Instead of applying the 12.4 percent Social Security payroll tax on the first $162,000 of income, some politicians want to impose the tax on all income.
Daily Analysis
A Prosperity Contest Between the U.S. and Europe
Americans are richer than Europeans, no matter how the data is sliced. And the U.S. advantage almost surely is the result of having more economic freedom and smaller government.
Donald Trump Supports Massive Tax Increases on Middle-Class Americans, Part II
Tax increases are the unavoidable outcome of Trump’s opposition to entitlement reform.
Assessing North Carolina’s Fiscal Policy
North Carolina has gone from one of the worst to one of the best states on fiscal policy. But not everyone is happy about what’s happened in the Tarheel State.
Does America Have an Under-Taxation Problem?
Federal tax revenues have skyrocketed. When will enough be enough?
In a Tweet, Everything You Need to Know about California
California politicians say that they are trying to punish the rich, but lower-income and middle-class people are suffering a lot of collateral damage.
“Prioritization” and Debt Limit Nonsense
There’s plenty of money to pay interest on the debt. There would only be a default if Joe Biden or Janet Yellen (the Treasury Secretary) deliberately chose not to prioritize.
Donald Trump Supports Massive Tax Increases on Middle-Class Americans
Opposing any and all entitlement reform will guarantee eventual tax increases.
Long-Run Policy Lessons from the Coronavirus Pandemic, Part II
New research shows that supposed preparedness made little difference.
Macron’s Pension Reform Is Necessary (but Inadequate)
Macron wants reforms to the country’s pay-as-you-go pension system.