Tax Reform Is No Place for Paid Leave
Paid parental leave is a hot topic these days, and rightfully so. Only 14 percent of workers have access to paid family leave from their employers, according to the Bureau of Labor Statistics. Even when accounting for vacation days, sick days, …
Trump Turnaround Puts New Tax-Cut Writing on the Wall
Financial markets and most media pundits are missing the new writing on the wall. For a variety of reasons surrounding shrewd moves by President Trump, the chances for significant tax cuts in the next ten weeks have risen sharply.
The U.S. Is Not the Highest-Taxed Nation in the World
You can tell that President Trump is getting serious about tax reform, because he has started lying about it.
Trump on the stump insists that the United States is the highest-taxed nation in the world. That is . . . not exactly true, …
Republicans Should Kill This Bad Tax Reform Idea
Republican plans to overhaul the cumbersome, over-complex tax code are still under construction, and the legislative process being what it is, they will likely continue to evolve as proposals wind their way through both Houses of Congress. Given the failure …
As Rich Lowry notes, the relationship between Donald Trump and the Republican Congress has grown more cantankerous. The personal feuds — with Mitch McConnell, with Jeff Flake, with John McCain — pile up.
In terms of policy, though, there are …
Tax Reform Shouldn’t Punish Donations to School-Choice Scholarship Programs
As some supporters of school choice are pushing for a federal tax-credit scholarship program, opponents are proposing legislation in Congress that would impair similar programs already operating in 17 states. These programs allow individual and/or corporate donors to claim a …
Republicans Should Revisit Health Care after a Tax Reform Success
For all the criticism from the left charging Republicans with enabling President Trump by voting, well, Republican, Senate Republicans seem to be breaking with the president’s priorities, refocusing their efforts on tax reform and defying Trump’s demands that …
Thank You for Dropping the Border-Adjustment Tax
Needless to say, I am delighted to hear that Speaker Paul Ryan and Ways and Means Committee chairman Kevin Brady have decided to put the border-adjustment tax (BAT) aside. In a joint statement with the other members of the Big …
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 …
Republicans want to cut taxes by $1.5 trillion — while the government already is running a deficit — and they propose to offset those cuts with wishful thinking.
In control of both houses of Congress with a nominally Republican president in …
Seattle’s New Income Tax Bodes Ill for the City’s Economy
Signs reading “Step Forward for Progressive Taxation,” “Trump-proof Seattle | Tax the Rich,” and “Tax the Rich, House the Homeless” adorned a June city council hearing in Seattle. Those brandishing the signs were proponents of the resolution up for discussion, an …
A 15 Percent Corporate Tax Is Worth the Fight
Three cheers for the Fight for 15! No, not the Left’s demand for a $15-per-hour minimum wage. (Why stop there? Why not $100 per hour?) That idea is a surefire job killer and exactly the wrong prescription from the same folks …
What Is a Majority Good For?
It seems Republicans always have an excuse about why they can’t get things done. While doing some research on the debt ceiling (a post about that soon), I found this 2013 quote by then–chairman of the House Budget Committee Paul …
What’s So Generous about Spending Other People’s Money?
The popularity of Democratic Socialism is rising, and more and more people are viewing it as a generous, compassionate alternative to “cruelty” of capitalism.
As The Week notes, membership in Democratic Socialists of America has more than tripled in the …
Debt-Ceiling Fight Looms as Next Big Test for Congress
If you thought the recent fight over health-care reform was fun, get ready for the next big Washington circus: raising the debt ceiling.
In October of 2015, Congress chose to avoid the usual fight over setting a symbolic debt target by …
Michigan Turns Foreclosure into a Government Self-Enrichment Machine
Van Buren County, Mich. — Can the government take your home and all your equity in it if you fall behind on your property taxes or — like many people in Flint, Mich. — refuse to pay your water bill?
The state of …
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] …