Democrats do like tax breaks…for unions
Congressional Democrats need a lot of new tax revenue to pay for at least a portion of the social spending they wish to pass. But they also have a few…
Tackling the two big drivers of debt and fiscal instability
Official Washington has an ingrained habit of ignoring big problems until they become full-blow crises. One of the current big problems is federal spending, and the debt backing it up….
Tax cuts for big media?
That’s the word on a provision of the reconciliation bill congressional Democrats are pushing. According to Americans for Tax Reform, the provision would offer a payroll tax credit to large…
Provision allowing IRS to levy retroactive penalties still alive in Democrat budget talks
While the idea of allowing the IRS to go spelunking through your bank activity looking for cash Uncle Sam thinks he deserves is on the rocks, others very bad ideas…
Manchin calls IRS surveillance idea “screwed up”
As congressional Democrats continue their intramural fight over how to spend trillions of dollars we don’t have, at least one very bad idea the Biden administration has floated to defray…
Texas is winning the competition for residents, jobs, and political clout
The concept of “voting with your feet” has long been popular shorthand for describing why people leave a one place and resettle elsewhere. Frequently, it’s for economic reasons – and…
Voters voice opposition to tax hikes
Some ballot initiatives of note were before voters on Nov. 2, including two questions that would have either raised outright or given a people’s stamp of approval for tax increases….
Record tax receipts undermine case for higher taxes
With the global political class busy congratulating itself on negotiating a worldwide minimum corporate tax rate, recent U.S. corporate tax data shows the private sector is already pumping record amounts…
Breaking the tax rules to feed the state
One plan Democrats are floating to help pay for their cradle-to-grave government plan is a new, annual tax on the unrealized gains of assets billionaires own, but haven’t sold. As…
Trading away privacy for a more powerful IRS
The President’s plan to give the IRS more money and greater authority to sniff out tax cheats, chiselers and others the government believes aren’t paying all the tax they owe…
