EconomyCommentary
Poorest Americans Are Benefiting Most From Strong Economy
It’s hard to escape the good economic news these days. New reports show that in the first quarter of 2019, the U.S. economy grew by… Read More
EconomyCommentary
Elizabeth Warren’s Wealth Tax Would Backfire
Whenever Sen. Elizabeth Warren, D-Mass., is asked how she’ll fund “free” college tuition and her many other promised goodies, she has a ready answer: a… Read More
EconomyCommentary
Today, You Pay Your Federal Taxes. Tomorrow Is the Real Tax Freedom Day.
This year, Tax Freedom Day—the day after which Americans have worked enough days of the year to pay their taxes—occurs just one day after Tax… Read More
SocietyNews
10 Years After First Rallies, What’s the Legacy of the Tea Party?
It was Tax Day 2009 when citizens gathered in 850 cities across the nation for tea party rallies protesting the recent $700 billion federal bailouts… Read More
EconomyCommentary
In 1 Chart, How Your Taxes Are Spent
It’s nice to have more money in your pocket. And thanks to the 2017 tax cuts, the typical American is now paying less in taxes…. Read More
SocietyNews
Tea Party Backs ‘Stop Socialism, Choose Freedom’ Rallies on Tax Day
Americans across the country are preparing to organize 300 or more rallies against socialism on Monday, mobilized and assisted by a major tea party group…. Read More
EconomyCommentary
California’s War on Middle Class
For over six years, California has had a top marginal income tax rate of 13.3%, the highest in the nation. About 150,000 households in a… Read More
EconomyNews
$22 Trillion in National Debt Not ‘Sustainable Trajectory,’ House GOP Leader Says
Restoring fiscal sanity to Congress is a matter of national security, the chairman of the House’s largest Republican caucus says. “It’s not a sustainable trajectory,”… Read More
EconomyCommentary
The Truth About How Much Americans Are Paying in Taxes
As Americans file their taxes this April, they might be in for a surprise: Most Americans got a tax cut last year. It shouldn’t be… Read More
EconomyCommentary
House Democrats Pursue a Reckless Spending Deal, Not a Budget
Democrats are trying to put the last nail in the coffin of the Budget Control Act of 2011, one of the few remaining semblances of… Read More
SocietyNews
Sen. Cotton Seeks IRS Inquiry Into Southern Poverty Law Center’s Tax Status
Sen. Tom Cotton has asked the Internal Revenue Service to investigate the Southern Poverty Law Center, a liberal activist organization that regularly brands organizations it… Read More
EconomyNews
White House Report Hails Tax Cuts Spurring Economic Growth, Warns of Socialism’s Cost
The annual Economic Report of the President highlights the successes of tax reform and deregulation, while warning of the dangers of socialist proposals. The report,… Read More
EconomyNews
Americans Vote With Their Feet on High Taxes, Report Shows
An index on the economic state of the states reveals a narrative that is being overlooked or ignored, says one of the report’s authors. … Read More
EconomyCommentary
Appeals Court Upholds Housing Allowance Tax Exemption for Clergy
The Internal Revenue Service has a rule allowing ministers to exclude the amount of a housing allowance from their taxable income. In December, I wrote… Read More
EconomyCommentary
Closing So-Called ‘Carried Interest Loophole’ Would Hurt the Economy
Increasing taxes on investment is always a bad idea, and that’s exactly what a new bill in Congress aims to do. Sen. Tammy Baldwin, D-Wis.,… Read More
EconomyCommentary
It’s a Myth That High Tax Rates Would Actually Lead to Rich People Paying More
Do you pay enough taxes? What is enough? When asked on “60 Minutes,” Rep. Alexandria Ocasio-Cortez, D-N.Y., didn’t seem to have a specific tax rate… Read More
EconomyCommentary
New Bill to Tax Stock Market Could Devastate Ordinary Savings and Retirement
A new tax proposal in Congress aims to stick it to the rich. But if passed, it could devastate the U.S. financial system and ruin… Read More
EconomyNews
‘Terrible Idea’: Michigan’s Democratic Governor Pushes an Enormous Gas Tax Increase
Democratic Michigan Gov. Gretchen Whitmer is proposing what some opponents are calling a draconian gas tax increase to fix the state’s crumbling road infrastructure. Whitmer’s budget… Read More
EconomyNews
Tax Refunds Are on the Rise, Treasury Reports
Tax refunds have increased this week, the Treasury Department announced Thursday, after critics attacked the initial lower refunds that resulted from Americans paying less to… Read More
EconomyNews
‘Put Socialism on Trial,’ Larry Kudlow Urges
Larry Kudlow, director of the president’s National Economic Council, called Thursday for putting socialism “on trial”—and convicting it. “I want you, and everybody in this… Read More
EconomyNews
Georgia Lawmaker Touts Nation’s ‘Greatest Economic Turnaround’ Under Trump
A Georgia lawmaker and former business executive says the economy is seeing historic gains under President Donald Trump. “This is the greatest economic turnaround in… Read More
EconomyCommentary
On the Cusp of Catastrophe, California Has No Margin for Error
Californians brag that their state is the world’s fifth-largest economy. They talk as reverentially of Silicon Valley companies Apple, Facebook, and Google as the ancient… Read More
EconomyNews
Blue State Refugees Flock to Conservative Florida
While most attention has been focused on immigrants trying to enter the United States over America’s southern border, there is legal migration taking place that… Read More
EconomyNews
Business Coalition Cites 4 Reasons to Repeal Death Tax
A bill to repeal the estate tax, often called the death tax, has the support of about 150 national business and trade associations that signed… Read More
EconomyCommentary
The Great Enduring Myth That Stock Buybacks Hurt Workers
There’s a pervasive myth out there that corporate stock buybacks are a sign of corporate self-indulgence, leaving workers hung out to dry and weakening the… Read More
EconomyCommentary
Don’t Believe the Fake News. Tax Cuts for Everyday Americans Are Real.
The left-leaning media would have you believe that the 2017 tax cuts were nothing of the sort. Sen. Kamala Harris, D-Calif., recently tweeted that average… Read More
EconomyCommentary
Reintroducing Tax Subsidies That Benefit Only a Few Americans Is a Terrible Idea
Every few years, Congress renews a list of expiring tax subsidies called “tax extenders” at the behest of powerful industry lobbyists. Instead of returning to… Read More
EconomyNews
Republican Senators Look to End Death Tax
Sens. Ted Cruz, R-Texas, and John Thune, R-S.D., reintroduced legislation this week to send the death tax to its grave. “Death should not be a… Read More
EconomyCommentary
State of the Union in 2019: A Success Story Not Even Trump’s Harshest Critics Can Deny
With the shutdown over (at least for now), the State of the Union address is back “on.” When President Donald Trump takes the House podium on Feb. 5, you can count… Read More
EconomyNews
White House Eyes Reducing Capital Gains Taxes Without Congress
The White House is having internal discussions about the prospect of executive action by President Donald Trump to hold down capital gains taxes, said Larry… Read More
