What Calvin Coolidge’s 1925 Inauguration Can Teach Us Today - FEE
100 years ago, Calvin Coolidge took office with a focus on limited government and fiscal responsibility. Here’s what his inaugural address can teach us today.
Trump: ‘We have to get Democrats’ to approve tax cuts
President Trump said Thursday he’s working with Democrats on extending and building off of his 2017 tax cuts — one of the top legislative priorities for Republicans, who are split on many of the la…
New Study Shows Why ‘Taxing the Rich’ Isn’t So Straightforward - FEE
A common rallying cry on the left is that we can fund our social programs if we just “tax the rich.” While popular, this slogan is far from a real solution
The stark numbers documenting Washington’s shameful profligacy should petrify anyone concerned about financial sanity and America’s future. The shortfall
The $2.3 Trillion Gap Between Trump’s and Harris’s Plans to Cut Taxes
Former President Donald Trump has proposed roughly $6.5 trillion in tax cuts, while Vice President Kamala Harris has proposed $4.2 trillion in cuts. WSJ’s Richard Rubin breaks down the very different tax plans from the two candidates.
Top 5% of taxpayers would get nearly half the benefit if Trump tax cuts are extended | CNN Politics
The highest-income households would receive more than 45% of the benefits if the expiring provisions of the 2017 Tax Cuts and Jobs Act are extended, according to an analysis released Monday by the Urban-Brookings Tax Policy Center.
Day of Reckoning for Social Security Draws Closer | Craig Eyermann
In ten years, Americans counting on Social Security benefits for income will be in for a shock. The shock will come because the trust fund that provides about one-fifth of the cash Social Security benefits receive will run out of money in 2033. Starting in 2034, under current law, Social Security will only have enough money to pay 79% of its pro
Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens
Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.
Both Sides: Is the National Debt a Problem? - Stossel in the Classroom
The national debt continues to grow, but should we be worried? Do we need to cut government spending, or is the growing debt actually sustainable? What is & ...
Kenyan President Rejects Bill That Led to Deadly Protests
A day after at least 23 people were killed in demonstrations against a tax increase, President William Ruto withdrew the law that he said was necessary to avoid defaulting on the country’s debt.
Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break | Georgia Public Broadcasting
Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing. Gov. Brian Kemp on Tuesday vetoed a bill to pause for two years a sales tax exemption the state gives for building and equipping computer data centers.
Spending Explorer lets you explore the federal spending landscape through the lens of three accounting categories: Budget Function (spending purpose), Agency (spending source), and Object Class (purchased item or service).
Thirty‐two terrible U.S. spending policies are going head‐to‐head in a classic, single‐elimination tournament format. And you get to decide the worst of the bunch.
Musk Slams Delaware, Hints at Tesla Texas Move After Pay Snub
Shortly after a Delaware judge voided Elon Musk’s $55 billion Tesla Inc. compensation package, the billionaire took to social media to vent his feelings: “Never incorporate your company in the state of Delaware.”
Policy Basics: Where Do Our Federal Tax Dollars Go? | Center on Budget and Policy Priorities
In fiscal year 2023, the federal government is estimated to spend $6.3 trillion, amounting to 24.2 percent of the nation’s gross domestic product (GDP). Of that $6.3 trillion, over $4.8 trillion is...