TaxBytes

Kevin Brady can retire with the knowledge that he accomplished his number one policy goal: fundamental tax reform. 

In FY2020, federal revenues were $3.42 trillion, but federal spending was $6.5 trillion. In other words, the federal government spent almost TWICE what it took in. That’s not sustainable.

The biggest problem with a federal minimum wage is that the cost of living varies widely from state-to-state, and between cities and rural areas.

Republicans are supposed to be the party that is always cutting taxes for the wealthy, but in promising to eliminate the cap on the deductibility of state and local taxes (SALT), this time it’s Democrats promising a tax cut for the rich.

Voters across America voted to protect their economic liberty, to reject tax increases, and to reject limits on worker flexibility and freedom.

Joe Biden's promises about future taxation are impossible to fulfill because they are contradictory.

Provide direct relief to households and businesses harmed by the pandemic, but don’t bail out profligate, high-spending states.

Avoiding new regulation and pursuing new deregulatory efforts could be a fruitful part of a new economic growth agenda.

In the example of California’s proposed exit tax, we are watching in real time the tendency of socialist policies to gradually move toward totalitarianism. 

California’s purpose in life seems to be to model bad policy for the benefit of the other 49 states. So we watch and learn from California’s mistakes.