These New York Agencies Benefit From Giving Away Taxpayer Money
A report from Good Jobs First found that 80 percent of state development agency revenue comes from fees: The more tax money they give out, the more they get to keep.
A report from Good Jobs First found that 80 percent of state development agency revenue comes from fees: The more tax money they give out, the more they get to keep.
There are many pervasive myths about the U.S. tax code. Here are a few.
According to IRS guidance, any income derived from illegal activity is taxable, and there's no statute of limitations on when they can go after you.
Wealthier Americans pay a record share of federal taxes, but voters (and President Joe Biden) believe they're freeloading.
The situation is more dire when you consider how much federal spending is financed by debt.
Plus: A listener asks the editors for examples of left-leaning thinkers who also hold libertarian ideas.
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The Department of Justice is suing several tax preparers for filing fraudulent returns, but even honest filers risk running afoul of tax laws.
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
Plus: A listener asks the editors a question about progressive taxation in the United States.
The company will now build everything in its existing Illinois factory, pausing construction on the Georgia plant until "later."
In California, which has a slew of renewable energy regulations, the cost of electricity increased three times faster than in the rest of the U.S.—and the state still doesn't even get reliable energy.
The credits cost the state over $1.3 billion per year with a 19 percent return on investment. Lawmakers' proposals will do little to change that.
AEI's Tony Mills and British biochemist Terence Kealey debate whether science needs government funding.
Plus: California reparations bills drop, the Biden administration continues the war on gas stoves, and D.C.'s rising crime rate.
AEI's Tony Mills and British biochemist Terence Kealey debate whether science needs government funding.
According to a report from Good Jobs First, St. Louis' public schools took the brunt of the loss at nearly 65 percent of the total.
It's not robbing Peter to pay Paul. It's more like robbing Peter to pay Peter.
Government is "promoting bad behavior," says Sen. Rand Paul. He's right.
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DeSantis says the new, single tax rate would mean "lower taxes for everyone" but that only demonstrates that he hasn't thought too deeply about how a flat tax would work.
Big government has been ruinous for millions of people. Charities aren't perfect, but they are much more efficient and effective.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
The program generates just 19 cents for every dollar spent.
Nannies never fall out of love with failed authoritarianism and curbs on freedom of choice.
Lower taxes create opportunities that draw even those not consciously considering tax rates.
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
The "Taxpayers Bill of Rights" requires that the state return excess revenue to taxpayers. A ballot question could change that.
Detroit Mayor Mike Duggan argues that shifting taxes from homes to the land they sit on will encourage development and cut taxes for most homeowners. Local property tax activists aren't convinced.
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Ford and General Motors have tempered plans for E.V. production, but governments still spend billions of dollars in incentives.
The notion that COVID-19 came from a lab was once touted as misinformation. But now the FBI, the Energy Department, and others agree with Paul.
It's a maneuver that makes little fiscal, philosophical, or political sense, but thankfully it also seems unlikely to work.
Just 24 percent of self-identified Trump voters and 34 percent of self-identified Biden voters say they support a public handout for the Milwaukee Brewers' 22-year-old stadium.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
Plus: Donald Trump's creative accounting, those sneaky vegans, brain drain, and more...
The city wanted to bring in more money, in part for early childhood education. But such taxes are disproportionately paid by the poor.
Plus: A listener asks the editors to name America's unsung or undersung heroes.
The White House plans to boost federal workers' pay by 5.2 percent, the largest increase since 1980.
The Colorado governor finds common ground with many libertarians. But does he really stand for more freedom?
The only effective means of keeping tax collectors from misusing data is keeping it from them.
Apparently $600 million to improve a very nice stadium isn’t enough.
Look for these budgetary swindles at a failing K-12 system near you.
The Labor Department is officially undoing changes made to help combat inflation in the 1980s.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.