In capitalist societies, the poor get richer.
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.
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.
But it would triple the IRS budget and give the tax cops a lot more power to make life miserable for individuals and businesses.
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
The MORE Act, which was reintroduced today, is full of contentious provisions that go far beyond repealing federal prohibition.
No country gets out of poverty through redistribution of income.
The state and local tax deduction overwhelmingly benefits rich households in high-tax states while shifting their federal tax burden to everyone else.
Like all licensing schemes, this one will raise prices for consumers, hurt entrepreneurs, and protect the interests of the big guys in the market.
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.
"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."
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Politicians and bureaucrats in legal states still struggle with the temptation to over-tax and over-regulate their legal marijuana markets.
Tax hikes and growing debt guarantee shared pain in a hobbled economy.
Democrats never miss an opportunity to rail against big corporations. Yet they're eagerly subsidizing their big corporate friends.
The president's proposed tax hike would fall on workers. This isn't a controversial point.
Workers will suffer.
The law is surprisingly permissive in some ways, but it includes high taxes and other provisions that hurt consumers.
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.
And it has failed in almost every country where it's been tried.
Don't take the money.
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.
The jury is still out about whether broad parental subsidies improve outcomes for children
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What does this have to do with the pandemic? Nothing.
The measure could also make it illegal for states to create new tax credit programs, such as those used for expanding school choice.
The Massachusetts senator is the latest Democrat to use the pandemic to justify a policy she already wanted.
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.