Tax Politics
The Politics of Taxes
Less Government, More Free Trade
A recent article in the WSJ, “Is the U.S. Moving On From Free Trade? Industrial Policy Comes Full Circle” should have ultimately been an Op-Ed because it was a baseless attack on the concept of free-trade. It starts out okay, pointing out that free markets, free...
Based in Law, not a President
In a now-deleted Tweet written a week before midterms, President Biden tried to take credit for the Social Security increases that recipients will receive in 2023. The White House twitter account gleefully announced that “Seniors are getting the biggest increase in...
Biden Continues His War on Energy
Biden told one of the biggest whoppers of his presidency during a speech today when he went after oil and gas companies and accused them of “war profiteering” after companies posted record profits. But what he purposefully left out was the fact that his own war on...
Record Tax Collection in Fiscal Year 2022
From October 2021 - September 2022 (FY2022), the federal government collected more than $4 trillion this year. The $4,896,119,000,000 of revenue was a record, as shown by the Monthly Treasury Statement. The prior record was FY2021, in which the government collected...
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...