Tag: Taxes and Budget
No $1,000 Handouts, End Payroll Taxes!

As a small business owner, I don’t need a $1,000 handout. This is a gimmick—let’s instead focus on solutions tailored to the problem. I need the tax relief of suspending the payroll taxes I and my workers pay. Some math—my workers are all being paid their normal salaries for the foreseeable future, despite trials,…
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California’s Anti-School Tax Revolt

Something unexpected happened in California on Super Tuesday. While most media attention was focused on the state’s presidential primary for the Democrat party, there was also one statewide proposition on the ballot, which would have authorized the state government to borrow $15 billion to repair and upgrade schools, to be paid for by raising…
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Decoding the Tax Code

Tax time is just around the corner, and that invites an examination of the U.S. tax code. For politicians, the Internal Revenue Code means that high-rise stack of documents they occasionally display to accompany press conferences. Taxpayers would do well to regard another code, the deceptive vocabulary politicians deploy to frame the issue. Take,…
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Do Public Pension Shortfalls Mean You’ll Face a Tax Hike?

Public-employee pension plans across the United States are trillions of dollars short of what they need to pay out the generous retirement benefits politicians have promised state and local government employees.

“Crazy, Stupid” Federal Spending Proposals from Candidates of Both Parties

Thanks to the Bipartisan Budget Act of 2019, which has been described as “the worst budget deal in history,” the U.S. government will spend $57.9 trillion over the next 10 years, with $12.2 trillion of that spending requiring new borrowing that will add to the U.S. government’s bloated $22.7 trillion national debt. Those already…
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The Economic Costs of the National Debt and How to Avoid Them

One week ago, noted Stanford University economist John Taylor testified at a hearing before the U.S. House of Representatives’ budget committee, whose members are reexamining the economic costs of the national debt. After the hearing, Taylor summarized his remarks and reflected on previous testimony he provided on a related topic back in 2015:

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org