The National Debt Is Becoming Your Local Problem
Federal overspending is squeezing states and cities, forcing them to raise taxes, slash services, or pile on more debt.
Federal overspending is squeezing states and cities, forcing them to raise taxes, slash services, or pile on more debt.
We still need real tax reform and much lower federal spending.
It's time to ask what level of spending Americans truly want with the money we actually have.
To win in court, the Trump administration will have to argue against a pair of legal theories that conservatives have spent years developing as a way to check executive power.
And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.
Not only does it raise taxes on American consumers, but it leaves American automakers at a distinct disadvantage relative to their Japanese competitors.
ICE wants to access confidential IRS data to locate tax-paying undocumented immigrants and boost detention numbers.
The highest earner received a grand total of $523,351.
Helping servers takes more than a temporary tip tax break.
“There's no such thing as a free stadium,” says J.C. Bradbury. “You can't just pull revenue out of thin air.”
The taxes on sound suppressors, short-barreled rifles, and short-barreled shotguns, originally enacted in 1934, were meant to be prohibitive, imposing bans in the guise of raising revenue.
This is what Washington calls compromise: The House proposes $1, the Senate proposes $2, and somehow, the government ends up spending $3.
Telling states to pay for a share of the food stamp program makes a lot of sense and would likely reduce fraud.
Vance cast the tie-breaking vote for a bill that will add $4 trillion to the debt. Meanwhile, immigrants are helping to keep the federal government's fiscal house of cards propped up.
Plus: Zohran Mamdani doesn't understand what New York's families need, Lia Thomas titles revoked, and more...
Republicans are creating a budgetary loophole that will allow Democrats to pass Medicare for All and pretend it costs almost nothing.
The Federal Reserve is unwilling to lower interest rates because "there will be some inflation from tariffs coming," Jerome Powell told a Senate committee.
Publicly funded homes in some cities are costing taxpayers more than $1 million per unit, but Trump’s “big, beautiful bill” would increase funding for these inefficient projects.
Plus: A case for gambling freedom, the NHL’s tax dilemma, and a soccer movie.
How the Colorado Supreme Court has nullified Colorado constitutional limits on taxes, debt, and corporate privilege.
After accounting for the dynamic effects of the Trump-backed tax bill, the CBO concludes it will add $2.8 trillion to the deficit over 10 years.
Twenty years after Susette Kelo lost at the Supreme Court, the land where her house once stood is still an empty lot.
Refrigerators, freezers, dishwashers, washing machines, and dryers are among the products subject to the president’s 50 percent tariff on imports derived from aluminum and steel.
Like King Charles, he is abusing emergency powers to impose taxes without legislative authorization.
The budget legislation is full of other expensive provisions that will add trillions to our sky-high national debt.
And the stuff you get is of the government’s choosing—not yours.
Fusionism holds that virtue and liberty are mutually reinforcing, and that neither is possible in any lasting or meaningful way without the other.
That total will rise to about $3 trillion once the interest costs of more borrowing are included.
House members who discovered objectionable elements only after voting for the package nevertheless underline the unseemly haste of the legislative process.
Boston Globe columnist Jeff Jacoby rightly decries the GOP's inclusion of a tax on remittances immigrant workers send to their families, in the "Big Beautiful Bill."
The lesson from the Moody's credit downgrade is that the U.S. cannot borrow its way to prosperity.
That total could double if temporary provisions in the bill become permanent, as is likely to happen.
Plus: Lab-grown meat fears, DOJ inquiry into Cuomo, Kristi Noem's polygraphs, and more...
Plus: A listener asks if the economic inequality data is bad.
Friday's announcement by Moody's and the House Budget Committee vote could have been a turning point.
The administration shows no coherent commitment to free market principles and is in fact actively undermining them.
Lawmakers passed the largest spending plan in state history, pushing costs higher without delivering results.
Local governments love giving sweetheart deals to billion-dollar companies—now data centers instead of football stadiums.
The president’s sweeping import levies have no basis in the statute he cites.
Plus: A ridiculous tax carveout, Trump backs D.C. stadium, and Shedeur Sanders
That's what could happen if undocumented immigrants decide not to file their taxes, according to an estimate by The Budget Lab at Yale.
Plus: A listener asks whether or not Thomas Jefferson was right.
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.
It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.
There were no deals. There were no wins. There was no plan.
The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.
The Kentucky senator joins Just Asking Questions to explain why he's fighting against the president's unilateral tariffs.
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.
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