Congress Readies Another Round of Crony Handouts
Here we go again.
Taxes
County Says Seizing Home Over $8.41 Tax Debt Was OK Because Counties Need Money
"You have a situation where a person owed $8 and lost their house. I mean, how is that equitable?" asked Michigan Supreme Court Justice Richard Bernstein.
Elizabeth Warren Wants To Raise Taxes by $26 Trillion
What she and Bernie Sanders are proposing is nothing short of a wholesale transformation of the size and scope of government.
Texas Voters Ban State Income Taxes. Again.
Some 76 percent of Texas voters approved a constitutional amendment that prohibits the state from imposing any income tax.
A Michigan Man Underpaid His Property Taxes By $8.41. The County Seized His Property, Sold It—and Kept the Profits.
A state law allows counties to effectively steal homes over unpaid taxes and keep the excess revenue for their own budgets.
NCAA Okays Paying Student Athletes, Republican Senator Immediately Wants to Tax Their Scholarships
Sen. Richard Burr's proposal would heavily deter any student-athlete from getting paid.
Tax-Prep Cronyism Revealed in IRS Emails
Plus: Texts encouraging suicide yields charges again, California fires, Rep. Katie Hill and #MeToo politics, impeachment news, and more...
Canada Hobbles 'Legal' Marijuana With Burdensome Rules
Once again, underground suppliers step in when over-regulated markets can’t satisfy customers.
Democratic Wealth Tax Proposals Demonstrate Economic Ignorance
Bashing the rich may be good politics, but it’s terrible economics.
Restrictions Make Vaping the Next Lucrative Product Line for Cigarette Smugglers
High taxes and tight restrictions have handed huge chunks of the tobacco market to criminal networks. Why would vaping be any different?
Federal Court Rules Against Blue-State Lawsuit Challenging Constitutionality of Cap on Federal Tax Deduction for State and Local Tax Payments
The court rejected the four states' claims that the cap on the SALT deduction enacted in the 2017 tax act violated the Tenth Amendment and "coerced" states.
A Second Whistleblower Complaint Is Targeting Trump's Tax Returns
The House Ways and Means Committee is investigating evidence that Trump may have attempted to influence the mandatory IRS audit conducted on sitting presidents.
Elizabeth Warren's 'Wealth Tax' Is Punishment, Not Taxation
Does economic success deserve to be punished? The Democratic Party will have to answer in the coming primaries. Joe Biden is on the correct side of it.
Bernie Sanders Thinks Every Billionaire Is a Policy Failure
Sanders has proposed a wealth tax to eliminate billionaires and fund his expensive domestic policy agenda.
Elizabeth Warren Doesn't Want to Say How She'd Pay for Her Health Care Plan
Probably because it would involve raising middle-class taxes.
California Has Completely Crapped the Bed Rolling Out Legal Marijuana
The black market still dominates. And more enforcement and fines aren’t going to fix it.
It's Not a Mystery Why America's Biggest Cities Are Losing Population
Chicago, Los Angeles, and New York City all have some easily identifiable management problems.
Bill de Blasio's Proposed 'Robot Tax' Is Completely Unnecessary, Just Like His Candidacy
Forcing future Americans to do manual labor that could be automated isn't "saving" them from job losses. It's trapping them in jobs that could be made more efficient, more productive, and more rewarding.
Latest Trade War Casualties: More Than 10,000 Layoffs in August
The trade war should be thought of as a massive tax and regulatory scheme.
Trade Wars Have No Winners
As the U.S.-China trade war escalates again, farmers and small businesses are getting hurt the most, but global manufacturing is taking a hit too.
Donald Trump's Big Government Presidency
The Trump administration is pro-government intervention.
Trump Announces Higher Tariffs. At Least He Called Them 'Taxes.'
Existing tariffs on Chinese imports will jump to 30 percent from 25 percent, and the next round of tariffs will be 15 percent instead of 10 percent.
