Adam Michel focuses on tax policy and the federal budget as a policy analyst in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
View all authorsEconomyCommentary
Congress passed a $1.5 trillion tax cut and reform package in December 2017 that became the subject of heated, partisan attacks. Now, more than three… Read More
EconomyCommentary
Three years after the Tax Cuts and Jobs Act took effect, Democrats in Congress are ready to roll back some of the most critical reforms…. Read More
EnergyCommentary
The best ways to tame environmentally harmful emissions is to allow the private sector to innovate cleaner and more efficient ways to produce, distribute, and… Read More
EconomyCommentary
Faithful to his campaign promises, President Joe Biden is eyeing steep tax hikes, but despite the claim that the tax increases will hit only the… Read More
EconomyCommentary
The Democrats’ COVID-19 spending bill, which would cost taxpayers nearly $2 trillion, includes $360 billion of new funds available for state and local governments, in addition to more than $170 billion for schools and colleges. Governors should… Read More
EconomyCommentary
Sen. Elizabeth Warren released a new version of her wealth tax this week, and despite the Massachusetts Democrat’s messaging that the scheme would only impose… Read More
EconomyCommentary
First, the Democrats’ $15 federal hourly minimum wage mandate was ruled out by the Senate’s parliamentarian because it didn’t conform to the rules of the… Read More
EconomyCommentary
Increasing taxes on investment is always a bad idea. Increasing taxes on investment during an economic crisis is economic malpractice. And yet a new bill… Read More
EconomyCommentary
House Ways and Means Committee Democrats recently released their framework to “make our nation a more just and equitable place.” The goal of lifting more… Read More
EconomyCommentary
It looks as though Congress won’t be including additional direct aid to state and local governments in the end-of-year COVID-19 relief package. Congress is right… Read More
EconomyCommentary
December 22 marks the third anniversary of the signing into law of the Tax Cuts and Jobs Act, the most sweeping update to the U.S…. Read More
EconomyCommentary
Congress is considering proposals for another coronavirus relief bill on top of the $4.1 trillion in aid already authorized. Politicians on both sides of the… Read More
EconomyCommentary
Once again, Americans didn’t get much clarity about the future of their taxes during the final 2020 presidential debate. Former Vice President Joe Biden has… Read More
EconomyCommentary
The left’s crusade to raise taxes is likely already hurting the recovery, even if former Vice President Joe Biden and liberals in Congress don’t follow… Read More
EconomyCommentary
The most recent compromise proposal floated in the coronavirus aid negotiations would send another $250 billion to state and local governments. More state bailouts are unnecessary and harmful to the economic recovery. Not to… Read More
EconomyCommentary
This article is an excerpt from the “2020 Mandate for Leadership: A Clear Vision for the Next Administration.” It looks back at policy decisions made… Read More
EconomyCommentary
President Donald Trump has suggested cutting the capital gains tax as part of the economic recovery from COVID-19. And indeed, cutting capital gains taxes could… Read More
EconomyCommentary
President Donald Trump’s new executive order, which suspends the employee portion of Social Security payroll taxes for the rest of the year, is legally dubious… Read More
EconomyCommentary
Now is the time for Congress to start looking ahead to the economic recovery. Current aid efforts should remain targeted and temporary, but the opposite… Read More
EconomyCommentary
Congress has already authorized more than $3.7 trillion of immediate coronavirus relief spending, going to individuals, businesses, and state governments. The response should continue to… Read More
Health CareCommentary
Congress likes to spend money and create new programs, but when it comes to coronavirus recovery, lawmakers need to keep it simple. Congress already has… Read More
EconomyCommentary
For more than a year, Europe has pressured the U.S. into a global pact to increase taxes on big tech firms. The U.S. just pulled… Read More
EconomyCommentary
Following widespread office closures and stay-at-home orders, Americans are now working in new locations, sometimes in new states. Other front-line workers have traveled to pandemic… Read More
EconomyCommentary
In a welcome surprise, the U.S. economy added 2.5 million jobs in May, and the unemployment rate fell by more than a full percentage point… Read More
EconomyAnalysis
Speaker Nancy Pelosi and her fellow House Democrats are seeking a more than $1 trillion federal bailout for state and local governments. This is in… Read More
Health CareCommentary
House Democrats have released a completely unserious proposal to respond to the public health and economic crisis the nation is confronting as a result of… Read More
EconomyCommentary
An idea gaining bipartisan traction in Congress would help fix the damaging taxation of new investments set to kick in amid America’s eventual economic recovery… Read More
EconomyCommentary
The National Governors Association recently asked Congress for a bailout of $500 billion in addition to the more than $200 billion included in the Coronavirus… Read More
EconomyCommentary
In response to coronavirus, people are staying home, canceling flights, postponing vacations, and not eating out. All the businesses that were counting on those customers… Read More
EconomyCommentary
Stocks have plunged in recent weeks. The S&P 500 is down about 27% from its high on Feb. 19 but still hasn’t dropped to the… Read More
