Amazon Warehouses Benefit Local Economies, Study Finds
The newly published paper found that Amazon's entry in a metro area led to increases in wages, jobs, and home values.
Subsidies
Donald Trump Wants To End E.V. Subsidies. Gavin Newsom Is Trying To Save Them.
California's governor is considering revamping wasteful state rebate programs for low-emitting vehicles.
Biden Rushes To Dole Out CHIPS Act Funds Before Leaving Office
The law's biggest beneficiary is Intel, which lost more than half its market value this year as competitors soared.
Tampa Bay Rays Cancel New Stadium Plans After Local Government Stalls Funding
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.
Abolish Obamacare
The Affordable Care Act has become a broken welfare program for people who don't need it.
Elon Musk Spent $118 Million To Elect Trump. What Will He Get in Return?
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?
The Empty Promises of Industrial Policy
Despite decades of bipartisan attempts, industrial policy keeps failing to deliver on promises from both the left and the right.
How Donald Trump and Elon Musk Could Cut $2 Trillion in Government Spending
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.
Central Planning Won Big on Election Night
The bipartisan embrace of industrial policy represents one of the most dangerous economic illusions of our time.
Will the City of Cleveland Sue to Keep the Browns from Moving to the Suburbs?
City officials are threatening to invoke the "Modell Law" to prevent a potential move to a new facility in Brook Park.
Neither Trump Nor Harris Wants To Drain the Swamp. They Want You To Join It.
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.
Most Chinese E.V. Firms Are Unprofitable. Local Governments Keep Propping Them Up Anyway.
China has dominated the market—thanks in part to a robust industrial policy.
How Reliable Is America's Electrical Grid?
Coal and natural gas are more reliable but they can't compete with massively subsidized wind and solar. That's a problem.
Kamala Harris Pledges To Soak the Rich—But Her Policies Have Showered Them In Cash
Corporate subsidies and regressive tax breaks show who really benefits from Harris' agenda.
California Legislature Extends Exhausted Homebuyer Subsidies to Illegal Immigrants
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.
Industrial Policy Is Alive and Well at the Democratic National Convention
Speakers at the 2024 convention bragged about the Democratic Party's willingness to give public money to private companies.
Harris' Economic Illiteracy
Plus: Taylor Lorenz scandal, Chinese economy in trouble, tax-free tips, and more...
VinFast Delays Production After North Carolina Seizes Property for Factory Site
North Carolina taxpayers have already spent over $96 million on the site, while state officials have seized multiple private properties.
RFK Jr. Pays Lip Service to the Debt While Pushing Policies That Would Increase It
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
The 'Pro-Worker' GOP Is Anti-Worker
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
Netflix's 'Don't Look Up' Got $46 Million From Massachusetts Taxpayers
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.
Harris Promises Expensive Paid Leave and Child Care Subsidies in First Campaign Speech
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.
Here's How To Pay for Trump's Tax Cuts
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.
Trump Promises To Get Rid of Bad Regulations. Can He Deliver?
Growth of regulation slowed under former President Trump, but it still increased.
The 2024 GOP Platform Promises To 'Make America Affordable Again.' So Why Are They Embracing Fiscal Insanity?
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
If You Don't Trust Media Now, Wait Until It's Government-Funded
Subsidies for journalism will divorce reporters from the need to even try to win readers and viewers.
Biden, Trump, and RFK Jr. Are All Anti-Freedom
Those three presidential candidates are making promises that would have bewildered and horrified the Founding Fathers.
N.J. Businessman Indicted for Sopranos-Style Economic Development Racket
George Norcross III's alleged actions are almost cartoonishly corrupt. But for economic development programs, it's not too far off from business as usual.
The Best of Reason: Government Can't Fix America's Baby Bust
The obstacles to having more babies can't be moved by tax incentives or subsidized child care.
Government Can't Fix America's Baby Bust
The obstacles to having more babies can't be moved by tax incentives or subsidized child care.
The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture
Why aren't politicians on both sides more worried than they seem to be?
Trump Promised To 'Drain the Swamp.' He Did the Opposite.
Total spending under Trump nearly doubled. New programs filled Washington with more bureaucrats.
China Is Doubling Down on Electric Vehicle Subsidies
Electric vehicles are not a bad thing, especially in heavily polluted China. But the market should drive demand, not central planners.
These New York Agencies Benefit From Giving Away Taxpayer Money
A report from Good Jobs First found that 80 percent of state development agency revenue comes from fees: The more tax money they give out, the more they get to keep.
Congress Yet Again Abuses 'Emergency Spending' for Non-Emergency Purposes
Let's just call this what it is: another gimmick for Congress to escape its own budget limits and avoid having a conversation about tradeoffs.
Poll: A Majority of Las Vegas Voters Don't Want To Pay for Athletics' New Stadium
The team's owner, John Fisher, may have overestimated Las Vegas residents' enthusiasm for a new baseball team.
Say No to This: America's Fiscal Norms Are in Decline
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
Politicians Are Showering Manufacturing Companies With Crony Subsidies for 'Job Creation.' It Won't Work.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Biden Is Against Corporate Welfare Except When He's for It
Government officials seek to shape the economy to the liking of politicians.
New Georgia Law Limits Film Tax Credits. But Marvel Would Still Qualify.
While the state senate's bill would cap tax credits at 2.3 percent of the state's budget, any production filming at a big enough studio would be exempt.
America's Drone Industry Is Trying To Ban the Competition
Chinese camera drones are the most popular worldwide. American drone manufacturers argue that's a national security threat.
Federal Handout to Intel Will Cost $283,000 Per Job, and That's Being Generous
And the real kicker is that Intel was probably going to create those jobs without taxpayers funding anything.
The Political Right Has Luxury Beliefs, Too
Support for industrial policy and protectionism are supposed to help the working class. Instead, these ideas elevate the already privileged.
Rivian Pauses Construction at Factory That Costs Georgia Taxpayers $1.5 Billion
The company will now build everything in its existing Illinois factory, pausing construction on the Georgia plant until "later."
If Semiconductor Chip Demand Is High, Why Do We Need More Subsidies?
Commerce Secretary Gina Raimondo says more chip subsidies are needed, even before the Biden administration has distributed $52 billion or measured how effective that spending was.
Biden Pours Out Another $6.5 Billion for the CHIPS Act's Costly Protectionism
It's part of the government's expensive public-private partnership meant to address concerns over a reliance on foreign countries, like China, for semiconductors.
Audit Finds New York's $700 Million Film Tax Credits Make Little Difference
The credit "is at best a break-even proposition and more likely a net cost" for the state.
