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.
Taxes
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.
Jimmy Carter's Gift to Hollywood Was No Gift to Georgia Taxpayers
He set a process in motion that led to the state's wasteful and expensive film tax credits.
Trump's Tariffs Will Shrink the Economy and Reduce Investment, CBO Says
Bonus: They're unpopular too, according to a new poll.
Joe Biden Once Understood Why Tariffs Are Bad. Then He Got Trade Policy Amnesia.
Despite campaigning against Donald Trump's tariff hikes, Biden left many of them in place.
Raising the SALT Cap Is a Gift to High-Tax States
Capping state and local tax deductions sparked a tax migration that rewarded pro-growth states. Raising the cap now would stall reform where it’s needed most.
Keeping These Tax Cuts Is a Bad, Expensive Idea
Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.
Trump, the Self-Described 'Tariff Man,' Does Not Understand How Tariffs Work
Since the president-elect refuses to admit that levies on imports are taxes paid by Americans, he sees no downside to raising them.
Cigarette Taxes and Regulations Continue To Fuel a Thriving Black Market
Burdensome taxes and red tape produce the same results as outright prohibitions.
It's Time To End Double Taxation for Americans Living Abroad
Most people don't realize it, but if you're a U.S. citizen, the IRS wants to know about all the money you earn, no matter where in the world you earn it.
The President Still Has Time To Show His Mercy Extends Beyond His Own Son
The draconian penalties that Hunter Biden escaped affect many people whose fathers cannot save them.
Hunter Biden's Pardon Features Several Shades of Hypocrisy, Including the Gun Policy Implications
Joe Biden says his son did not deserve prison for violating firearm laws that the president vigorously defends and has made more severe.
A Taxpocalypse of Rising Rates Is Coming For Americans if Congress Doesn't Act
Here's how expiring tax cuts could affect you.
Kentucky Seizes People's Booze, Auctions It Off To Fund Anti-Booze Group
Selling vintage spirits is better than pouring them down the drain, but the state shouldn't use the proceeds to fund a private corporation.
Return of the 'Tariff Man'
Plus: Are tariffs inflationary, RIP to a giant of the free market movement, and more...
Chicago Mayor Johnson's Budget Betrayal Would Raise Taxes on Small Businesses
A proposed alcohol tax hike will hit immigrant-owned liquor stores while city spending on nonessential projects remains high.
Abolish the Federal Alcohol Tax and Regulation System
The states already overregulate alcohol. There's no need for a federal layer of red tape.
Abolish the IRS—and the Income Tax Too
Americans spent an estimated $133 billion and 6.5 billion hours filing their tax returns in 2024.
Trump Has No Discernible Interest in Fiscal Responsibility
The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.
How Much Will Trump's Tariffs Cost?
Much of the detail remains to be worked out, but lawmakers and corporations are already preparing.
Central Planning Won Big on Election Night
The bipartisan embrace of industrial policy represents one of the most dangerous economic illusions of our time.
Trump Floats Tax Break for Carmakers Hurt by His Own Trade Deal
After proposing a deduction for interest paid on car loans, the former president suggested it would apply only to vehicles made in America.
Where Is Trump's Plan To Cut Spending?
The former president says the government should be funded like it was in 1890. So where's the plan to reset spending to 1890s levels?
Neither Trump Nor Harris Wants To Drain the Swamp. They Want You To Join It.
Both candidates have promised a litany of special favors to handpicked constituencies. If you don't fit into the right categories, you'll pay the price.
Trump, Harris Ads Make Clear They Won't Be Cutting Government
Both candidates are making a final big government, populist pitch to undecided voters.
The Religious Vote Is Waning—And That Could Spell Trouble for Trump
As millions of Christians plan to sit out the election, church leaders face tough choices about how to inspire their congregations without violating the law.
Milei Shuts Down Argentina's Tax Agency
AFIP is an "unnecessary bureaucracy" that stifles economic freedom, says Milei's government.
Reform Social Security for Those Who Need It Most
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
Donald Trump and Kamala Harris Keep Making Economically Illiterate Promises
These policies may sound good on paper—but they would be disastrous in reality.
Harris and Trump's Terrible Tax Ideas
Plus: How will the editors vote in the presidential election?
Trump Panders to Auto Industry, Proposes Making Car Loan Interest Tax Deductible
The former president's increasingly lopsided economic policy proposals have the feel of throwing spaghetti at the wall.
Americans Grow Increasingly Dependent on Government Payments
Many citizens of the land of the free are hooked on government checks.
Governments Are Still Stealing People's Home Equity Over Modest Tax Debts
A handful of states use loopholes to get around a Supreme Court ruling that declared the practice unconstitutional.
Held Hostage Overseas? The IRS Wants Your Back Taxes.
The IRS fines hostages for taxes they couldn't pay while they were detained. A bill in Congress is trying to fix this.
