Tax Cuts Won and Lost in the Midterms
Voters punished Republicans at the polls, but their appetite for lower taxes proved more complicated at ballot initiatives.
Taxes
Jared Polis Warns Colorado's Progressive Tax Ballot Measure Could 'Cripple' the Economy
Voters in Colorado will decide a pair of ballot initiatives next week that could secure the state's low-tax reputation or shatter it.
Billionaires Have Already Paid Us Back. So Why Does California Want More?
People don't build great wealth first and redeem it later through good works. They build it by making the world better.
Social Security Is Like a Ponzi Scheme. How Do We Fix It?
Today, most of us get back much more than we paid in, and the program's costs exceed its income by billions of dollars.
A Supreme Court Case Underlines the Absurdity of the Federal Ban on Home Distilling
Criminalizing the hobby is morally indefensible and inconsistent with the treatment of wine and beer.
In D.C.'s Delegate Race, 2 Candidates Agree: No Federal Income Tax for District Residents
D.C. filers pay more in federal income tax per return than residents of any state, yet they have no representation in Congress.
Will the Wealth Tax Fail?
Plus: Brazilian presidential elections, passing by Cuba, Taiwanese families who hate Arizona's schools, and more...
The U.S. Tax System Gets a Middling Score
Fortunately, we do better on overall economic freedom, despite losing ground.
France Is a Warning to California's Tax-the-Rich Crowd
The French economist pushing California's billionaire tax should instead see his country as a cautionary tale.
Grassroots Revolt Targets Unpopular Property Taxes
Annual tax bills make many homeowners feel more like eternal renters.
Trump's 50% Tariffs on Canadian Goods Illegally Rely on a Superseded Statute, a Lawsuit Argues
The import taxes fit a pattern of dubious legal rationales for the president's protectionist policies.
California's 'Wealth Tax' Could Cost the State $39 Billion
New study finds that 85 percent of "plausible scenarios" result in negative revenue for the state as wealthy residents flee.
Trump Administration Urges SCOTUS To Uphold Federal Ban on Distilling Liquor at Home
The justices will decide the case later this term.
Supreme Court Will Hear Necessary and Proper Clause Case on Federal Law Banning Home Distilleries
The case is likely to be the most important Necessary and Proper Clause case since 2012.
Why Some Americans Living Abroad Would Rather Renounce Their Citizenship Than File Taxes
Most Americans who reside overseas owe the IRS nothing, but complying with U.S. financial regulations can cost them their foreign bank accounts.
Michigan Congressman Proposes Using Tariff Revenue for Tariff Relief Fund
Rep. John James admits that Trump's tariffs are hurting Michigan businesses. His solution? Make them fill out more paperwork.
The Great British Exodus: Taxes, Housing Costs, and Terrible Healthcare Are Driving Young Brits Away
More than 1.2 million British nationals have left the United Kingdom since 2021.
A Court Rules That San Francisco's Empty Home Tax Is Illegal
San Francisco's tax on vacant homes is bad policy. Now it's also bad law.
I Asked the White House's New AI Chatbot About Tariffs. It Told the Truth.
America.gov says that tariffs "can raise the price buyers pay. Domestic goods that compete with those imports can also become more expensive."
Second Federal Court Rules Against Trump's $100,000 H-1B Visa Fee
The court ruled that the imposition of the fee violates the Administrative Procedure Act.
Filing Taxes Will Cost Americans $544 Billion This Year
The complexity and burden of the tax code add insult to injury.
In the Name of Tax Fairness, Politicians Propose Special Tax Penalties on Data Centers
State and federal policymakers are attempting to exclude data centers from run-of-the-mill tax exemptions.
Report: California's Proposed 'Billionaire Tax' Is Based on Bad Research
The planned wealth tax leads slightly in the polls and is already driving capital flight.
Trump's Beef Tariff Cut Accidentally Makes the Case for Free Trade
As the president liberalized the market for beef, he also imposed new 50 percent tariffs on some $20 billion worth of Canadian goods. Americans will suffer.
The National Debt Has Crossed $40 Trillion. Both Parties Are Responsible.
And both are hiding behind a lie of omission.
A Wealth Tax Built on Billionaires Who Aren't Really Billionaires
Many entrepreneurs with high net worths don't actually have much cash. What bank lends $100 million against illiquid stock in young companies that may or may not succeed?
$40 Trillion and Parents' Night Out
Plus: ICE chillin', Moderna-Merck melanoma advances, and more...
The DSA's Agenda Could Cost More Than $200 Trillion—and You'll Be Picking Up the Tab
The Democratic Socialists of America promise free everything, but its agenda would require confiscation on a scale that would make European welfare states tremble.
A Gun Ruling Highlights the Tricks Congress Uses To Evade Limits on Its Power
During the last century, the Commerce Clause has replaced the Taxing Clause as an excuse for federal legislation.
The 'Affordability' Agenda That Taxes Your Dinner
Food-related taxes are rising in popularity, though they hurt restaurants and customers—and may even fail as a revenue-raising tool.
Democrats Want To Tax AI Companies for Job Losses That Haven't Happened
The proposed tax would rise with unemployment and fund a new federal jobs program—even though AI has yet to cause mass unemployment.
A Federal Judge Rejects National Firearms Act Regulations, Saying Their Tax Rationale No Longer Applies
When Congress eliminated taxes on suppressors, short-barreled rifles, and short-barreled shotguns, it also eliminated the constitutional justification for regulating them.
Todd Blanche's Concessions Underline the Flagrant Phoniness of Trump's IRS 'Settlement'
The acting attorney general confirms his dishonesty in presenting that jaw-dropping scam as the resolution of a bona fide legal dispute.
Trump Re-Ups the Anti-Weaponization Fund, Reinforcing the Demand That Todd Blanche Kill It for Good
The president is still pushing the idea of using taxpayer money to reward Capitol rioters, contradicting the attorney general nominee's assurance that it won't happen.
Trump's Tariffs Will Cost Each American Household $900 in 2026
The president’s protectionism has constituted the largest tax increase since 1993.
Trump Keeps Pushing Legally Dubious Tariffs
The president's latest round of broad import taxes, like the previous two, treats his statutory authority as an afterthought.
The Best and Worst States To Be a Smoker
Tobacco is the most taxed consumer product in the U.S., and those taxes largely dictate cigarette prices.
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.
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.
