A New IRS-ICE Agreement Could Reduce Tax Revenue by $300 Billion Over the Next Decade
That's what could happen if undocumented immigrants decide not to file their taxes, according to an estimate by The Budget Lab at Yale.
Taxes
Why Trump's China Tariffs Won't Work
Plus: A listener asks whether or not Thomas Jefferson was right.
Mississippi Is Ditching Its Income Tax. Other States Should Follow.
The poorest state in the nation just passed bold tax reform that empowers workers, attracts investment, and simplifies the system. It’s a model worth copying.
Two Cheers for Extended Tax Cuts and an IRS in Chaos
It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.
America Gained Nothing From Trump's Latest Tariff Stunt
There were no deals. There were no wins. There was no plan.
These Reforms Would Simplify Our Messy Tax Code—and Level the Playing Field
The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.
Rand Paul: Why I Oppose Trump's Tariffs
The Kentucky senator joins Just Asking Questions to explain why he's fighting against the president's unilateral tariffs.
Slow and Steady
Despite politicians touting progress, Los Angeles has only issued three permits for wildfire rebuilds and debris removal is expected to drag on for many months.
Can Anyone Stop Trump's Tariffs?
Plus: A listener asks if it's time for journalists to stop steel-manning Trump's policies.
Trump Advisors Struggle To Defend, or Even Explain, His Tariff Strategy
Members of the administration spent the weekend presenting contradictory defenses of Trump's economic policies.
White House Cites Tariff Reports That Undermine Its Own Claims
Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.
All Trade is Reciprocal. Trump's Tariffs Interfere With That Reciprocity.
Governments should just get out of the way of free trade among consumers and businesses.
Senators Make Modest Moves To Reclaim Tariff Powers From Trump
A small but growing bipartisan movement in the Senate is pushing back against the president's imposition of tariffs, but there's plenty of room to go further.
'Liberation Day' Tariffs Will Liberate People—From Their Income
Lower-income families who spend the largest shares of their income on goods—and who have been badly hurt from the recent inflation—will likely suffer the most.
Liberation Day
Plus: JAQ x Batya Ungar-Sargon, Amazon's bid to purchase TikTok, and more...
The Logical Contradictions of Trump's Case for Tariffs
Taxes on imports cannot possibly deliver all the benefits the president is promising.
Peter Navarro Says Tariffs Will Be a $6 Trillion Tax Increase, but Also a Tax Cut
If true, then these tariffs would be the biggest peacetime tax increase in American history.
Ghiblifying the Fent Trafficker Deportation
Plus: New York state cut off from federal funding, Phil Magness on tariffs for JAQ, and more...
Trump's New Car Tariffs Are a $100 Billion Tax Increase No One Wants
The president gleefully predicted that the cost to consumers could be as much as 10 times higher.
Chuck Schumer Thinks Only Republicans Hate Paying Taxes
The Senate minority leader mocked anti-tax, anti-government views held by most Americans.
Is Trump's Trade War Causing a Recession?
The Atlanta Fed’s GDPNow forecast plunged into recessionary territory, stocks wiped out $4 trillion in value, and consumers are pulling back. How long will Washington ignore the warning signs?
New Income Tax Proposal Is Progressive and Unworkable
Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less—an unprecedented shift with major consequences.
Congress Just Made It Harder for Congress To Block Trump's Tariffs
The cowardice of Congress will continue fueling the growth of executive power.
Climate Activists Are Passing Laws To Tax the Past
A New York law demands fossil fuel companies pay $75 billion for carbon emissions dating back to the year 2000. Other Democrat-controlled states plan to follow suit.
The IRS Bleeds
Plus: Ceasefire talks, J.D. Vance as the future of the GOP, the government's war on treehouses, and more...
Yes, We Should End Taxes on Tips
Taxing tips generates practically no revenue, burdens workers, and fuels pointless IRS audits.
America Is Beating Europe
A popular narrative says Europeans are better off because of increased regulation. Reality paints a different picture.
In Speech to Congress, Trump Promises More Tariff Madness
The tariffs Trump has already imposed on Canada, Mexico, and China will cost an estimated $142 billion this year—and he says more are on the way.
The Case Against Taxing University Endowments
Tax professor Erik Jensen suggests taxes on large university endowments are not as good idea as some people think.
The New Republican Budget Plan Is Unserious
It tries to offset as much as $4.8 trillion—mostly for tax cut extensions—with only $1.5 trillion in supposed spending reductions.
It's Time for a Flat Tax
America’s tax system is already highly progressive. A simpler, flatter structure would be fairer, raise more revenue, and fuel economic growth.
Reciprocity Is a Misguided Response to U.S. Economic Strength
We do not need to copy Europe’s bad tax ideas.
Sell Flavored Tobacco in Massachusetts, Go To Jail
Massachusetts outlawed flavored tobacco. Now, just as criminal justice groups warned, a vape shop owner is serving time.
Trump's 'Reciprocal' Tariffs Could Be Largest Tax Increase Since World War II
The specifics are still vague, but the White House is reportedly claiming that new tariffs will generate $1 trillion annually.
DOGE Is Good. It's Not Enough.
Even if the Department of Government Efficiency eliminates all improper payments and fraud, we'll still be facing a debt explosion—which requires structural reform.
This Trump Appointee Could Bring Fiscal Sanity to the White House
"Personnel is policy" has shaped past administrations. Kevin Hassett, who has been tapped to lead the National Economic Council, will have a hand in tax reform, debt reduction, and more.
Tariffs on Canada, Mexico, and China Could Start This Weekend
Trump's second trade war has apparently arrived. There remains much uncertainty, but expect it to be costly.
Trump's Pro-Growth, Anti-Trade Positions Are on a Collision Course
The stark disconnect not only runs the risk of choking off much of the global commerce the president claims to welcome but threatens to stick U.S. consumers and businesses with higher costs.
Trump's Tariffs To Tank Tequila
The owner of a famous cocktail bar in Dallas warns that tariffs on Mexican imports will mean higher menu prices and reduced availability of specialty tequila.
Congress Should Extend the Trump Tax Cuts. The Path Won't Be Easy.
Not doing so could be harmful for just about everyone.
Trump's 'External Revenue Service' Is a Public Relations Effort. It Won't Change How Tariffs Work.
Trump promises to "tariff and tax foreign countries to enrich our citizens." That's not how it works.
Americans Continue Migrating From High-Tax to Low-Tax States
Increasing mobility and remote work make taxes an important consideration in where to live.
Athletes Find New Way To Avoid Taxes
Restructured contracts may help franchises who have a certain competitive disadvantage.
Will 2025 Be the Year of U.S. Fiscal Sanity?
With inflation risks persisting and entitlement spending surging, the situation cannot be ignored. But we never should have gotten to this point to begin with.
He Lost the Title to His Home Over a Small Property Tax Debt. Years Later, He's Finally Getting It Back.
A local government gave ownership of Kevin Fair's Nebraska house—and all of its value—to a private investor, in a practice known as home equity theft.
The U.S. Tax Code Is Way Too Complex. Here's How To Fix It.
The high cost of complying with our tax code encourages wasteful tax avoidance strategies and distorts work and investment decisions.
State Tax Hikes Set To Raise Energy Costs in 2025
Residents of California, Minnesota, and Wisconsin will get hit with the higher taxes.
IRS Failed To Properly Dispose of Sensitive Tax Documents, Report Finds
Some IRS offices routinely threw away sensitive material with regular trash, while others used unlocked or damaged storage bins.
