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.
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
"I don't understand why money is leaving my pocket and going into the pocket of somebody who is wealthy."
The state and local tax deduction overwhelmingly benefits rich households in high-tax states while shifting their federal tax burden to everyone else.
Good intentions, bad results.
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."
Plus: ACLU opposes menthol cigarette ban, student Snapchat case comes before Supreme Court today, and more...
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.
Three recently approved plans show what politicians have learned (or failed to learn) since Colorado became the first state to allow recreational use.
Corporations get attacked for not paying taxes in a certain year, but they’re just spreading out their losses.
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.
Plus: Pharmacies are doing a better job of vaccinating than the government, New York will legalize weed, and more...
It seems some are just waking up to the size and scope of the president's federal tax plan.
She said the quiet part out loud.
And it has failed in almost every country where it's been tried.
This time with tax increases too!
In both situations, the grant conditions in question were not clearly and unambiguously authorized by Congress.
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
Plus: Two dozen Texas bills seek to restrict voting, media companies seek special exemption from antitrust rules, and more...
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.
The ruling is an unsigned, one-sentence order.
A proposed wealth tax would collect 97 percent of its revenue from famous billionaires.
Most states managed to avoid much-predicted fiscal crises during the pandemic. Congress wants to shower them with more federal aid anyway.
The first-in-the-nation tax is an expensive and regressive policy that's also possibly unconstitutional.
I was interviewed by Joe Salvetta of the Pioneer Institute, a leading Massachusetts public policy think tank.
Good intentions, bad results.
The Supreme Court did not resolve the case today, but did take the noteworthy step of asking for the views of the federal government.
The case was filed directly in the Supreme Court under its "original jurisdiction" over cases filed by one state against another. It could have important implications for the future of federalism.
Entrepreneurs discouraged by red tape even before COVID-19 need officials to leave them alone.
The tax- and corruption-heavy state has lost a quarter-million people in the past decade.
The law bans mail delivery of vaping products and requires all vendors to comply with burdensome tax reporting rules.
Despite Elizabeth Warren's contention that it is the "single most effective economic stimulus that is available through executive action," forgiving student debt is a bad idea.
The national soda tax may be a small but telling example of how Tanden views policy making.
Deutsche Bank has proposed a 5 percent income tax on people working from home, the revenue from which could be spent supplementing the lost wages of service workers.
Yale University gets government handouts while paying little in property taxes.
Tax hikes? Drug wars? Racial Preferences? Not today.
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