Senate's Tax Bill Will Add $270 Billion to the Deficit Next Year, Despite Gimmicks
The House-passed version of the One Big Beautiful Bill Act was fiscally irresponsible. The Senate has made the bill worse.
The House-passed version of the One Big Beautiful Bill Act was fiscally irresponsible. The Senate has made the bill worse.
Plus: The anti-socialist moment, muscle-building drugs counteract Ozempic, arsony gunman in Idaho, and more...
America is slipping steadily down the slippery slope to a surveillance state.
Democratic critics of the new program overlook the injustice of permanently disarming Americans who pose no threat to public safety.
Rep. Ro Khanna (D–Calif.) discusses the War Powers Resolution he co-sponsored with Rep. Thomas Massie (R–Ky.), the Israel-Iran conflict, and why the antiestablishment left and right must work together.
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.
The parliamentarian ruled it cannot be enacted as part of a reconciliation bill not subject to the filibuster.
Trump's attack on Iran plainly violates the War Powers Act. Limits on executive power are most important when they are inconvenient.
Although the appeals court said the president probably complied with the law he invoked to justify his California deployment, it emphasized that such decisions are subject to judicial review.
But that's not what the law says.
Social Security’s board of trustees expects the program to be insolvent in eight years.
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.
On its face, the law gives the president sweeping authority to deploy the military in response to domestic disorder.
The budget legislation is full of other expensive provisions that will add trillions to our sky-high national debt.
Subsidies inherently skew the market, and farm subsidies are no different.
Sen. Blackburn introduced a bill this week that would make it a crime to publish the name of a federal law enforcement officer.
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.
Paul said he refuses to support "maintaining Biden spending levels," and Musk said the Trump-backed tax bill is "a disgusting abomination."
Complying with export regulations should build trust between Nvidia and Congress, not erode it.
For both practical and constitutional reasons, this is the obvious way out of the chaos Trump's tariffs have created.
Musk's opinion about the bill matters, since he is one of the few people in conservative politics who can get away with defying Trump.
Giving the Defense Department even more taxpayer money is a recipe for waste, not security.
Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.
The "one big, beautiful bill" keeps the corporate welfare that Republicans claim to hate.
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: 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 Department of Education doesn’t handle teaching, set curricula, or pay teacher salaries.
A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.
Stephen Miller's understanding of the Constitution is dubious for several reasons.
A new bill would ban sharing visual content that might "arouse" or "titillate."
Co-founder of AQR Capital Management, Cliff Asness, discusses the decline of market efficiency, the dangers of populist economics, and his libertarian outlook on capitalism.
We don't need more of the same. We need evidence of a serious turnaround.
As he shifts his focus away from DOGE, he acknowledges the need for hard choices and congressional action.
Impoundment, line-item vetoes, and the tricky problem of cutting spending through the executive branch
Sen. Rand Paul's attempt to end the non-existent economic emergency failed to pass the Senate on Wednesday night.
Presidential power must stem from the Constitution or a statute, and the tariffs imposed by President Trump are unauthorized by statute, making them both unlawful and unconstitutional.
Congress just approved a new online censorship scheme under the auspices of thwarting revenge porn and AI-generated "nonconsensual intimate visual depictions."
If voters so overwhelmingly prefer younger candidates, why are they underrepresented in politics?
Republicans often call for cutting off the funds but have never actually done the deed. Here's why this time might—might—be different.
That's the highest total outside of the COVID-19 pandemic, and now Congress wants to borrow even more.
"I said now that they're banning it, I want to join, just because they're telling me I can't," the Kentucky senator tells Reason.
Families described not being told their loved one was in the hospital or even when they had died.
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