IRS Controversially Claims Hiring 87,000 New Agents Won't Mean Higher Audit Rate for the Middle Class
So why do Democrats keep equivocating on the point that households making under $400,000 may be targeted for more audits by an expanded IRS?
Economics
Whole Foods' John Mackey: 'I Feel Like Socialists Are Taking Over'
The 'conscious capitalism' innovator on overregulation, COVID mandates, and why he will be speaking his mind much more freely when he retires.
Could the Gender Pay Gap Actually Be A Sign That Women Prioritize Socially Valuable Careers?
A recent report from The Wall Street Journal analyzes data from early-career college graduates, finding that a gender pay gap starts early.
Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July
Prices for food and housing continued to rise but were offset by lower gas and energy prices.
R.I.P. David McCullough, Who Saw the Bright Side of History
McCullough didn't just build on academic historians' work—he filled a gap they left.
Mobile Homes Are a Crucial Source of Affordable Housing. Politicians Are Trying To Zone Them Out of Town.
The government should not take away reliable and affordable housing from those who need it most.
The Inflation Reduction Act Won't Meaningfully Address the Budget Deficit
Congress has added $2.4 trillion to the long-term deficit since President Joe Biden took office. Now they want credit for reducing the deficit by $300 billion?
America Needs More Foreign STEM Talent To Produce Semiconductors. The CHIPS Act Won't Fix That.
The U.S. is missing out on necessary high-skilled workers by faltering on immigration reform.
There's Nothing Legacy-Defining About the Inflation Reduction Act
Plus: The editors consider the state of freedom in the U.S. compared with other developed nations.
Gold vs. Bitcoin: A Soho Forum Debate
Monetary Metals CEO Keith Weiner defends the future of gold against bitcoin podcaster Pierre Rochard.
The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist
Even Democrats are criticizing the bill's unrealistic expectations.
Democrats' Rejection of Permit Streamlining Resolution Doesn't Bode Well for Joe Manchin's 'Side Deal'
The West Virginia senator conditioned his support for the Inflation Reduction Act on reforming federal environmental review laws. His Senate colleagues don't seem so hot on the idea.
Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse
Plus: Inside Trump's family separation policy, a Grammarly for government, and more...
New Jobs Report Shows Unemployment Back to Pre-Pandemic Levels
The better-than-expected employment numbers are fueling investors' inflation fears and causing the stock market to fall.
After a $54 Billion Airline Bailout, Elizabeth Warren Thinks She Gets To Make the Rules
More airline workers and more flights—not bailouts and restrictions on mergers—is the better policy.
Are the Inflation Reduction Act's Climate Goals Plausible?
A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.
The Easy Way To Avoid Federal Income Tax: Move to Puerto Rico
Wherever markets are free, new wealth gets created. Then almost everyone wins.
Jon Stewart Accuses GOP of 'Cruelty' for Wanting Minor Amendments to Pricey Veterans' Bill
Senate Republicans have raised reasonable objections that legislation covering veterans' health conditions linked to toxic burn pits will allow for more spending on unrelated items.
Does the Democrats' New Inflation Bill Have Anything To Do With Inflation?
Plus: The editors each analyze their biggest “I was wrong” moment from past work.
The 'Inflation Reduction Act' Won't Actually Reduce Inflation
But it will hike taxes, including on Americans earning less than $200,000 annually.
Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay
"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.
The Federal Student Loan Program Was Supposed To Pay for Itself. Now, It'll Cost Taxpayers $197 Billion
A new report from the Government Accountability Office found that the Federal Student Loan Program will cost over $300 billion more than originally predicted.
Gavin Newsom Thinks California Is Freer Than Florida. Is He Crazy?
If Newsom wants to pick a fight with Florida Gov. Ron DeSantis, he should try a different topic.
Don't Cancel Student Debt
Making their monthly payments is a major drag for millions in their 20s and 30s, but federal forgiveness is the stupidest way to address this problem.
Mitt Romney's Family Plan Isn't Great, but It May Be Better Than the Alternatives
Whether the federal government should be subsidizing families at all is another matter.
55% of America's Top Startups Were Founded by Immigrants. Why Won't Congress Let in More?
Without a tenable visa pathway, immigrant entrepreneurs will look to greener pastures—and the American economy will be worse for it.
How Many People Have To Be Assaulted or Killed Before Chuck Schumer Stops Resisting Marijuana Banking Reform?
The Senate majority leader has repeatedly blocked a bill that would address the robbery threat to state-licensed pot shops.
After 2 Consecutive Quarters of Negative Economic Growth, Is America in a Recession?
Most Americans believe so.
Meta Can't Buy V.R. Fitness Company, Must Make Its Own Competing App, Says FTC
Plus: A rebranded "Build Back Better," the two-party system creates "a disconnect between elites and non-elites," and more...
The CHIPS Act Is Corporate Welfare Disguised as Industrial Policy
If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.
Schumer, Manchin Strike Deal To Raise Taxes, Cut the Deficit, Spend Billions on Climate Change
The proposal reportedly hikes taxes by over $730 billion, with $300 billion of that money to be used for reducing the federal budget deficit.
Capitalism Killed the Choco Taco. It's Also Resurrecting It.
The announcement that Unilever will discontinue the popular treat has small-time entrepreneurs and big-money investors rushing to keep the product alive.
Don't Give U.S. Chipmakers a $76 Billion Government Handout
Making the U.S. semiconductor industry dependent on subsidies is not the way to stick it to China.
How Trump's Tariffs on Chinese Chemical Products Backfired
Tariffs were supposed to make American chemical products more competitive. They made Chinese products more competitive instead.
It's Becoming Easier To Get Permission To Work, But Not by Enough
Occupational licensing reform is a popular cause, but barriers remain too high.
Big Labor's Covert Plan To Kill Union Elections
Union partisans in the Biden administration want to bypass Congress and enact controversial labor policies by dusting off rejected 1940s-era legal theories.
Truckers Shut Down California Port Fighting for the Right To Be Their Own Bosses
The terrible consequences of A.B. 5 keep coming.
America's Meat Shortage Is Self-Inflicted and Fixable
How can it be that with so much cattle in America, we sometimes can't buy meat?
American Steelmakers Are Still Defending Trump's Tariffs That Crushed Consumers
Any gains seen by the steel industry from tariffs have been overshadowed by the losses for downstream companies and higher prices for consumers.
Better Immigration Laws Could Help Lower Food Prices
The Senate is considering legislation that would improve the visa program for temporary agricultural workers and help relieve labor shortages that push food prices higher.
America's Fishing Industry Is Getting Caught Up in the Trade War
Seafood prices have gone up by double digits as tariffs and inflation drive up costs for consumers
How Tariffs Are Making Summer Fun More Expensive, Less Safe
The U.S. International Trade Commission will hear from businesses harmed by tariffs at a hearing on Thursday.
Great Moments in Unintended Consequences: Rent Control, Arizona Alt Fuel, Ballot Access (Vol. 8)
Good intentions, bad results.
Did Joe Manchin Just Sink Biden's 'Build Back Better' Plan Again?
Plus: Why government responses to risk can create more harm than good, why Denver will no longer block illegal immigrants from starting businesses, and more...
