Inflation About to Roar Back to Life?
The U.S. Federal Reserve is dismissing concerns that its policy of holding interest rates at or near zero for the foreseeable future will inevitably lead to the return of inflation….
Warren’s Ultra-Millionaire Tax Could be a Windfall for Foreign Billionaires
Massachusetts Sen. Elizabeth Warren has proposed legislation that would impose so-called “wealth taxes” on the net worth of the nation’s richest people. Her aim: raised lots of money to fund…
IRS Processing Delays for Refunds Result in $3 Billion in Interest Payments
It’s tax filing season again, and as we are often reminded, failing to get your returns filed on time means you could be forced to pay penalties and interest. What…
Democrats Drop Threat of Tax Penalties to Leverage a Minimum Wage Hike
Senate Democrats are back to square one in their search for a way to raise the federal minimum wage to $15 an hour after scrapping a plan to enact a…
Banning Girls and Boys Aisles in Big Box Stores
A pair of California Democratic lawmakers have introduced a bill that would ban retailers — both online and in brick-and-mortar stores — from displaying and marketing separate sections for boys…
State and Local Governments Don’t Need a Bailout
State and local governments are poised to reap around $350 billion from the president’s proposed $1.9 trillion coronavirus relief package. The drumbeat behind the federal aid is that states and…
Washington State’s Proposed tax on Four People
Lawmakers in Washington state are on the lookout for new sources of tax revenue and a group of them believe they have found it…in the wallets of about a dozen…
Maryland Politicians Pushing Tax on Online Ads
Politicians in Maryland are looking for new sources of revenue to prop up their spending programs. They think they’ve found a pot of gold through a tax on the revenues…
Transit Advocates Want Billions More in Federal Bailouts
Mass transit advocates are pushing the Biden administration and Congress to pour billions of dollars of new subsidies into bus and train lines. The reason: without even more federal money,…
Democratizing Markets Against the Backdrop of a Fed Gone Wild
The biggest news on Wall Street is the arrival of a decentralized activist group of traders stalking the short sellers and roiling the markets. Despite the hype, the flood of…