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.
Taxes
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.
I Gave Myself Severe Diarrhea for Science. Don't Tax Me for It.
Eliminating taxation on compensation for being a human guinea pig is just good public policy.
Reparations for Black Residents Would Cost California $800 Billion, Say Economists
This total is 2.5 times the state's annual budget.
Social Security Will Be Insolvent by 2033
New data from the program's trustees show that insolvency will hit a year sooner than previously expected, giving policy makers just a decade before automatic benefit cuts occur.
Progressive Politicians Are Regulating Their Own Projects Into Oblivion
Excessive government interference in the market hurts consumers and thwarts policy goals. It also gets in the way of the government itself.
New York Lawmakers Want To Use a 'Netflix Tax' To Pay for the Subway
From delivery fees to streaming taxes, New York can’t stomach having MTA users actually pay for the system themselves.
To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Federal Employees Don't Like Paying Taxes Either
Uncle Sam's own workers owe $1.5 billion, and growing, in unpaid taxes.
Biden's New Budget Would Hike Taxes and Wage Class Warfare
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Yes, There Are Libertarians During Bank Runs
Plus: The editors recommend the best books for sparking interest in free market principles.
Biden's Budget Will Raise Taxes Without Addressing the Federal Government's Spending Problem
Biden is set to propose a new tax on unrealized investment gains and to quadruple a recently imposed tax on stock buybacks.
My Son Did His Taxes for the First Time. Rage Ensued.
Nothing focuses the mind quite so intently on the sheer stupidity of government as doing your taxes.
When the Government Makes Poverty Worse
A Pennsylvania survey suggests that taxes are often a major barrier to economic security, ranking ahead of credit card debt and student loans.
Paul Krugman Says Social Security Is Sustainable. It's Really Not.
Krugman sees benefit cuts as "a choice" but believes that implementing a massive tax increase on American employers and workers would be "of course" no big deal.
The Answer to Population Decline Is More Immigration
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
A Texas-Backed Lawsuit Argues That the ATF's Pistol Brace Rule Is Arbitrary and Unconstitutional
Although the law did not change, regulators suddenly decided to criminalize unregistered possession of braced pistols.
IRS Plans To Raid Workers' Tip Jars
A coming crackdown on $1.6 billion in unreported tips will continue the IRS' long and ugly history of targeting low-income Americans.
Biden's Terrible Billionaire Tax
By raising the effective tax rate on capital gains, the proposal would reduce U.S. saving, discourage entrepreneurship, and decrease economic output.
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
Migrating Americans Seek Lower Taxes and Greater Freedom
There are many reasons people move, but overburdening your citizens is a good way to lose them.
Republicans and Democrats Face Impasse Over Cutting Spending Versus Raising Taxes
Plus: Court denies motion to suppress January 6 geofence warrant, Texas may ban some immigrants from buying property, and more...
Democrats Say They Support Green Energy. Why Do Their Policies Say Otherwise?
If you look closely, you'll find a lot of contradictions.
Social Security Is on the Brink of Collapse. The GOP Won't Touch It.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
The IRS Serves Its 'Customers' by Terrifying Them
A $2.1 million penalty for failing to file a form on time reveals the agency’s true nature.
Supreme Court Declines Case Challenging Excessive IRS Penalties
Should an elderly grandmother be forced to hand over millions of dollars to the government for failing to file a particular form?
Donald Trump and J.D. Vance Say No Cuts for Social Security. That's Impossible.
Social Security benefits will be cut automatically in less than a decade unless Congress shores up the program before it hits insolvency. Ignoring that is not a solution.
Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS
Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.
To Win the Speakership, Kevin McCarthy Had To Promise To Cut Spending. Good.
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
