Deficit Grows to $215 Billion

The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.

By Matthew Heller | March 12, 2018

U.S. Trade Gap Rises 12.1% in 2017

U.S. Trade Gap Rises 12.1% in 2017

The December deficit was the largest since 2008 as robust domestic demand pushed imports to a record high of $256.5 billion.

By Matthew Heller | February 7, 2018

US Productivity Posts Unexpected 0.1% Drop

US Productivity Posts Unexpected 0.1% Drop

The Q4 decline follows a 2.7% gain in Q3 but economists believe higher capital spending could lift productivity this year.

By Matthew Heller | February 1, 2018

Tax Law Knocks American Express Into the Red

Tax Law Knocks American Express Into the Red

The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.

By Matthew Heller | January 19, 2018

Humana Puts Tax Savings Into Worker Benefits

Human Capital & Careers

Humana Puts Tax Savings Into Worker Benefits

The insurer is raising its minimum wage, joining other companies that have announced some form of bonus or wage hike resulting from the new tax law.

By Matthew Heller | January 17, 2018

JPMorgan Takes $2.4B Charge Due to Tax Law

Investment Banking

JPMorgan Takes $2.4B Charge Due to Tax Law

The bank's Q4 adjusted earnings beat analysts' estimates and it expects the tax cuts will boost profits "in 2018 and beyond."

By Matthew Heller | January 12, 2018

Goldman to Take $5B Charge From New Tax Law

Goldman to Take $5B Charge From New Tax Law

Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.

By Matthew Heller | December 29, 2017