Tax Politics
The Politics of Taxes
Dimon Warns of Recession
Though the head of JP Morgan Chase feels that the economy is still doing okay, he foresees a recession in 6-9 months. This is due in part to "the impact of runaway inflation, interest rates going up more than expected, the unknown effects of quantitative tightening...
It’s Time to Repeal the Jones Act
The Jones Act, as you know, requires that all cargo shipped between U.S. ports be carried by U.S.-built, U.S.-crewed, U.S.-owned ships. It makes any business involving shipping between Puerto Rico and the mainland impossible, thereby currently impeding the...
Biden and the COVID Emergency
How can Biden get away with saying the pandemic is over, at the very same time his attorney wrote the legal opinion that debt forgiveness was constitutional because of the COVID State of Emergency? He is trying to play both sides. On 60 Minutes this past Sunday,...
The Economic Tragedy of COVID Relief
What is happening, as demonstrated by the Census, is that the government largess is taking some people out of poverty, but it is having an even greater and more dangerously perverse effect. It's making people overall worse economically and preventing them from moving...
WSJ: Income Equality, Not Inequality, Is the Problem
Phill Gramm and John Early do a nice job laying out the misnomer that income inequality is the problem. This concept of inequality really became a selling point during the Obama administration when the Democrats consistently implored that "millionaires and...
The Average Joe and the IRS
The Internal Revenue Service is inept to such a degree that it could rightly be called criminal. The problems go beyond the numerous cited issues, such as only answering 10% of taxpayer calls or a backlog of 21 million unprocessed tax returns. The Treasury Inspector...