Trump and Harris Both Favor Tax Hikes That Would Hurt Ordinary Americans
The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.
The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.
Corporate subsidies and regressive tax breaks show who really benefits from Harris' agenda.
His new stance could encourage Vice President Kamala Harris to emphasize her opposition to federal marijuana prohibition.
Gas prices in California are exceptionally high because of the state's high taxes and anti-oil regulations, not because gas station owners there are greedier.
Kevin Fair fell behind on his property taxes in 2014. The local government eventually gave a private investor the deed to his home.
As with Trump and his tariffs, Harris appears unwilling to acknowledge the obvious consequences of hiking taxes on businesses.
The Edmondson Community Organization accrued a modest property tax debt. The group paid dearly for that.
Exempting tips from the federal income tax would add to the deficit and unfairly penalize nontipped workers. It's a bad idea no matter who is pitching it.
The campaign promise from Donald Trump sounds nice, but it would be disastrous when considering the program is already racing toward insolvency.
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
Walz's track record as governor includes pushing for higher taxes, legalizing marijuana, and asking neighbors to spy on one another during the COVID-19 pandemic.
Both are embracing a total policy nihilism and turning the election into a cynical pander-off.
People making the same income should be paying the same level of taxes no matter how they choose to live their lives.
Donald Trump's running mate has discovered the most politically toxic way to demand the status quo.
The controversy over Vance's advocacy of higher tax rates for childless adults illustrates the power of framing.
Chelsea Koetter is asking the Michigan Supreme Court to render the state's debt collection scheme unconstitutional.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
According to recently updated figures, more than half of the state's film production credits for 2021 went to just one film, whose two stars collectively earned over $50 million.
The candidate supports gun rights, wants to privatize government programs, and would radically reduce the number of federal employees.
Voters should not dismiss the former president's utter disregard for the truth as a personal quirk or standard political practice.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
A federal judge rejected the government’s excuses for banning home production of liquor.
Competing visions on tipping policies highlight the differences in the candidates’ approaches to winning over working-class voters—but neither will provide much benefit.
Wealth taxes discourage investment, shrink wages, and don’t generate much revenue.
The Biden administration's $60 billion expansion of the IRS has netted $1 billion in new revenue so far.
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
Yes, cheap imports hurt some American companies. But protectionist trade policy harms many more Americans than it helps.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Plus: A listener asks if there are any libertarian solutions to rising obesity rates.
First-place finishes include an investigative piece on egregious misconduct in federal prison, a documentary on homelessness, best magazine columnist, and more.
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
Australia’s Prohibition-style attempts to abolish nicotine use have predictably led to a new drug war being fought over a legal substance.
Plus: Trump endorses Larry Hogan, violent crime decreases, and more...
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Reducing revenue without identifying offsetting spending cuts means Trump is merely promising to borrow more heavily.
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
Despite both presidential candidates touting protectionist trade policy, tariffs do little to address the underlying factors that make it difficult for U.S. manufacturers to compete in the global marketplace.
A revision to the municipal code made it illegal for groups of four or more people to convene in public spaces for commercial recreational activities without a government stamp of approval.
The House Oversight and Education committees are investigating the sources of “malign influence” behind campus protests. They’re using tactics Republicans used to hate.
Economist and author Phil Magness debunks a recent New York Times piece and shoddy academic work about the rich and their taxes.
The Institute for Justice has launched a project to reform land use regulation.
The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.