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Budget

  • New Congress Breaks into Action With Smart Bills

    In describing the 114th Congress’ first 100 days, MarketWatch columnist Rex Nutting uses a four-letter word, dumb, no less than nine times. But maybe Congress’ “five dumbest things” make sense after all. Passing a budget, rolling back taxes, approving Keystone XL and reining in an overreaching agency might increase Congress’ popularity with voters back home.

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  • Working for the Tax Man

    Though April 15 has passed, Americans are still a week away from the finish line when it comes to paying their taxes. This year, it will take the average American until April 24 to work enough to pay off their share of federal, state, and local taxes. We spend 30 percent of the year working to pay the government before we can start to keep the money that we earn.

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  • Mention the word "taxes," and most people immediately think of how much money, or what percentage of their income, they pay to the government. If you mention the word on April 15, they are apt to offer many unprintable thoughts as well. But in general, people view the cost of taxes in terms of what they are required to fork over to the Internal Revenue Service every year at this time in addition to any quarterly estimated payments and payroll deductions.

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  • Rand Paul Heads to the Races

    Kentucky Senator Rand Paul will announce the official launch of his campaign for the Republican presidential nomination in Louisville today. In a video released on Monday, Paul promised, “On April 7, a different kind of Republican will take on Washington.” But how different is Paul from the other likely Republican candidates? Is he really, as Time Magazine claimed, “The Most Interesting Man in Politics”?

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  • A Streetcar Named Excess

    Many people look nostalgically at trolleys (streetcars) as symbols of a simpler, friendlier time as they recall their favorite episode of Mr. Roger’s Neighborhood. Yet, considering the high costs of streetcar construction, it would be better for D.C. Mayor Bowser to leave the trolley for TV and replace the problematic D.C. One City Line project, a streetcar line that would connect the current H Street Line to Georgetown, with an equally-friendly bus.

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  • Here’s What an Almost Perfect Tax-Reform Plan Looks Like

    As April 15 approaches, many Americans would welcome a simpler tax plan.

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  • Americans Work for the Government Until April 24

    Today the Tax Foundation announces its 2015 Tax Freedom Day. The date that Americans will have earned enough to pay their total annual tax burden falls on April 24—114 days into 2015. On average, it takes over 30 percent of the year for Americans to cover their tax obligations. 

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  • The Secret Growing Debt Problem—An Interview with Carl DeMaio

    Jared Meyer interviewed former San Diego City Council member Carl DeMaio on March 24 on the subject of what can be done to solve the growing problem of the state and local pension debt crisis. DeMaio now chairs Reform California, a political action committee seeking to place pension reform on the ballot statewide. 

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  • America Strives to Exceed  French Capital Gains Tax Rates

    A new report by the non-partisan Tax Foundation shows that America has higher capital gains tax rates than other industrialized countries. Nevertheless, President Obama is pushing Congress to raise taxes on capital gains still further. America’s tax treatment of capital gains already raises the cost of capital and reduces investment, and raising rates would create more disincentives to business investment and growth. 

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  • How to Fix Disability Insurance

    In late 2016, right around the time we elect the 45th president of the United States, we are due for our first entitlement crisis in two decades

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