EconomyNews
D.C. Votes to Tax Gym Memberships
If you live in D.C., your fitness plan just got more expensive. The D.C. Council passed a 5.75 percent sales tax on gym memberships and… Read More
EconomyNews
Taxpayers Buck Proposal to Pay for New NBA Arena
Wesley Edens and Marc Lasry, the new owners of the Milwaukee Bucks, have a combined net worth of $2.9 billion. The two New York investment… Read More
EconomyCommentary
We’re All Pro-Growth and Pro-Family
The tax reform debate about the child tax credit (CTC) continues. Hopefully the discussion sheds light on whether the CTC expansion is the best policy…. Read More
IRS Admits Wrongdoing, to Pay $50,000 in Leaking of Marriage Group’s Tax Return
Two years after activists for same-sex marriage obtained the confidential tax return and donor list of a national group opposed to redefining marriage, the Internal… Read More
EconomyAnalysis
Child Credit Expansion Could Crowd Out Growth
At National Review Online’s The Corner, Ramesh Ponnuru (defending Robert Stein) and Steve Moore have discussed the merits of a larger tax credit for children…. Read More
EconomyNews
Another Business Moves Abroad, Leaving Behind High U.S. Taxes
Yet another business is moving abroad to escape America’s high tax rates. Medtronic, one of the world’s largest medical device companies, recently acquired Covidien for… Read More
EconomyNews
Internet Tax Ban Moves a Step Closer to Becoming Permanent
Tension between federal and state powers over a permanent ban on Internet access taxes took the spotlight this week on Capitol Hill. Unless Congress votes… Read More
EconomyCommentary
Economic Crisis Survival: Germany Shows That Preparation Is Key
What do countries that weathered the Great Recession better than others have in common? They got in better shape before the crisis struck. Germany is… Read More
EconomyCommentary
The Surprising States That Have Greater Income Inequality
For those in Washington obsessed with reducing income inequality, the standard prescription involves raising taxes on the well-to-do, increasing the minimum wage, and generally expanding… Read More
EconomyCommentary
Bobby Jindal: An Economic Lesson for Obama and Hollande
President Obama continues his European tour today with a stop in Paris. As he and French President Francois Hollande discuss options to resolve the ongoing… Read More
EconomyCommentary
A Global Wealth Tax Is a Lousy Idea
Thomas Piketty’s best-selling treatise “Capital in the 21st Century” elates liberals because it argues on behalf of soaking the rich with excessive taxation. Mr. Piketty’s… Read More
EconomyNews
How Smarter Policies Can Transform the States, Renew the Nation
His state doesn’t have pass-through taxes, so owners of small businesses don’t pay taxes on profits as part of their individual tax returns. In little… Read More
EconomyCommentary
Obamanomics Cost Now Tops $5,000 Per Family
This morning’s depressing revised calculation of the growth of the economy in the first quarter of 2014 (-1.0 percent) makes it official: The Obama expansion… Read More
EconomyAnalysis
Permanent ‘Bonus Depreciation’ an Important Move Toward Tax Reform
The present tax system is biased against savings and investment in many ways. One of the most important is that, unlike other expenses, businesses must… Read More
EconomyAnalysis
Thomas Piketty’s Questionable Data
Thomas Piketty made some questionable choices in adjusting and presenting the data that underlies his bestselling economics tome, “Capital in the Twenty-First Century.” Chris Giles,… Read More
EconomyAnalysis
Ways and Means Committee Following Right Approach on Tax Extenders
The House Ways and Means Committee this week will mark up bills to extend permanently certain provisions in the tax extenders—a group of roughly 50… Read More
EconomyAnalysis
A Dynamic Leap Forward on Tax Policy
On May 21, Senator Rob Portman (R–OH) introduced an important piece of legislation, the Accurate Budgeting Act (S. 2371). It would require the Joint Committee… Read More
Not a Joke: New York Senate Passes Bill Making Yogurt the State Snack
State senators in New York were hard at “work” last week, spending a whopping 45 minutes debating whether to make yogurt the official state snack…. Read More
High Taxes Are Not What We Need
In public policy, bad ideas — no matter how many times they have been discredited — never completely go away. They seem to pop up… Read More
One Way to Stop American Jobs from Walking Away
Policy has consequences, and they’re often very predictable. For example, if you tax businesses more, they will be less likely to locate in your country…. Read More
Health CareNews
9 Obamacare Predictions That Have Come True
It directly affects the personal life of every American, and it controls or regulates a complex sector of the American economy that is slightly larger… Read More
Shaheen–Portman’s Forced Energy Efficiency Hurts
The Senate is expected to vote next week on the Energy Savings and Industrial and Competitiveness Act, sponsored by Senators Jeanne Shaheen and Rob Portman,… Read More
The Robin Hood Fallacy: Piketty Would Take from the Rich to Give to the Poor
In public policy, bad ideas—no matter how many times they have been discredited—never completely go away. They seem to pop up over and over. Enter… Read More
Response to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders
In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should… Read More
2014 Tax Day Chart: Who Pays the Most?
Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers… Read More
A Little ‘Happy’ Song for Your Tax Day
Does dividing business and personal expenses — and seeing how the government wasted your money — get you down? Whether or not you’ve heard Pharrell’s… Read More
Where Did Your Tax Money Go?
It’s pretty unreal when you see it. Your 2013 tax dollars—which are due today—went primarily to pay for government benefits. Major entitlements (Medicare, Medicaid, and… Read More
Most Small Businesses Burdened by Costly Tax Preparation Process Support Tax Reform
Small businesses are increasingly burdened with tax preparation costs, with a majority spending over a week per year on federal tax preparation and thousands of… Read More
The Two Faces of the Wind Industry
A new report from the Department of Energy projects slower growth and a “direct and negative” impact on U.S. wind manufacturers if a $22-per-megawatt-hour (after… Read More
What No One Wants to Admit About Social Security Taxes
It’s a bummer when you see how much income tax comes out of your paycheck. But when you see that Social Security line item, do… Read More
