The $3.5 trillion bill includes a new program to subsidize the makers of "sustainable aviation fuel."
Taxing the Rich Isn't Enough to Pay for Democrats' Welfare State. They'll Need To Soak the Middle Class Too.
There simply aren't enough rich people to finance all the new spending.
Biden's plan will raise taxes on individuals earning as little as $30,000 annually by 2027, but that's just a trick to make the overall cost of the bill look lower than it really is.
House Democrats' proposed excise taxes could double or triple the price of some vaping products.
A new analysis projects that private capital, wages, and America's GDP will fall over the next three decades if Congress passes the $3.5 trillion reconciliation package. But at least government debt will grow!
The plan would make a liar out of Biden on a level reminiscent of George H.W. Bush's betrayal of his "read my lips" tax pledge.
The health program won't be able to pay all of its bills starting in 2026, according to a new Trustees report.
To spend a lot of money, or to spend a lot more money? That is the question.
A minority of the population picking up the tab would be dangerous if the situation were to last.
Setting aside the harassment claims and the nursing home debacle, the Cuomo administration’s inability to run a minimally functional rent relief program should forever end his reputation as a competent executive.
As it turns out, state and local tax revenues hardly collapsed.
The Bipartisan Infrastructure Bill Will Add More Than $250 Billion to the Deficit. Does Anyone Care?
A CBO report that might have sunk legislation in an earlier era was greeted with a bipartisan shrug.
Government Broadband Has Been a Costly, Corrupt Failure. Congress' Infrastructure Bill Calls For More.
The bipartisan infrastructure deal that's expected to pass the Senate this week would spend $65 billion on broadband projects, including more than $40 billion for largely unnecessary municipal broadband efforts.
As inflation increases, we need a low-debt environment.
The U.S. national debt held by the public is currently almost $22 trillion, surpassing the country's annual GDP for the first time since World War II.
Senate Could Pass a $1.2 Trillion Infrastructure Bill This Week, Even Though There's No Agreement on How To Pay for It
Plus: Strip clubs help reduce crime rates, tariffs fail to achieve their primary political purposes, Jeff Bezos goes to space, and more.
The idea of attaching fewer strings to government assistance is gaining currency.
Plus: The growing trust gap, pandemic-low unemployment numbers, and more...
The spending proposal is likely to be offset by gimmicks and rosy assumptions.
Are you ready for 30 percent cuts in benefits to keep the program alive?
More than 30 venues, some of which predate the Olympics but many of which were purpose-built at public expense, will be occupied solely by coaches, athletes, and judges.
Congress approved $25 Billion in emergency rental assistance in December. Only 6 percent of that money has been spent so far.
The Bipartisan Infrastructure Bill Shows That Republicans Love Big Government Just as Much as Democrats
We don't have a gridlock problem. We have a spending problem.
It must be nice to have Washington's pile of taxpayer cash on your side.
The hasty work behind the PPP and other relief loans shows the limits of big government.
New $1.2 Trillion Bipartisan Infrastructure Plan To Be Partially Funded By Stepped Up IRS Enforcement
President Joe Biden announced today that he'd reached an agreement on an infrastructure package with a group of 10 moderate senators.
Democrats Are Considering a $6 Trillion Infrastructure Plan That Has Little to Do With Infrastructure
For many elected Democrats, infrastructure is much more than roads, bridges, dams, and waterways.
A bill approved by the Senate’s Committee on Commerce, Science, and Transportation would give the money-losing rail company $19 billion over 5 years.
A bipartisan bill aimed to help the U.S. “compete” with China would only slow down scientific progress.
And as many as 75 percent of middle income households face a tax increase under Biden's plan, even though the highest-earning households will pay the vast majority of the costs.
It’s a jobs plan that isn’t about jobs, and an infrastructure plan that isn’t about infrastructure.
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
The president is doubling down on bad regulations that raise labor and material costs of federal infrastructure projects.
Many Politicians Claim That Increased Spending Sparks Economic Growth. Here's Why That's Misleading.
A new study finds that as the government expands, the private sector shrinks.
The Federal Government Has Spent $46 Billion on Emergency Rental Assistance. The Rollout Has Been a Hot Mess.
Crashing website and impenetrable government bureaucracy greet the tenants and landlords trying to access billions in federally funded rent relief.
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
The company's 15-year "Corridor Vision" also asks Congress for the power to sue private railroads that don't prioritize its passenger trains.
Senate Republicans Released a $928 Billion Infrastructure Plan. Biden Says It Still Doesn't Spend Enough.
For the president, the spending is the point.
The Biden administration wants to give $5 billion to jurisdictions that deregulate their housing markets.
In Biden's plan, the government would consume a historically large share of the economy—and those taxes still wouldn't be enough to pay for everything