EconomyCommentary
Steve Forbes on How a Flat Tax Would Reduce DC Cronyism
How do you get rid of cronyism in Washington? In my interview with Steve Forbes, chairman of Forbes Media and a former Republican presidential candidate, he… Read More
EconomyCommentary
How to Stop US Companies From Leaving the US
In his budget released earlier this month, President Barack Obama took some time to boast about his economic record, saying that “we rescued our economy… Read More
EconomyCommentary
Almost Half of US Residents Still Pay No Federal Income Tax
According to data published by the IRS and the U.S. Census Bureau, 44.2 percent of U.S. residents paid no federal income tax in 2013 (the… Read More
EconomyCommentary
Obama’s New Oil Tax Would Hike Gas Prices 22 Cents a Gallon
“Gas prices are too cheap!”—said no one ever. Wait, scratch that: The president himself actually believes that gas prices should be higher. Though those were not… Read More
EconomyNews
This Tax Treaty Would Authorize the Automatic Sharing of Americans’ Financial Information With Foreign Governments
In November, lawmakers on the Senate Foreign Relations Committee approved a number of seemingly innocuous tax treaties, which typically pass with little to no fanfare…. Read More
EconomyNews
IRS Won’t Ask Nonprofits to Collect Social Security Numbers
On Thursday, the Internal Revenue Service and the Treasury Department withdrew a proposal that would give nonprofits the option of collecting personal information, including the… Read More
EconomyNews
IRS Costs Taxpayers $46 Million in Suspect Refunds
The IRS incorrectly issued more than $46 million in refunds for tax year 2013, government inspectors discovered. The Treasury Department released an internal audit Monday faulting a… Read More
EconomyCommentary
Taxpayers on the Hook for New San Antonio Spurs Stadium
Chalk up another win for the San Antonio Spurs—another stadium deal at taxpayer expense. With $18 million from the city and Bexar County, the NBA… Read More
EconomyNews
Would Heavier Taxes on Junk Food Reduce Our Consumption as Well as Our Waists?
Taxing sugary foods and drinks likely would impose increased costs on consumers without significantly altering behavior, researchers argued this week. Donald Marron, director of economic policy… Read More
EconomyCommentary
What’s Wrong With the Massive Omnibus Spending Bill
Early Wednesday morning, the House Rules Committee posted text for the Consolidated Appropriations Act of the 2016 fiscal year (FY). This $1.1 trillion spending package,… Read More
EconomyNews
In Time for Christmas, Lawmakers Eye New Internet Sales Tax
On the eve of Congress’ Christmas recess, two lawmakers have renewed an effort to give states the power to collect online sales taxes from out-of-state… Read More
EconomyNews
Tax Extenders Demystified: Making Sense of Lawmakers’ Permanently Temporary Measures
On Capitol Hill, the tax-extender scramble is a Christmas tradition. And now, again, just weeks before lawmakers head home for the holidays, Congress is trying… Read More
EconomyCommentary
What the Tax Extenders Bill Should and Shouldn’t Include
The annual ritual is upon us. Congress is busy at work crafting a bill to extend the approximately 50 tax-reducing policies that expire each year,… Read More
EconomyCommentary
How Friendly Is Your State To Businesses? See the Rankings
Last week, the Tax Foundation released its State Business Tax Climate Index for 2016. This annual report ranks all fifty states (plus D.C.) on how… Read More
EconomyAnalysis
5 Charts to Explain the 2016 IRS Tax Brackets and Other Changes
The 2016 tax brackets just announced by the Internal Revenue Service don’t include dramatic changes, largely because of low inflation last year. The brackets will… Read More
EconomyCommentary
Nearly 1,000 People Move From Blue States to Red States Every Day. Here’s Why.
The so-called “progressives” love to talk about how their policies will create a worker’s paradise, but then why is it that day after day, month… Read More
EconomyNews
Poll: Two-Thirds of Americans Think Closing Libraries Wouldn’t Impact Them, Their Families
Should taxpayers keep funding public libraries? The majority of Americans, 66 percent, believe that closing public libraries would have little to no impact on themselves… Read More
EconomyNews
Study: Taxpayers Are Leaving Democrat-Run States for States Controlled by Republicans
In an analysis of Internal Revenue Service income statistics and migration data, Americans for Tax Reform—an advocacy group for lower and simpler taxes—concluded that in… Read More
EconomyNews
The IRS Is Looking to Tax Employer-Provided Meals
Free employee meals may be slapped with a price tag as the Internal Revenue Service inches closer to deciding whether to tax the complimentary perk…. Read More
EconomyNews
How the Value of $100 Varies Across the Different States
The Tax Foundation, a non-partisan research organization, recently unveiled a study indicating the value of $100 in all 50 states. The value of $100 is… Read More
EconomyNews
Did This State’s Powerful House Speaker Overreach on Firefighter Overtime?
PROVIDENCE, R.I.—Taxpayers won a key battle with government workers unions this summer when one of Rhode Island’s top politicians withdrew two measures that would have… Read More
EconomyNews
How High Are Property Taxes in Your State? This Map Has the Answer
What is the property tax rate in your state? A new map from the Tax Foundation has the answer. The Tax Foundation, a non-partisan research think-tank… Read More
EconomyNews
Scott Walker Approves Legislation Financing New Stadium for the Milwaukee Bucks
Gov. Scott Walker, R-Wis., has approved legislation that will use public funds to finance a new stadium for the Milwaukee Bucks basketball team. Wisconsin governor… Read More
EconomyNews
22 Quotes to Celebrate Milton Friedman Day
July 31 is known as a day to honor conservative economist Milton Friedman, as he would have been 103 years old if he were still… Read More
EconomyNews
Study Finds IRS Targeted Organizations in Biased Way
A report released on Thursday morning by the Government Accountability Office unveiled that the Internal Revenue Service specifically audited organizations in a biased manner. “The… Read More
EconomyNews
How Tax Reform Can Reward Those Who Save Rather Than Spend
After nearly 30 years of a virtually unchanged tax system, Americans are calling for a reform to the outdated system. As a result, a group… Read More
EconomyNews
Arthur Laffer Resells His Reagan-Era Tax Cuts to Create ‘Boom of All Centuries’
Arthur Laffer sat at dinner with Ford administration officials Dick Cheney and Donald Rumsfeld 40 years ago, sketching his tax policy theory in sharpie on… Read More
EconomyCommentary
Reagan’s Understanding of a Fair Tax System
President Reagan had a gift for proving his critics wrong. Almost none of the leading economists of the late 1970s thought that his supply-side, tax-cutting agenda, along… Read More
SocietyNews
John Oliver Questions Why Taxpayers Are Funding Plush Sports Stadiums
“Last Week Tonight” host John Oliver is advocating that sports teams stop using public funding to build extravagant stadiums. Oliver cited the Miami Marlins, whose… Read More
EconomyNews
Chicago Slaps 9% Tax on Netflix
Sorry, Chicagoans: Your Netflix bill is about to go up 9 percent. The Windy City has decided to tax a new source of revenue: streaming… Read More
