Trump, the Self-Described 'Tariff Man,' Does Not Understand How Tariffs Work
Since the president-elect refuses to admit that levies on imports are taxes paid by Americans, he sees no downside to raising them.
Since the president-elect refuses to admit that levies on imports are taxes paid by Americans, he sees no downside to raising them.
Burdensome taxes and red tape produce the same results as outright prohibitions.
Most people don't realize it, but if you're a U.S. citizen, the IRS wants to know about all the money you earn, no matter where in the world you earn it.
The draconian penalties that Hunter Biden escaped affect many people whose fathers cannot save them.
Joe Biden says his son did not deserve prison for violating firearm laws that the president vigorously defends and has made more severe.
Here's how expiring tax cuts could affect you.
Selling vintage spirits is better than pouring them down the drain, but the state shouldn't use the proceeds to fund a private corporation.
Plus: Are tariffs inflationary, RIP to a giant of the free market movement, and more...
A proposed alcohol tax hike will hit immigrant-owned liquor stores while city spending on nonessential projects remains high.
The states already overregulate alcohol. There's no need for a federal layer of red tape.
Americans spent an estimated $133 billion and 6.5 billion hours filing their tax returns in 2024.
The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.
Much of the detail remains to be worked out, but lawmakers and corporations are already preparing.
The bipartisan embrace of industrial policy represents one of the most dangerous economic illusions of our time.
After proposing a deduction for interest paid on car loans, the former president suggested it would apply only to vehicles made in America.
The former president says the government should be funded like it was in 1890. So where's the plan to reset spending to 1890s levels?
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.
Both candidates are making a final big government, populist pitch to undecided voters.
As millions of Christians plan to sit out the election, church leaders face tough choices about how to inspire their congregations without violating the law.
AFIP is an "unnecessary bureaucracy" that stifles economic freedom, says Milei's government.
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
These policies may sound good on paper—but they would be disastrous in reality.
Plus: How will the editors vote in the presidential election?
The former president's increasingly lopsided economic policy proposals have the feel of throwing spaghetti at the wall.
Many citizens of the land of the free are hooked on government checks.
A handful of states use loopholes to get around a Supreme Court ruling that declared the practice unconstitutional.
The IRS fines hostages for taxes they couldn't pay while they were detained. A bill in Congress is trying to fix this.
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
Lower taxes are better taxes, but they should be part of well-considered plans.
Neither Harris nor Trump has a plan to address national debt, but they dramatically differ on taxation.
The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.
Corporate subsidies and regressive tax breaks show who really benefits from Harris' agenda.
His new stance could encourage Vice President Kamala Harris to emphasize her opposition to federal marijuana prohibition.
Gas prices in California are exceptionally high because of the state's high taxes and anti-oil regulations, not because gas station owners there are greedier.
Kevin Fair fell behind on his property taxes in 2014. The local government eventually gave a private investor the deed to his home.
As with Trump and his tariffs, Harris appears unwilling to acknowledge the obvious consequences of hiking taxes on businesses.
The Edmondson Community Organization accrued a modest property tax debt. The group paid dearly for that.
Exempting tips from the federal income tax would add to the deficit and unfairly penalize nontipped workers. It's a bad idea no matter who is pitching it.
The campaign promise from Donald Trump sounds nice, but it would be disastrous when considering the program is already racing toward insolvency.
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
Walz's track record as governor includes pushing for higher taxes, legalizing marijuana, and asking neighbors to spy on one another during the COVID-19 pandemic.
Both are embracing a total policy nihilism and turning the election into a cynical pander-off.
People making the same income should be paying the same level of taxes no matter how they choose to live their lives.
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