TaxBytes

Supplier: "Hey, John, we’ve got your order in, but I’m going to have to send you a replacement invoice."

John: "Why?"

Supplier: "Well, I have to add a 25% surcharge to the order."

Because tariffs, by design, raise the price of imported goods, tariffs are paid by U.S. consumers and businesses. It’s not inflation, since inflation is about the money supply, but it’s a price increase nonetheless—call it “tarifflation.”

Whether you support or oppose tariffs, all constitutionalists should agree: the power to tax resides with Congress. Reclaiming tariff authority is vital to preserving the Constitution’s design and the role of Congress in self-government.

Those wanting to impose across-the-board tariffs on American imports seem to think that tariffs are magic, but in fact they are guilty of magical thinking.

Politicians should not use the tax code to buy votes or to reward favored constituencies.

Washington State's voters, rather than its legislature and Supreme Court, may be able to force the state to follow its Constitution. 

CBO confirms a growing supply of labor, in part due to growth in immigration, will boost economic growth. 

The Tax Relief for American Families and Workers Act of 2024 is a perfect example of the kinds of tradeoffs that must be made in order to move legislation. Should Republicans trade an expanded child tax credit for extended business tax cuts? And should the Democrats take the same deal? As Thomas Sowell says, “there are no solutions, there are only tradeoffs.”

Colorado voters passed a TABOR Amendment in 1992 to ensure taxpayers benefited from state budget surpluses. That didn't stop the legislature from trying to undermine voters' intentions.

Americans would push back more on government spending if they knew how much each proposal would actually cost them.