The G7 Agrees To Create a Global Tax Cartel
It will be no better for taxpayers than oil cartels are for consumers.
Taxes
People Love To Criticize Capitalism. Here's Why They're Wrong.
In capitalist societies, the poor get richer.
Biden's Tax Plan Means 60 Percent of Taxpayers Will Pay More
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.
The $1.9 Trillion American Recovery Act Could Have Huge Implications for State Tax Policies
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.
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.
ProPublica's Bombshell Tax Report That Wasn't
The new report doesn't reveal anything we didn't already know.
Elizabeth Warren's Plan To Close the 'Tax Gap' Doesn't Add Up
But it would triple the IRS budget and give the tax cops a lot more power to make life miserable for individuals and businesses.
Is California Over?
Why the Golden State is losing people, business, and a congressional seat
Biden's Astronomical Budget Proposal Even Has Some Democrats Worried
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
Joe Biden's Fragile Global Minimum Tax Cartel
The Biden administration is expending a lot of time and energy to make the country more uncompetitive than ever.
The Bipartisan War on Work
Urban Democrats may be leading the charge, but Republicans, too, have enlisted.
Do Democrats Realize They Need Republican Support To Legalize Marijuana?
The MORE Act, which was reintroduced today, is full of contentious provisions that go far beyond repealing federal prohibition.
Expanding the Child Tax Credit Will Do Very Little To Help the Poor. Here's Why.
No country gets out of poverty through redistribution of income.
Biden Wants To Spy on American Bank Accounts
Plus: Trump administration spied on CNN reporter, the right's wrong turn on economic liberty, and more...
Stop Using the IRS To Subsidize Parenting
In response to Biden's child tax credits, Sen. Josh Hawley proposes paying parents $1,000 per month—if they're married—and $500 per month if they're single.
Yes, the National Debt Matters
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
Corporations Are Getting Rich off Government Aid
"I don't understand why money is leaving my pocket and going into the pocket of somebody who is wealthy."
Bernie Sanders Is (Mostly) Right About the SALT Deduction
The state and local tax deduction overwhelmingly benefits rich households in high-tax states while shifting their federal tax burden to everyone else.
Great Moments in Unintended Consequences (Vol. 3)
Good intentions, bad results.
Biden Wants To Resurrect Obama-Era Occupational Licensing Plan for Tax Preparers
Like all licensing schemes, this one will raise prices for consumers, hurt entrepreneurs, and protect the interests of the big guys in the market.
Biden's 'American Families Plan' Sends the IRS To Snoop on Bank Transactions, Venmo Accounts
The White House says cracking down on tax cheats will generate $700 billion over 10 years to help offset a $1.8 trillion expansion of welfare programs.
Joe Biden Just Outlined the Most Expensive Agenda in Modern History. Progressives Want More.
"We need a Green New Deal for Public Housing," says Rep. Jamaal Bowman. "We need a Green New Deal for Cities…and we need a Green New Deal for Public Schools."
Biden Seeks $1.8 Trillion for Public Child Care, Preschool, College
Plus: ACLU opposes menthol cigarette ban, student Snapchat case comes before Supreme Court today, and more...
The 4 Things Many States Get Wrong When They Legalize Marijuana
Politicians and bureaucrats in legal states still struggle with the temptation to over-tax and over-regulate their legal marijuana markets.
Enjoy Tax Day 2021. They Just Get Worse From Here.
Tax hikes and growing debt guarantee shared pain in a hobbled economy.
Biden's $2.3 Trillion Infrastructure Plan Is Teeming With Cronyism
Democrats never miss an opportunity to rail against big corporations. Yet they're eagerly subsidizing their big corporate friends.
6 Marijuana Legalization Lessons
Three recently approved plans show what politicians have learned (or failed to learn) since Colorado became the first state to allow recreational use.
The Misleading Push for Corporate Tax Hikes
Corporations get attacked for not paying taxes in a certain year, but they’re just spreading out their losses.
Scandinavia Understands the Value of Low Corporate Taxes. Why Doesn't Joe Biden?
The president's proposed tax hike would fall on workers. This isn't a controversial point.
Biden Said His Tax Hikes Would Only Affect the Rich. He Can't Keep That Promise.
Workers will suffer.
New York Becomes the 16th State To Approve Marijuana Legalization
The law is surprisingly permissive in some ways, but it includes high taxes and other provisions that hurt consumers.
It's Infrastructure Week. Really.
Plus: Pharmacies are doing a better job of vaccinating than the government, New York will legalize weed, and more...
Here's How Biden's Proposed Tax Increases Will Affect You
It seems some are just waking up to the size and scope of the president's federal tax plan.
Elizabeth Warren Wants To Break Up Amazon So It's 'Not Powerful Enough To Heckle Senators With Snotty Tweets'
She said the quiet part out loud.
Elizabeth Warren's and Bernie Sanders' 'Wealth Tax' Would Be Terrible for Low-Income Workers
And it has failed in almost every country where it's been tried.
After $1.9 Trillion Spending Hike, Biden Is Planning $3 Trillion in New Spending
This time with tax increases too!
Biden's Planned Corporate Tax Hike Will Cost Jobs and Reduce Economic Growth. Because That's What Taxes Do.
The White House is reportedly considering hiking the corporate income tax to 28 percent and raising individual income taxes on high earners to pay for more federal spending.
Bipartisan Support of Child Tax Credits Is Too Hasty
The jury is still out about whether broad parental subsidies improve outcomes for children
Biden Aims To Fund Future Spending Sprees With New Tax Hikes
Plus: Two dozen Texas bills seek to restrict voting, media companies seek special exemption from antitrust rules, and more...
Biden's 'Rescue Plan' Will Sic the IRS on Anyone Who Earns $600 in the Gig Economy
What does this have to do with the pandemic? Nothing.
Federal COVID-19 Bailout Prohibits States From Cutting Taxes
The measure could also make it illegal for states to create new tax credit programs, such as those used for expanding school choice.
Elizabeth Warren Still Wants a Wealth Tax. It Still Won't Work.
The Massachusetts senator is the latest Democrat to use the pandemic to justify a policy she already wanted.
Washington State Might Tax 4 People Billions of Dollars. What If They Leave?
A proposed wealth tax would collect 97 percent of its revenue from famous billionaires.
State, Local Governments Are Posting Surprisingly Sunny Revenue Projections. Democrats Want To Give Them $350 Billion Anyway.
Most states managed to avoid much-predicted fiscal crises during the pandemic. Congress wants to shower them with more federal aid anyway.
Maryland's Legislature Just Imposed a New Tax on Digital Advertising by Overriding Gov. Larry Hogan's Veto
The first-in-the-nation tax is an expensive and regressive policy that's also possibly unconstitutional.