Tax Politics
The Politics of Taxes
The DeVos Budget Debacle
It seems like spending reductions, smaller government, and eliminating waste are no longer Republican ideals. When Education Secretary Betsy DeVos presented a budget that did just that, Congress turned a deaf ear. What’s more, they made it difficult for her to even...
Trump’s Tariff Hypocrisy
Part of Obama’s terrible legacy was his frequent abusive use of Executive Order, even maintaining a “We Can’t Wait” page on the White House website. From changing student loan rules to immigration reform, Obama was rightly chided for making major policy changes...
Should a Strengthening Economy Be Bad For the Stock Market?
Did you even notice that whenever the economy issues good results (a strong jobs report, etc.), the stock market goes DOWN? Logic would seemingly have it be the opposite. If the economy was strong, one would assume the stock market would respond positively. But often...
Hedge Fund “Loophole”?
The IRS recently announced plans to “close a loophole,” suggesting that hedge-fund managers have been suddenly trying avoid paying higher taxes on carried-interest profits. This issue, however, is really a non-starter, and should not be getting the coverage that it...
IRS Still Giving Good Money After Bad (Employees)
A few years ago, it was revealed that thousand of IRS employees who were in non-compliance with the IRS -- or had actually committed tax fraud -- had received bonuses from the agency. The IRS had promised to place safeguards or closer scrutiny to ensure that such...
Government Surplus in January, Still Running Overall Deficit
From CNSNews.com, the monthly deficit/surplus roundup: The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today. January was the first month...