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Tax Politics

The Politics of Taxes

Reciprocal Tariff Ignorance

President Trump continues to pursue his misguided tariff crusade believing that he is somehow protecting American industries and employment. His latest move, reciprocal tariffs (which he intends to begin April 2), is even worse. Trump has stated that he plans to impose tariffs based on “what they charge us, we charge them,” which is an economically stupid idea. Advocates of this policy like to...
Rick Santorum’s Tax Plan

The only reason why I am mentioning this plan is the sheer ridiculousness of its foundation. In his editorial in the Wall Street Journal today, Santorum announces that he will pay for his tax plan by "repealing ObamaCare and all of its associated taxes." That is...

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Public Sector Employee Wages Outpace Private Sector

This is an point that I have been writing about for years: workers in the public sector makes more than their private sector counterparts, especially when benefits are factors into the compensation package. Now, a new study by CATO affirms my supposition. CATO...

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Obamacare Penalty Goes Up for Tax Year 2015: A Primer

Remember, Obamacare mandates that you either have an approved insurance plan OR pay a penalty/fine/tax. The 2014 tax year was the first year year the penalty was assessed. This coming tax year, the penalty increases, and for tax year 2016, the penalty increases even...

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Global Economy Now Affecting US Job Market

From the AP: A sagging global economy has finally caught up with the United States. Nervous employers pulled back on hiring in August and September as China's economy slowed, global markets sank and foreigners bought fewer U.S. goods. Friday's monthly jobs report from...

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