Trump's Newest Tariffs Are Likely Illegal Too
The Section 301 tariffs announced on Thursday overstep the powers granted by Congress and likely run afoul of the major questions doctrine.
Taxes
Lots of Trump's Tariffs Expire on Friday. It's Thursday Afternoon, and No One Knows What Will Replace Them.
The U.S. economy is not a reality show. The Trump administration should stop acting like it is.
Britain's New Prime Minister Andy Burnham Promises 'Stronger Public Control' of Stagnating Economy
Britain’s seventh prime minister in a decade inherits weak growth, record-high taxes, and a swelling welfare bill. His proposed cure is an even larger role for the state.
California's Local Governments Want State Taxpayers To Pay More, More, More
California local governments of every size are crying poor as they struggle with budget shortfalls.
Todd Blanche Describes the Huge, Unprecedented Favors Granted by Trump's IRS 'Settlement' as 'Typical'
During his confirmation hearing, the attorney general nominee repeatedly misrepresented the nature and scope of the sweeping immunity deal he approved.
A 22% Social Security Cut Is Coming. Will the Senate Act?
Once the trust fund is empty, Social Security can pay out only what it collects. Yet few candidates are talking about this in any serious way.
During His Confirmation Hearing, Todd Blanche Defends Trump's Blatantly Corrupt IRS 'Settlement'
Contradicting a federal judge, the acting attorney general, who blessed that cozy arrangement, insists it was not a product of collusion or self-dealing.
A Federal Judge Slams Trump's IRS Lawsuit As a Pretext for Delivering a Phony 'Settlement'
U.S. District Judge Kathleen Williams concludes that the case never presented a true "case or controversy" because both sides were controlled by the president.
Trump Accounts Add Confusion to Savings Accounts Without Adding Much Benefit
Let's simplify this system instead of making it even more complicated.
Trump's Tariffs Have Been Particularly Costly for Small Businesses
The Federal Reserve reports that small businesses were less likely to be able to avoid tariff costs during 2025 and are more pessimistic about employment and revenue in 2026.
The Social Security Fix That Would Send Tax Rates Soaring
There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the most expensive.
Warren's Plan To 'Fix' Social Security Would Be Largest Tax Increase in Over 40 Years
Her plan is being pitched as a tax on the wealthy, but half the burden would fall on businesses. That would have dire consequences for the economy.
America Was Not Founded by 'Tariff Men,' Contrary to This Painting in Trump's White House
Free trade is "a direct affront to our Founding Fathers," President Donald Trump said during his first presidential campaign.
Gavin Newsom Is Totally Wrong About Taxes
Robby Soave and Amber Duke discuss Gavin Newsom's turn toward socialism.
Dave Portnoy Trashes Zohran Mamdani
Could Dave Portnoy challenge Zohran Mamdani for mayor of NYC?
Even a Global Wealth Tax Can't Solve This Problem
Raise the price of an activity and people do less of it or restructure how they report it. Mobility was never the sole issue.
Elizabeth Warren Wants To Raise Taxes and Give All the Money to Senior Citizens
Her plan to fix Social Security's fiscal flaws would ask workers to cover the full cost. Some Republicans are supporting it too.
The Government Seized Their $195,000 Home Over a $2,242 Debt. What Does the Supreme Court Say They're Owed?
The Pung family of Isabella County, Michigan, maintained they were entitled to fair market value. The high court disagreed, but with a twist.
Rep. Ro Khanna Melts Down After Elon Musk Threatens To Sue
Robby Soave and Amber Duke discuss the recent online feud between Rep. Ro Khanna and Elon Musk.
35 Retired Federal Judges Slam Trump's 'Laughable' Defense of His 'Obviously Collusive' IRS Settlement
The DOJ's unilateral abandonment of the Anti-Weaponization Fund "makes it crystal clear that these parties were never adverse," the former judges argue.
Rich Americans Pay a Higher Share of Taxes Than the Wealthy in Most Countries
What’s a “fair share” of funding for a government that many Americans distrust?
Bernie Sanders Proposes AI Tax To Give Everyone $1,000 a Month. His Bill Would Do a Lot More Than That.
The Vermont senator's American A.I. Sovereign Wealth Fund Act would also create an entirely new regulatory regime for the tech industry.
Trump's Lawyers Insist There Is 'No Evidence' of 'Collusion or Fraud' in His 'Settlement With Myself'
The sweet deal that resolved the president's fatally flawed lawsuit against the IRS was business as usual at the DOJ, his attorneys told a federal judge.
