New Income Tax Proposal Is Progressive and Unworkable
Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less—an unprecedented shift with major consequences.
Payroll tax
Reform Social Security for Those Who Need It Most
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
This Tax Week, Remember That the Federal Income Tax Is Relatively New
There are many pervasive myths about the U.S. tax code. Here are a few.
New Federal Rules for Independent Contractors Will Destroy Freelancers' Livelihoods
A similar law in California had disastrous consequences.
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Social Security Will Be Insolvent by 2033
New data from the program's trustees show that insolvency will hit a year sooner than previously expected, giving policy makers just a decade before automatic benefit cuts occur.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
Social Security Is on the Brink of Collapse. The GOP Won't Touch It.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
Donald Trump and J.D. Vance Say No Cuts for Social Security. That's Impossible.
Social Security benefits will be cut automatically in less than a decade unless Congress shores up the program before it hits insolvency. Ignoring that is not a solution.
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
How High Will California's Taxes Go Before There's No One Left To Tax?
The new taxes lawmakers are proposing to fund a universal health care system will likely drive even more Californians out of the state.
Here's Why a Federal Paid Leave Program Would Be a Bad Deal for Many Workers
Studies show that support for mandated paid leave drops when employees find out what it costs them in take-home pay.
House Democrats' Tax Bill Lavishes Subsidies on Local News
The Democrats' new tax plan would give local newspapers up to $25,000 in refundable tax credits for each journalist they employ.
A Payroll Tax Holiday Is No Free Lunch
Forgiving payroll taxes is a bad way of stimulating the economy and would leave Social Security benefits underfunded.
Seattle's 'Autonomous Zone' Is Dead, But Its Amazon Tax Has Come Roaring Back to Life
The city has passed a new payroll tax on large employers that is expected to raise over $200 million a year.
To Fight Coronavirus, Trump Wants a Trillion-Dollar Stimulus That Could Make the Crisis Worse
Trump wants a poorly targeted, budget-busting payroll tax that might encourage sick people to work.
Trump Confuses Nation With COVID-19 Address
Plus: A second person appears to be cured of HIV, cops can destroy your home for no reason and refuse to pay, and more...
Expect 'Very Dramatic' Economic Intervention Due to Coronavirus, Says Trump
Plus: How Trump's payroll tax would work, Daily Show accuses Kamala Harris of "gaslighting," and more..
How Would Trump's Payroll Tax Cut Work? Glad You Asked!
The details are reeeaaaaaally sketchy, but here's what we know now.
The Legacy of Frank Lautenberg
The late Sen. Frank Lautenberg's true legacy is one of entrepreneurship.
