The Senate failed to pass a three-year extension on tax credits for the Affordable Care Act. But the only thing keeping it at all "affordable" was a flood of taxpayer money to conceal its true expense.
Real industrial policy has been tried—in many countries, by governments of every ideology. It fails every time for the same reason.
Democrats defend every entitlement and dream up new benefits. Republicans demand more defense spending and still more tax cuts.
Government interference in health care should be reduced, not expanded.
Four ideas that are better than extending Obamacare subsidies and a government shutdown.
Just as Biden’s preference for renewables distorted markets and harmed consumers, so too does Trump’s bias toward coal.
This time, Democrats turned the most basic government housekeeping into hostage drama.
Will city and state governments get swindled by sports teams?
Some policymakers now say the federal government's stake in Intel should be a "down payment" on a U.S. sovereign wealth fund. The idea is terrible.
Studios certainly appreciate free money, but lower fixed costs on labor are a much better incentive than tax credits they don't use.
LiveWire, an electric motorcycle company, sold just 55 motorcycles in Q2 2025 despite receiving millions of dollars in federal backing.
It's time to ask what level of spending Americans truly want with the money we actually have.
If Trump kills the deal over the team changing its name, he'd be doing the right thing but in perhaps the most corrupt possible way.
Government policy bears much of the blame for the use of high-fructose corn syrup, and Trump's policies will not change that.
Green energy is promising. But subsidies distort the tax code, misallocate capital, and favor companies already in the game.
“There's no such thing as a free stadium,” says J.C. Bradbury. “You can't just pull revenue out of thin air.”
This is what Washington calls compromise: The House proposes $1, the Senate proposes $2, and somehow, the government ends up spending $3.
The tech and online retail giant will build at least two data centers in the Keystone State but pay no sales taxes on equipment.
Local governments love giving sweetheart deals to billion-dollar companies—now data centers instead of football stadiums.
Plus: A ridiculous tax carveout, Trump backs D.C. stadium, and Shedeur Sanders
Eliminating the deficit requires cutting the biggest spending—defense, Medicare, Social Security. So far, Trump says he won't touch those.
Howard Lutnick told senators that CHIPS Act subsidies were "an excellent down payment."
He set a process in motion that led to the state's wasteful and expensive film tax credits.
The newly published paper found that Amazon's entry in a metro area led to increases in wages, jobs, and home values.
California's governor is considering revamping wasteful state rebate programs for low-emitting vehicles.
The law's biggest beneficiary is Intel, which lost more than half its market value this year as competitors soared.
If funding were approved, St. Petersburg residents would have been on the hook for a new stadium for one of baseball’s least attended teams.
The Affordable Care Act has become a broken welfare program for people who don't need it.
Will the mercurial tech mogul put his thumb on the scale to help his own companies, or will he push for a broader deregulatory agenda?
Despite decades of bipartisan attempts, industrial policy keeps failing to deliver on promises from both the left and the right.
If Musk is truly serious about fiscal discipline, he'll advise the president-elect to eschew many of the policies he promised on the campaign trail.
The bipartisan embrace of industrial policy represents one of the most dangerous economic illusions of our time.
City officials are threatening to invoke the "Modell Law" to prevent a potential move to a new facility in Brook Park.
Both candidates have promised a litany of special favors to handpicked constituencies. If you don't fit into the right categories, you'll pay the price.
China has dominated the market—thanks in part to a robust industrial policy.
Coal and natural gas are more reliable but they can't compete with massively subsidized wind and solar. That's a problem.
Corporate subsidies and regressive tax breaks show who really benefits from Harris' agenda.
There would seem to be little added fairness, and little added incentive for illegal immigration, in letting more people draw from a well that's already run dry.
Speakers at the 2024 convention bragged about the Democratic Party's willingness to give public money to private companies.
Plus: Taylor Lorenz scandal, Chinese economy in trouble, tax-free tips, and more...
North Carolina taxpayers have already spent over $96 million on the site, while state officials have seized multiple private properties.
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
According to recently updated figures, more than half of the state's film production credits for 2021 went to just one film, whose two stars collectively earned over $50 million.
Both had been dropped from the Inflation Reduction Act over concerns about the bill's cost and the amount of borrowing needed to pay for them.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
Growth of regulation slowed under former President Trump, but it still increased.
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
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