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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...

Reporters Accept Illogical Gas Tax Narrative

CHRIS EDWARDS, CATO INSTITUTE Here is the framing of countless news articles on infrastructure: the streets have potholes; the federal gas tax has not been...

A.I. Needed to Decipher Tax Code

CHRIS EDWARDS, CATO INSTITUTE The 2017 Tax Cuts and Jobs Act included numerous pro-growth provisions, but it did little to simplify the tax code. Business...

Government: High Subsidies, Low Satisfaction

CHRIS EDWARDS, CATO INSTITUTE The OECD has released results from a survey of 22,000 people in 21 countries regarding their views of government social programs. Governments in the...

Federal Gas Tax Increase Not Needed

CHRIS EDWARDS, CATO INSTITUTE President Trump’s new budget proposes to increase federal spending on infrastructure by $200 billion over 10 years. Many members of Congress are supportive....

Any Budget That Cuts Fed Ed is Good, But …

NEAL MCCLUSKEY, CATO INSTITUTE The Trump Administration’s proposed U.S. Department of Education budget, released yesterday, is due some props. It would cut spending by about 10...

Federal Budget Outlook and Trump Tax Cuts

CHRIS EDWARDS, CATO INSTITUTE President Trump releases his budget for 2020 today. The budget includes major cuts to domestic programs to deal with rising deficits,...

Trump Budget 2020

CHRIS EDWARDS, CATO INSTITUTE The Trump administration has released its federal budget for 2020. The document lays out taxing and spending proposals and provides projections through 2029. The...

Economic Forecasts are Fiction

CHRIS EDWARDS, CATO INSTITUTE The Wall Street Journal reports: ECB economists have cut their economic growth forecast for 2019 to 1.1% from the 1.7% they had expected in...

Governor Inslee Announces for President

CHRIS EDWARDS, CATO INSTITUTE Washington Governor Jay Inslee is throwing his hat in the ring for President of the United States. The central focus of...

Are Child-Care Subsidies Actually “Good For The Economy”?

RYAN BOURNE, CATO INSTITUTE Commentators are already implying Democrat Elizabeth Warren’s new universal child-care plan will be “good for the economy.” Moody’s Analytics reckons subsidies will induce...

Taxes on Tippy Tippy Top

CHRIS EDWARDS, CATO INSTITUTE U.S. Senator Elizabeth Warren told CNBC the other day: “I want these billionaires to stop being freeloaders … I want them to pick...

Good News on Disability Programs

CHRIS EDWARDS, CATO INSTITUTE There is good news for taxpayers regarding federal disability programs. The strong economy and administrative reforms have begun reducing caseloads for the Social...

Federal Subsidies Infiltrate Everything

CHRIS EDWARDS, CATO INSTITUTE Can’t anyone do anything in this country without federal subsidies? A friend emailed me a local news story from Lancaster County, Pennsylvania:...