Tags Tax and budget policy

Tag: tax and budget policy

Property Taxes on the Ballot

CHRIS EDWARDS, CATO INSTITUTE The most famous ballot question on fiscal policy is California’s Proposition 13 passed in 1978. Voters passed the constitutional change to...

ITEP Study on Corporate Taxes

CHRIS EDWARDS, CATO INSTITUTE The liberal tax group ITEP has a new study suggesting that many large corporations did not pay income taxes in 2018. The study...

Higher Incomes, Higher Tax Rates

CHRIS EDWARDS, CATO INSTITUTE An article in the New York Times the other day was titled “The Rich Really Do Pay Lower Taxes Than You,” and one in Bloomberg was subtitled...

Minding Money by Migrating

CHRIS EDWARDS, CATO INSTITUTE Americans are moving from higher-tax states to lower-tax states. Of the 25 highest-tax states, 24 had net out-migration in 2016. Of the 25...

New York Times on Opportunity Zones

CHRIS EDWARDS, CATO INSTITUTE The Tax Cuts and Jobs Act of 2017 included capital gains tax cuts on investments in chosen areas called “opportunity zones.”...

Baltimore: Is it Taxes?

CHRIS EDWARDS, CATO INSTITUTE Baltimore is in the news for its poor economic situation and lack of opportunity for many of its residents. The problem...

Private Pay Tops Federal in 2018

CHRIS EDWARDS, CATO INSTITUTE The Bureau of Economic Analysis has released data on worker pay for calendar 2018. The data show that compensation for U.S....

A Different Look at After-Tax Income Inequality

ALAN REYNOLDS, CATO INSTITUTE Every presidential candidate promises to “reduce income inequality” by raising tax rates on the rich and increasing transfer payments (including tax...

Bipartisan Budget Buster

CHRIS EDWARDS, CATO INSTITUTE Congressional leaders and President Trump have agreed to another budget-busting spending deal. This one is a two-year plan that raises discretionary...

Apollo 11: A Rare Federal Success

CHRIS EDWARDS, CATO INSTITUTE NASA’s Apollo 11 blasted off 50 years ago today sending astronauts to land on the moon and return safely to earth....

Boston’s Rail System: Another Government Failure

CHRIS EDWARDS, CATO INSTITUTE The federal government spends $14 billion a year on subsidies for local rail and bus transit. This spending should be zeroed...

Postal Service in Crisis

CHRIS EDWARDS, CATO INSTITUTE Mail volumes are falling and the U.S. Postal Service is losing billions of dollars a year while accumulating large liabilities. The USPS...

Freedom Caucus and Spending Cuts

CHRIS EDWARDS, CATO INSTITUTE Federal spending will rise more than 7 percent this year and annual deficits will soon top $1 trillion. The government’s rising...

New Study on Fiscal Federalism

CHRIS EDWARDS, CATO INSTITUTE The federal government spends $750 billion a year on 1,386 different subsidy programs for state and local governments. The number of...

Federal Disaster Spending Boosted by Politics/Population

CHRIS EDWARDS, CATO INSTITUTE Despite rising federal deficits, Congress is set to pass another budget-busting spending bill. This time it is a $19 billion package...

Leaving High-Tax Connecticut for Low-Tax Florida

CHRIS EDWARDS, CATO INSTITUTE The exodus of the wealthy from high-tax Connecticut continues, according to the Wall Street Journal: After four years on the market, and three price...

Why is U.S. Government Infrastructure So Costly?

CHRIS EDWARDS, CATO INSTITUTE Tracy Gordon of the Urban-Brookings Tax Policy Center writes interesting columns on taxes, fiscal federalism, and other economic issues. Before Congress...

Tax Rates Rise as Income Rises

CHRIS EDWARDS, CATO INSTITUTE Tax Day is here. In a column about this unhappy day, Christine Emba of the Washington Post provides her views regarding income tax filing...

Did You Get a Tax Cut?

CHRIS EDWARDS, CATO INSTITUTE Federal tax returns for 2018 are due April 15 in most states. With your filing, you can see how your taxes...

Housing Prices, Supply, and Innovation

CHRIS EDWARDS, CATO INSTITUTE Housing prices have soared in many U.S. and international cities, which has generated affordability problems for middle- and lower-income families. An article...

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The Paradox of Prosperity

BY MARK W. HENDRICKSON In Friedrich Hayek’s 1954 book Capitalism and the Historians, the late French philosopher and political economist Bertrand de Jouvenel noted a baffling...

Property Taxes on the Ballot

CHRIS EDWARDS, CATO INSTITUTE The most famous ballot question on fiscal policy is California’s Proposition 13 passed in 1978. Voters passed the constitutional change to...

Long-Standing Precedents Point The Way For Senate Judiciary Committee To Restrain Twitter

BY BOB BARR Congress rarely deserves praise for acting swiftly to exercise its oversight responsibility, but the quick response by the Senate Judiciary Committee to...

What good might come from this evil epidemic?

THOMAS JEFFERSON LEADERSHIP I … congratulate you on the healthiness of your city . still Baltimore, Norfolk & Providence admonish us that we are not...