Five Years Later, Philadelphia's Soda Tax Is Falling Flat
The city wanted to bring in more money, in part for early childhood education. But such taxes are disproportionately paid by the poor.
Taxes
Rescheduling Marijuana Would Leave Federal Prohibition Essentially Untouched
Although the HHS-recommended change would benefit researchers and the cannabis industry, it would not resolve the conflict between state and federal marijuana laws.
What Rescheduling Marijuana Would and Wouldn't Do
Although it would leave federal prohibition essentially untouched, the change would facilitate medical research and dramatically reduce taxes on state-licensed suppliers.
China Is No Economic Model for America
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
Season 1, Episode 5 Podcasts
Why We Can't Have Nice Things: The 'Chicken Tax' That Makes Pickup Trucks More Expensive
"It's not easy to make one of these rules, but it's a thousand times harder to get rid of one."
In November, Ohio Could Become the 24th State To Legalize Marijuana
The cannabis initiative will appear alongside a measure aimed at protecting abortion rights, which could boost its chances.
Fun, Silly Anti-Tax Ballad 'Rich Men North of Richmond' Goes Viral for Some Online Reasons
If you don't take Oliver Anthony's surprise hit song too seriously, it's a lot of fun. Regrettably, a lot of people are taking the song much too seriously indeed.
The IRS Misplaced Millions of Taxpayer Records. Again.
The only effective means of keeping tax collectors from misusing data is keeping it from them.
The Democratic Governor Who Wants Drug Legalization and Free Markets
"Government in general does a lot of things that aren't necessary," says Jared Polis.
The Legally Authorized Charges Against Donald Trump and Hunter Biden Don't Tell Us What Justice Requires
The nature of their conduct is a better indicator of the punishment they deserve.
How Hunter Biden's Plea Deal Fell Apart
A federal judge objected to two aspects of the agreement that seemed designed to shield Biden from the possibility that his father will lose reelection next year.
Biden Administration Considering New Tariffs That Will Hike Prices for Canned Goods
The Commerce Department and the International Trade Commission are considering a petition that would impose tariffs of up to 300 percent on tinplate steel.
'Bidenomics,' Like All Industrial Policy, Sucks
Plus: Does Tom Cruise really do all of his own stunts?
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Massachusetts' Wealth Tax Encouraged NBA's Grant Williams To Sign With Dallas
Grant Williams breaks down the math: "$54 million in Dallas is really like $58 million in Boston."
Taxpayers Pony Up for Transit Systems They'll Never Use
The median resident of Southern California takes zero transit trips annually, and only 2 percent of the region's population frequently uses mass transit.
This Election Season, Beware of These False Promises
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
Bridget Phetasy: Why I Left California for Texas
The wildly popular podcaster is still "politically homeless" but says leaving California and having a kid have improved her life immensely.
SCOTUS Case Could Quash Democrats' Wealth Tax Plans
Plus: Why people believe doomer narratives, schools seek to define social media platforms as public nuisances, and more...
Economic Freedom Is Declining in the U.S.
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
California's Latest Tax-the-Rich Scheme: Electric Bills Based on Income
And it undercuts energy efficiency investments already made by millions of Californians.
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
One Reason for New York's Pitiful Rollout of Legal Pot: License Preferences for Victims of Prohibition
More than two years after legalizing recreational use, the state has just a dozen licensed retailers.
Adam Smith Wasn't a Progressive
Stop quoting him out of context on taxation, education, and monopoly.
Social Security and Medicare Are Ticking Time Bombs
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Wealth Taxes Result in Rich People Fleeing, Turns Out
Norway hiked its wealth tax. A bunch of rich people got the hell out.
The County Sold Her Home Over Unpaid Taxes and Kept the Profit. SCOTUS Wasn't Having It.
"The taxpayer must render unto Caesar what is Caesar's, but no more," wrote Chief Justice John Roberts.
Should Drivers Have To Pay More To Register Electric Vehicles?
Texas's $200 annual E.V. fees seem like a lot of money but is largely in line with what owners would likely pay in gas taxes.
Taxing the Rich Will Have No Meaningful Effect on Our Sky-High National Debt
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
Minnesota Will Be the 23rd State To Legalize Recreational Marijuana
Possession and home cultivation will be legal as of August 1, and licensed sales could begin in late 2024.
Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't!
The debt ceiling isn’t the issue; excessive federal spending is the real problem.
Vivek Ramaswamy Thinks 'Wokeness Is a Cultural Cancer'
Why the businessman launched a long shot campaign for the presidency.
Simplify the Tax Code Instead of Creating an IRS Rival to TurboTax
Americans collectively spend billions of hours each year preparing their taxes. Rather than adding a government-run website into the mix, politicians should just simplify the tax code.
NYC May Force Rich People To Pay Higher Parking Fines Than the Poor
A pilot proposal to levy civil fines based on income is being considered by the City Council.
The Debt Ceiling Fight Is a Reminder of America's Dire Fiscal Future
The longer we wait to address our debt, the more painful it will be.
It's Been 10 Years Since the IRS's Tea Party Scandal. Will Congress Finally Act?
The partisan and constitutional dangers of letting the IRS police speech are simply too great.
States Spend Billions on Economic Development Deals With Little Return
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
New York's Heavy Hand Keeps Illegal Marijuana and Tobacco Dealers in Business
High taxes and heavy regulations are as effective as prohibition at creating black markets.
'It's Like Stockholm Syndrome': Gloria Álvarez Is Trying To Save Latin America From Socialism
"If there is freedom, private property, rule of law, then Latin Americans thrive," says the social media star.
Minnesota Is Poised To Join 22 Other States in Legalizing Recreational Marijuana
The debate over the details shows that, despite all the talk of treating cannabis like alcohol, legislators are not prepared to fully embrace that model.
She Had $2,300 in Unpaid Taxes. The County Bilked Her for $25,000.
Geraldine Tyler's case is not unique; home equity theft is legal in Minnesota and 11 other states.
Taxes Are Not the Mark of Civilized Society
Contra the famous quotation from Oliver Wendell Holmes, there's nothing particularly civilized about the way our governments spend the money we provide.
Is Clarence Thomas Ethically Challenged?
Plus: What the editors hate most about the IRS and tax day
Auditors Asked the IRS To Figure Out Why So Many Taxpayers Make Mistakes. The IRS Said 'No.'
Maybe taxpayers would make fewer mistakes if the federal tax code weren't so hopelessly complex.
IRS Is 48 Days Late To Issue Report Telling American Public How It'll Spend New $80 Billion
The agency’s new report tells us practically nothing of significance.
Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
