Remember the Golden Age of Laissez-Faire, the grand epoch brought to a tragic end by the COVID-19 crisis, which laid bare its failures for all to see? Me neither. And yet the New Narrative is already being written. “The Era of Small Government Is Over,” writes Jamelle Bouie in the New York Times. US federal, state, and local government…
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According to Bloomberg, the cost of tariffs may soon exceed the benefits of tax cuts for middle earner households by a big margin.

In a truly fair system, workers would get their own money first, and everybody would pay the same marginal rate.

Not fully paying for themselves nor “exploding” the deficit.

It appears the Congress is getting closer to passing a tax reform bill. While there are differences between the current House and Senate versions, they are close enough that it is easy to see that they can be reconciled and tax reform legislation can be passed this year. Reform on the individual income tax…
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