EconomyNews
California Might Replace Gas Sales Tax With Mileage Tax
Your fuel efficient car might be great for the environment, but if you live in California, it might not help you save money much longer…. Read More
EconomyNews
Here’s Paul Ryan’s Recipe for Achieving Economic Freedom
Rep. Paul Ryan has a simple recipe for how the U.S. can achieve greater economic freedom. Ryan, R-Wis., said Tuesday that stronger trade policies and… Read More
EconomyCommentary
In Index of Economic Freedom, U.S. Is 12th Freest Economy
There is no single formula for overcoming challenges to economic development and maintaining economic dynamism, but one thing is clear: Around the globe, governments that… Read More
EconomyCommentary
Steep Decline in Price of Oil Plays into Congressional Budget Outlook
The recent decline in gas prices has not only left a little more cash in Americans’ pockets, it has contributed to a sizeable increase in… Read More
EconomyCommentary
New Report: Deficit Will Exceed $1 Trillion Before Decade’s End
The new Congressional Budget Office report released today shows deficits and debt rising over the next decade, despite a short-term improvement in the 2015 budget… Read More
EconomyCommentary
Why Don’t Lawmakers Want to Update the Tax Code?
Lawmakers in Washington have plenty of work ahead of them this year, so the temptation to punt on everything but the “hot” issues will be… Read More
EconomyNews
The IRS Hired the Same Company That Botched The Healthcare.gov Rollout
The Internal Revenue Service is under investigation by an oversight subcommittee of the House Ways and Means Committee for signing a $4.46 million contract with… Read More
EconomyNews
How Nikki Haley Plans to Make South Carolina More Competitive
The governor of South Carolina has proposed lowering the state’s income tax rate from 7 percent to 5 percent, accompanied by a 10 cent hike… Read More
EconomyNews
Union Membership Rate Falls to 100-Year Low
New information from the federal government suggests workers’ interest in unions continues to fall, with union membership reaching its lowest rate in 100 years. According… Read More
EconomyCommentary
Obama Ignored Entrepreneurship in State of the Union
In the State of the Union, President Obama talked about many of the priorities he has for the nation moving forward. But entrepreneurship, it seems,… Read More
EconomyCommentary
Fact Checking Obama’s Jobs Claims in State of the Union
President Obama talked at length about jobs, the minimum wage and salaries during his State of the Union speech. Here we look at some of… Read More
EconomyCommentary
How Obama’s New Tax Plan Discriminates Against Stay-at-Home Parents
President Obama’s new tax plan, which he discussed in part in the State of the Union, lays out new proposals that he claims would help… Read More
EconomyCommentary
Obama Is Likely to Trumpet the Unemployment Rate Tonight. What the Real Story Is.
In a video previewing his State of the Union address, President Obama touted recent jobs numbers. “Last year was the best job growth we had… Read More
Economy Commentary
Obama’s Latest Tax Hike Shows Why Dynamic Scoring Matters
President Obama has come out with another tax hike on the “rich” that will hurt all Americans. This is not surprising. Raising taxes on the… Read More
EconomyNews
This Government Agency Spent $31 Million on First-Class Flights
Executives of the Department of Health and Human Services are routinely on the go, flying throughout the country and the world to aid those who… Read More
EconomyNews
Government Agency Under Scrutiny for $215 Million Building Renovation
Costly building renovations at the U.S. Consumer Financial Protection Bureau are raising more congressional concerns that the agency’s spending is out of control. A government… Read More
EconomyCommentary
The IRS Has Around 100,000 Employees. And Yet It’s Still Incredibly Incompetent.
Imagine that a retail store or company like Best Buy or Home Depot announced that it has plans to slash customer service, that it will… Read More
EconomyNews
Florida Governor Looks to Poach Jobs From Pennsylvania
Florida Gov. Rick Scott is planning a trip to Philadelphia in February, and he’s hoping to lure some Pennsylvania businesses back south with him. His… Read More
EconomyInternationalCommentary
Free Markets Smash Chinese Rare Earth Minerals Monopoly
Last week China announced that it would adhere to a World Trade Organization (WTO) ruling from last year by removing export quotas among other restrictions… Read More
EconomyCommentary
We’ve Been Calculating Budget Scores for Legislation Like Obamacare All Wrong
There is hubris in every government project. The unspoken idea behind bills as comprehensive as the Affordable Care Act and Dodd-Frank is that legislators can… Read More
EconomyCommentary
New GOP Plan Would Force Online Sales to Be Taxed at Rate of Seller’s State
House Judiciary Committee chairman Bob Goodlatte, R-Va., this week jumpstarted the sputtering effort to allow states to collect sales taxes on sales by out-of-state, mostly… Read More
EconomyCommentary
What the Media Missed About Obama’s New Proposal: It’s a Wage Cut for Workers
President Obama just urged Congress to cut workers’ wages. Of course, the news headlines did not report it as such. However, make no mistake: The… Read More
EconomyNews
Map Reveals Where Americans Moved in 2014 (Hint: It Wasn’t Ohio)
More families moved out of Ohio than moved into the state last year, according to reports from three of the nation’s largest moving companies. While… Read More
EconomyCommentary
MetLife Mounts First Legal Challenge to FSOC Process
Life insurance company MetLife has been locked in a battle with the Financial Stability Oversight Council (FSOC) for months. Last July, the FSOC, a sort… Read More
EconomyNews
Have Environmentalists Hijacked the Government’s Dietary Guidelines?
A government advisory committee will soon issue its recommendations for the 2015 dietary guidelines to the federal agencies. And this year, it’s weighing environmental concerns… Read More
EconomyNews
IKEA Wants Millions in Tax Incentives for Tennessee Store
MEMPHIS, Tenn. — An unelected board of 11 people in this city soon will decide whether to grant $9.5 million in tax incentives to the IKEA… Read More
EconomyNews
Audit: Va. Department of Transportation Squandered Millions on Lousy Contractor
RICHMOND, Va. — A confidential audit found that the Virginia Department of Transportation wasted millions of tax dollars by failing to fine a nonperforming contractor…. Read More
EconomyNews
There Hasn’t Been One Since 2001. Can This New Budget Chairman Deliver a Balanced Budget?
A balanced budget and health care reform. Those are two things Rep. Tom Price, R-Ga., is pledging to deliver as he takes the helm of… Read More
EconomyCommentary
This Liberal’s New Tax Plan Won’t Help the Middle Class
There is widespread agreement that the tax code is inhibiting economic growth and harming American families as a result. Rep. Chris Van Hollen, D-Md., ranking… Read More
EconomyCommentary
Why Washington Politicians Want to Hike the Gas Tax
Suddenly everyone in Washington wants a gas tax hike—apparently so consumers don’t save too much money at the pump. As prices keep falling, the politicians… Read More
