Uncle Sam Doubles Down on His Spending Addiction
The federal government is not a good steward of your money.
Taxes
Canada Still Not Raking in as Much Marijuana Revenue as Planned
A lesson for other governments making legalization plans
Bernie Sanders' Wealth Tax Would Be Bad for Workers
The Vermont socialist has always claimed to be a champion of the working class. But over time, his wealth tax would fall heavily on ordinary Americans.
Elizabeth Warren Has a Fake Plan To Pay for Medicare for All
Warren claims total costs for middle-class families would go down under her plan, but there are reasons to doubt this.
Cory Booker, Who Urged Democratic Unity, Drops Out of Presidential Race
The New Jersey senator was also willing to buck the establishment at key moments.
Trump's Proposed European Tariffs Would Be Terrible for People Who Like Good Wine and American Jobs
A 100 percent tariff on European wines could all but wipe out the industry.
Illinois Spent the Last Decade Losing Population and Learning Nothing
Our most troubled state enters 2020 having lost residents for six years in a row.
Marijuana Edible Buyers in Illinois Will Pay More Than Twice the Taxes Charged in Michigan
Which state do you think will be more successful at moving cannabis consumers to the legal market?
Two Years After Licensed Marijuana Merchants Began Operating in California, They Account for Just a Quarter of Sales
The state's Cannabis Advisory Committee blames high taxes, local bans, and onerous regulations.
Now That It's Toothless, Obamacare's Individual Mandate Is Unconstitutional
The shifting understanding of the requirement to buy health insurance elevates form above substance.
Gov. Cuomo's Plan To Attack Cigarette Retailers Will Fuel New York's Black Market
More than half of cigarettes consumed in the state are smuggled from elsewhere, thanks to high taxes.
Elizabeth Warren Wants To Tax Lobbying
Her lobbying tax proposal is pseudo-policy, a veneer of wonky seriousness over dubious populist dogma.
Fifth Circuit Sends Obamacare Severability Issue Back to Square One—But Not Quite
The appellate court remanded the most important issue in the case back to the district court. But its instructions will make it difficult for the trial judge to again rule that the entire Affordable Care Act must fall with the individual mandate.
Bipartisan 'Bucket of Garbage' Budget Bill Contains $50 Billion in Special Interest Tax Breaks
On their own, some of those tax breaks might be defensible. Dumping them into a must-pass budget bill is not.
Eat The Rich? House Democrats Plan To Pass Huge Tax Break for Wealthy Homeowners.
The party that's calling for huge tax increases on the wealthy is about to hand wealthier Americans a big tax break that will add to the federal budget.
Moderate Joe Biden Wants Tax Hikes Twice as Big as Hillary Clinton Proposed in 2016
A sign of just how far left Democrats have moved under Trump
New Tariffs Scheduled for December 15 Won't Pressure China Into Making a Deal. Trump Should Cancel Them.
The set of tariffs scheduled for December 15 will hit a wide range of consumer goods from children's toys to laptops, gaming consoles, and other home electronics. They will be costly and ineffective..
The Marijuana Black Market Will Keep Its Throne in California, Thanks to Tax Increases
When the government tries to hoover up all the money earned from legalized drugs, this is what happens.
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.
