Elizabeth Warren Wants the IRS To Create Its Own TurboTax. What Could Go Wrong?
A simplified tax code is the answer, not giving the IRS more funding.
Taxes
When Government Spending Hurts the Most Vulnerable
As inflation increases, we need a low-debt environment.
Want To Close the Tax Gap? Cut Taxes.
It would require our enormous government to become less gluttonous with the people's resources.
Chuck Schumer Says He Wants To Legalize Marijuana. His Bill Suggests Otherwise.
The Senate majority leader's racial rhetoric and overly prescriptive approach make an already iffy effort even more quixotic.
Shaky Social Security Trust Fund May Run Out in 11 Years
Are you ready for 30 percent cuts in benefits to keep the program alive?
Biden's New Death Tax Hits the Middle Class While Excluding Certain Wealthy Investors
The American Families Plan hits individuals with identical net worths very differently.
Federal Court Strikes Down Tax Mandate Requirement in Biden Stimulus Spending Bill
The mandate prevents bars states receiving federal funds under the Act from enacting tax cuts that are "directly or indirectly" offset by the grants.
The Bipartisan Infrastructure Bill Shows That Republicans Love Big Government Just as Much as Democrats
We don't have a gridlock problem. We have a spending problem.
Supreme Court Won't Hear Case Challenging Massachusetts' Income Tax on Telecommuters Who Don't Live or Work in Massachusetts
The Court left increasingly urgent questions about taxing remote workers up in the air.
Supreme Court Refuses to Hear New Hampshire v. Massachusetts—An Important Case Challenging Massachusetts' Taxation of NH Residents Working Remotely for MA Firms
But the issue of state taxation of remote workers is likely to recur.
Democrats Are Considering a $6 Trillion Infrastructure Plan That Has Little to Do With Infrastructure
For many elected Democrats, infrastructure is much more than roads, bridges, dams, and waterways.
John McAfee Found Dead in a Spanish Prison Cell
The software entrepreneur, Libertarian presidential hopeful, and international man of mystery had just been ordered extradited to the U.S. from Spain on charges of tax evasion when he was found dead by hanging.
The G7 Agrees To Create a Global Tax Cartel
It will be no better for taxpayers than oil cartels are for consumers.
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.
New Developments in Ohio's Challenge to the Stimulus Bill Provision Restricting Tax Cuts by States Receiving Federal Grants under the Act
A federal court issues a ruling against the requirement that states receiving stimulus funds are not allowed to raise taxes. Meanwhile, the Treasury Department issues an "interim final rule" intended to limit the scope of the mandate - and protect it against legal challenge.
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.