Tax Politics
The Politics of Taxes
Social Security Reform, Part II: The Payroll Tax and Retirement
Entitlement reform is necessary for the fiscal health of this country, but it is something that no one wants to talk about, much less tackle. How can we begin? How can we open up the conversation and the possibility to reform and improve our social security system?...
Social Security Reform, Part I: The Accounting
Our Social Security System is bankrupt. In fact, there is not enough money in the entire world for the United States to make good on its entitlement promises to its present and future retirees. And one of the key reasons for this is that the government uses a...
Obamacare Uninsured Number Still Not on Target
A few weeks ago, the Feds trotted out a statistic aimed to bolster support for the fledgling Obamacare legislation. While many Obamacare exchange groups have discontinued coverage or announced double-digit premium rate hikes, federal officials announced that the...
3 Years Later, IRS Reveals List of Targets
As a tax practitioner, I have been following the IRS scandal since the beginning. Here's the latest update -- the list of IRS target have been released, 3 years later. From the Washington Times: More than three years after it admitted to targeting tea party groups for...
Very Weak Jobs Report for May
Grim news from the Wall Street Journal: "The U.S. job market notched its weakest monthly gain in more than five years, knocking down expectations for a Federal Reserve rate increase and stirring worries about the seven-year-old economic expansion. Employers added...
The Minimum Wage and Middle Income Workers
One of the unintended results of minimum wage theory is how the artificial wage increase affects those workers who were not recipients of the government’s generosity. The sudden jump to $13 or $15 an hour for the lower income workers does not translate into the same...