Democrats Love To Promise Free College, So Why Did the U.K. Recently Start Charging Tuition?
When Britain reversed its free college program and asked its citizens to foot a portion of their college bill, more working class people got degrees.
How Would Trump's Payroll Tax Cut Work? Glad You Asked!
The details are reeeaaaaaally sketchy, but here's what we know now.
A Truly Populist Social Security Reform
Politicians need to face the facts about Social Security.
It Wasn't Just a Chokehold That Killed Eric Garner
His death resulted from a violent confrontation that never should have happened.
Peter Navarro Says the 'Data' Show Americans Aren't Paying Trump's Tariffs. In Fact, They Show the Opposite.
Tariffs are taxes on imports that translate into higher prices for American businesses and consumers.
Warren Wants 'Big, Structural Change' That Goes Beyond Anything Previous Democratic Administrations Have Proposed
Warren doesn't merely want to turn back the clock to the pre-Trump era. She wants to raise taxes and regulations far beyond the levels of the late Obama-Biden administration.
Passing Laws, Passing Taxes, and Passing the Buck
Understanding the real economic impact of higher taxes.
Don't Believe the Hype: Sales Tax Holidays Are Usually a Ripoff
A weekend where a few items are free of sales taxes is a poor substitute for permanent reforms.
Colorado's Paid Leave Proposal Ignores Trade-Offs
The unintended consequences of a one-size-fits-all plan.
Occupational Licensing Stops Workers From Moving Across State Lines. Andrew Yang Wants To Fix That.
The Democratic presidential candidate is the latest example that occupational licensing is truly a bipartisan battle.
Why Elizabeth Warren's Wealth Tax Won't Work
Elizabeth Warren says her "ultra-millionaire tax" will raise $2.75 trillion. History says otherwise.
San Francisco Has Ditched Its Dumb 'IPO Tax' (For Now)
The tax was actually on much more than initial public offerings of stocks, and likely would have driven the next generation of startups to locate somewhere else.
Rand Paul Was Right to Delay Vote on Funding Bill for 9/11 First Responders
The Kentucky senator wants the Senate to consider offsetting spending cuts before approving limitless, automatic spending for the rest of the century.
Be Skeptical About Bernie Sanders' Financial Transactions Tax
Nonpartisan and center-left groups are casting doubt on the Vermont senator's revenue estimates.
Trump's Proposed Tariffs on Tea and Fireworks Are Doubly Awful on Independence Day
Tariffs on tea have never caused any problems, right?
Deceptive Data Make Georgia's Film Tax Credit Program Look Less Wasteful
Economists debunk the state government's claims about the size of the film industry.
Bernie Sanders' #CancelStudentDebt Is a Dangerous Scam
The world doesn't owe you a dream college or a dream house or a dream job.
The Depressing State of the 2020 Presidential Race
Lots of bad ideas from both sides of the political aisle.
Joe Biden Said Amazon Doesn't Pay Enough Taxes. Amazon Wasn't Having It.
The Democratic presidential hopeful tweeted that the company pays "a lower tax rate than firefighters and teachers."
Mick Mulvaney Turns His Back on Fiscal Responsibility
"Show me the majority for cutting spending," he says.
The Case Against Government-Mandated Parental Leave
Let employers and employees work it out to meet individual needs.
Trump's Tariffs on Mexican Imports Would Be Biggest Tax Increase in Decades
If the tariffs ramp-up all the way to 25 percent, as Trump has threatened, they would be the biggest tax increase since 1968.
Warren's Wealth Tax Draws Skepticism from Economists
The Democratic hopeful has a plan for everything. Will her plans add up?
Illinois Passes Constitutional Amendment to Allow a Progressive Income Tax
Voters will decide next year whether to impose it.
Illinois Is on the Verge of Legalizing Marijuana. Here Is What the Bill Would Do.
New York legislators also are taking another shot at legalization.
