The Indefensible, Ineffective Mortgage Deduction
The mortgage-interest deduction is just one of those things: Just about everyone who’s studied it thinks it’s a horrible policy, but it’s probably not going anywhere because so many upper-middle-class families benefit from it.
Why is it …
U.S. Defense Spending and False Comparisons
Rachel Zissimos and Thomas Spoehr over at the Heritage Foundation have done a service to American national security. They recently published a paper debunking, one hopes finally and forever, the oft-used argument that the American defense budget is adequate because …
The Border-Adjustment Tax, Tariffs, and More WTO Questions
The Wall Street Journal has an article about the meetings taking place on tax reform and the problems that participants are trying to solve. According to the article, “the resulting bill is most likely going to be deficit-neutral, [says a] …
How the Feds Could Reform Crazy State Licensing Laws
Many occupational-licensing laws are beyond absurd, acting as barriers to employment rather than ensuring the safety and quality of license-holders’ work. In some states, you need a license to be a hair braider. In others, you need one to tell …
The U.S. Should End Its OECD Subsidies: It’s Good Policy and Self-Protection
Tomorrow, the Committee on Appropriations’s Subcommittee on State, Foreign Operations, and Related Programs is having a “United Nations and International Organizations — Budget Hearing.” The witness will be U.N. ambassador Nikki Haley.
I, for one, am very much looking …
Spending Cuts Are the Best Way to Pay for Tax Reform
Yesterday, Speaker Ryan promised that tax reform would happen before the end of 2017. My two cents is that it won’t until Ryan finally agrees to drop the border-adjustment tax that has fractured our movement, the business community, and the Republican …
Environmentalists Demand Trillions in Lower Returns for Pensions
Environmentalists in America have a new, urgent demand: Pension funds must divest from fossil fuels immediately!
President Donald Trump’s decision to withdraw from the Paris climate accord has only made the environmental Left more rabid.
Apart from being impractical, …
The Troubling Soda-Tax Trend
Taxes are rising, and freedom is being depleted as another American city tries to control what its residents put in their bodies.
On Monday, June 5, the Seattle City Council approved a 1.75-cent-per-ounce tax on soda. This equates to $1.18 added to …
Tax Reform for Working-Class Families
The working class is back in the spotlight. After a nearly two decades of focus on the middle class, the election of Donald Trump has awakened political elites to the problems facing families not rich enough to start a 529 plan …
Tax Dollars Are Paying for Drag Queens to Read Stories to Children
Editor’s Note: This piece is reprinted with permission from Acculturated.
A friend of mine was recently at a play group when one mom suggested reading a fairy tale in which two princes end up with each other. She asked …
Replacing a Bad Tax Idea with Another Bad Idea Isn’t Progress
Sadly, over the years, I have come to question the free-market and small-government beliefs of many members of the Republican party — especially those elected to represent their state in the federal government. But it is as if since the …
‘S’ Is for ‘School Choice’ and ‘States’ — Washington Should Back Off
Tax credits that help corporations and individuals offset their contributions to nonprofits providing scholarships to private schools have proved popular in the states. Currently, more than 21 such programs are available in 17 states.
But that doesn’t mean it’s a …
Fixing the ‘Rotting Carcass’ Tax Code
Cynics are said to be people who are prematurely disappointed about the future. Such dyspepsia is encouraged by watching Republicans struggle to move on from the dog’s breakfast they have made of health-care reform to the mare’s nest …
Collins and Murkowski Peddle Myths about Planned Parenthood
Several key falsehoods have long plagued our public debates about abortion, particularly with regard to Planned Parenthood, the U.S.’s largest abortion provider. A few of those misrepresentations — especially the fiction that Planned Parenthood provides essential, quality care to …
The Crisis of the Economic Right and the Case for Reform Conservatism
American politics, the conventional wisdom goes, is divided along two axes: There are economic liberals and conservatives, and there are social liberals and conservatives, and a rough symmetry prevails between the two. The Democratic base is aligned on economic and …
Phasing in the Border-Adjustment Tax Won’t Solve Its Problems
I wish we could stop talking about the border-adjustment tax. Unfortunately, I can’t — because Speaker Paul Ryan and Ways and Means chairman Kevin Brady remain committed to it. That’s even after plenty of evidence that a tax proposal with …
Phasing in the Border-Adjustment Tax Will Increase the Trade Deficit
As I mentioned last week, bad ideas never die in Washington. Take, for example, Ways and Means Committee chairman Kevin Brady’s terrible idea of phasing in the border-adjustment tax (BAT) over five years.
Apparently, Brady now recognizes (after denying it …
Is the Border-Adjustment Tax Really Dead?
That’s what Roll Call asserted on Tuesday:
House Republican leaders’ controversial border adjustment tax is dead
So did the New York Times a few weeks ago:
After months on life support, the border adjustment tax looks as if it’s …
Is There a Corporate-Tax-Reform Plan B?
In June 2016, the House GOP released a tax-reform plan that would fundamentally change how the United States taxes business income. While such a large overhaul was bound to raise concerns with interest groups, criticism of the proposal has overshadowed a …
How large are the tax cuts the Trump administration is seeking? As I noted the other day, it has been giving inconsistent answers on this question. And that inconsistency has not yet been resolved.
Budget director Mick Mulvaney says that …