Taxes Cause Deadweight Loss
Economists know to look under the covers when it comes to taxes, and they often find what's known as "deadweight loss."
We've Only Just Begun . . . to Spend
If you think inflation is bad now, wait until state and local governments and the feds start spending all of that appropriated money in the infrastructure bill.
Cut in Corporate Tax Rates Overachieved
The 2017 tax cut legislation performed better than the CBO predicted, and even better than I predicted.
Supreme Court Correctly Rules on . . . SALT Deduction
One of the reasons the SALT cap withstood the court challenge is because it’s actual legislation. It would be a grotesque overreach for the judicial branch to overturn a legitimate exercise of self-government through the legislative process.
President's Council of Economic Advisers Pushes Higher Taxes on the Wealthy
Taxing wealth reduces the incentive to create wealth and transfers it from where it is used productively to the government where it likely won’t be used productively. That transfer causes lower growth, not higher growth.
Bracket Creep
States that have never indexed their income tax rates should learn from states that have and use this time of flush state budgets to do so.
Biden's New Proposed Wealth Tax
Biden proposes a wealth tax he once opposed, targeting billionaires whose net worth is $100 million.
More Defense Spending, But How?
Most observers realize that the United States is going to have to increase its defense spending. But, with federal debt ballooning, interest rates rising and the return of inflation, we simply must set our fiscal house in order. We must be able to say “no” to more things so that we can “yes” to a stronger defense.
Correcting Biden
In his State of the Union address, President Biden said the 2017 tax reform only benefited the top 1% of income earners. To put it bluntly, he lied.
Look, C'mon Folks: Joe Biden Doesn't Understand Inflation
There is no solution to inflation other than reining in loose money and enduring whatever temporary economic pain may result.