Social Security Is Going Bankrupt Because Its Benefits Are Too Generous
Social Security's approaching insolvency is usually talked about as a revenue problem. It's actually a spending problem.
The Economist Who Wants To Make the World Poorer
Thomas Piketty's plan is a comprehensive program for global managed decline dressed up in the language of climate justice and equality.
A DOJ Brief Preposterously Insists That Trump's 'Anti-Weaponization Fund' Was Politically Neutral
The president himself has repeatedly contradicted that claim.
Illinois Just Adopted a Half-Baked Scheme to Tax Social Media
A lack of comprehension and sloppy language make a mess of a new tax scheme.
Trump's $100,000 H-1B Visa Fee Is an Unconstitutional Tax, a Federal Judge Rules
U.S. District Judge Leo Sorokin struck down the fee, saying it exceeds the president's statutory authority and violates the separation of powers.
Federal Court Invalidates Trump's $100,000 H-1B Visa Fee as Illegal Usurpation of Congress' Power to Tax
The ruling relies in part on the Supreme Court's decision in the tariff case.
Australia Tried To Tax Smoking Out of Existence. Now 80% of Tobacco Aussies Consume Is From the Black Market.
With cigarettes costing around $40 a pack, Australia’s war on smoking has become a case study in how prohibitionist policies create black markets, violence, and criminal power.
California Conservatives Champion 'Local Control' Until They Dislike the Results
Conservatives want local control over housing policy, but they're happy to let the state restrict when local governments can raise taxes.
Todd Blanche Hates 'Weaponization' of Government Unless It Benefits His Boss
Blanche is happy to pervert justice in service of the president's personal agenda. No wonder Trump wants to keep him as attorney general.
After 40 Years, No One Has Produced a Workable Single-Payer Health Care Plan
Vermont passed single-payer legislation in 2011 and abandoned the plan after three years of failure. Why?
Trump's Immunity Deal Stinks Even More Than His Blatantly Corrupt 'Anti-Weaponization Fund'
An addendum to the president's "settlement" of his lawsuit against the IRS shields him and his family from liability for any federal offenses they committed prior to May 19.
Bernie Sanders' AI Wealth Fund Bill Shows That He Doesn't Understand AI or Wealth
Sanders' plan would impose a one-time tax of 50 percent of AI companies' stock and give the government voting shares and the power to block corporate decisions.
Cutting Tariffs on Farm Equipment Is Another Admission That Trump's Trade Policies Are Increasing Prices
Even as the White House backs away from its foolish tariff plans, the Trump administration keeps revealing why it should never have had these powers in the first place.
Trump Is Reportedly Reconsidering His Politically and Legally Contentious 'Anti-Weaponization Fund'
The Justice Department signals a retreat from defending the blatantly corrupt scheme, which provoked vigorous objections from Republican lawmakers.
Trump's Corrupt 'Settlement' With the IRS Hits Two Judicial Roadblocks
One order temporarily blocks money for the president's "Anti-Weaponization Fund." The other asks whether the agreement is a fraudulent "product of collusion."
Stop Giving Property Tax Breaks to Senior Citizens
If the government does not reduce the cost of public services, then a special tax break for one group merely forces everyone else to pick up the slack.
How the Billionaire Tax Could Make California Poorer
One upcoming ballot measure would expand the state's taxing power. A lesser-known measure would limit it. Which will win?
Illinois Plans Tax Break for Billionaires and the Chicago Bears. Everyone Else Could End Up Paying More.
A new Bears stadium and Gov. J.B. Pritzker himself stand to gain if the legislation passes.
High Liquor Taxes and a Home Distillation Ban Guarantee a Thriving Booze Black Market
The courts have an opportunity to legalize small-scale distillation, but taxes remain a problem.
Even Republicans Are Rebelling at Trump's Blatantly Corrupt 'Anti-Weaponization Fund'
Using taxpayer money to reward the president’s allies has nothing to do with the president's claims against the IRS.
Should Billionaires Pay More Taxes?
Law professor Natasha Sarin debates the Cato Institute's Adam Michel.
Thomas Massie Falls, 'Samurai vs. Squatters,' Jeff Bezos
Robby Soave and Christian Britschgi discuss Rep. Thomas Massie's defeat, Jeff Bezos' comments on taxes, and squatters in California.
