EconomyNews
D.C. Votes to Tax Gym Memberships
If you live in D.C., your fitness plan just got more expensive. The D.C. Council passed a 5.75 percent sales tax on gym memberships and… Read More
EconomyNews
Taxpayers Buck Proposal to Pay for New NBA Arena
Wesley Edens and Marc Lasry, the new owners of the Milwaukee Bucks, have a combined net worth of $2.9 billion. The two New York investment… Read More
Economy News
A Taxpayer’s Guide: Export-Import Bank Under Microscope at House Hearing
Rep. Jeb Hensarling today convenes the House Financial Services Committee for a much-anticipated hearing on the fate of the U.S. Export-Import Bank, a federal agency that… Read More
EconomyCommentary
We’re All Pro-Growth and Pro-Family
The tax reform debate about the child tax credit (CTC) continues. Hopefully the discussion sheds light on whether the CTC expansion is the best policy…. Read More
EconomyCommentary
Cartoon: Obama’s Family-Friendly Workplace Policies
At the White House Summit on Working Families in Washington this week, President Obama pushed for more “family-friendly” workplace policies. >>> Related: Professional Ballplayer Explains… Read More
EconomyCommentary
The Concrete Tax
Just a few months ago, Congress forced the U.S. Department of Agriculture (USDA) to impose the infamous Christmas tree tax on Christmas tree producers and… Read More
EconomyCommentary
10 Free Market Principles That Could Transform Agriculture
Agriculture policy affects all Americans. From policies that drive up food prices to government control of your dietary decisions, it warrants significant attention. Unfortunately, central… Read More
EconomyCommentary
Forget Inequality. Here’s What de Blasio Should Do to Help Low-Income Americans.
Mayor Bill de Blasio wants to tackle income inequality—not just in New York City, but across the country. De Blasio, who was elected on his… Read More
EconomyCommentary
Careless Lending at Ex-Im Bank Invites Fraud
On Monday, The Wall Street Journal reported that four employees of the Export-Import Bank have been removed in recent months amid allegations of kickbacks and… Read More
EconomyNews
Export-Import Bank Faces Tough Road to Reauthorization After Kevin McCarthy’s Opposition
Today was supposed to be the day supporters of the Export-Import Bank struck back. After weeks of disappointing news and dimming prospects for the bank’s… Read More
EconomyAnalysis
Child Credit Expansion Could Crowd Out Growth
At National Review Online’s The Corner, Ramesh Ponnuru (defending Robert Stein) and Steve Moore have discussed the merits of a larger tax credit for children…. Read More
EconomyNews
Sunlight Report: Don’t Underestimate Export-Import Bank’s Corporate Friends
Despite losing a friend in House leadership and now his successor’s avowed lack of interest, the Export-Import Bank — which has been criticized for promoting… Read More
EconomyCommentary
Who’s to Blame for High Airfares?
Airline ticket prices are soaring this summer. Prices are up 12 percent since 2009, even after adjusting for inflation. When customers of Spirit Airlines book… Read More
EconomyCommentary
Your Government Is Sending Your Money to These Less-Than-Friendly Countries
Did you know there’s a federal agency that loans taxpayer money to foreign governments and businesses to turn around and buy things from politically favored American… Read More
EconomyNews
Another Business Moves Abroad, Leaving Behind High U.S. Taxes
Yet another business is moving abroad to escape America’s high tax rates. Medtronic, one of the world’s largest medical device companies, recently acquired Covidien for… Read More
EconomyNews
Massachusetts City Is Latest to Wage War on Ride-Sharing Services
Officials in Cambridge, Mass., are going to war with ride-on-demand services in the name of protecting the public. The new rules being considered by the… Read More
EconomyNews
Incoming House Majority Leader Kevin McCarthy Says Export-Import Bank Should Close
The Export-Import Bank’s path to reauthorization just got more complicated. Kevin McCarthy, the California Republican who will soon become House majority leader, said on “Fox… Read More
EconomyCommentary
This Country’s Growth Should Have Rivaled China’s. What Went Wrong?
Only a decade ago, India seemed destined to rival China. Annual growth had averaged almost 9 percent over a seven-year stretch; domestic investment was booming;… Read More
EconomyCommentary
The Sport of Cronyism
Jurgen Klinsmann, the coach of the U.S. soccer team, caught flak for saying that it’s “not realistic” to believe that his men can win the… Read More
EconomyCommentary
Hiking the Federal Gas Tax Is a Mistake. Here’s Why.
Much clamoring for more federal transportation spending, and fuel tax hikes to pay for it, has come out of Washington recently. The Highway Trust Fund… Read More
EconomyCommentary
Why Are So Many Young Adults Not Looking for Jobs?
Economists are scratching their heads trying to figure out a puzzle in this recovery: Why are young people not working? People retiring at age 60… Read More
EconomyNews
Internet Tax Ban Moves a Step Closer to Becoming Permanent
Tension between federal and state powers over a permanent ban on Internet access taxes took the spotlight this week on Capitol Hill. Unless Congress votes… Read More
EconomyCommentary
House Committee Passes Temporary FSOC Reforms
The U.S. House of Representatives Financial Services Committee passed two good reform bills aimed at fixing the Financial Stability Oversight Council (FSOC). Both pieces of… Read More
EconomyCommentary
Senate’s Minibus Falls Short on Spending Reforms
The Senate’s “minibus” spending bill lumps together three appropriations bills—Commerce/Justice/Science, Transportation/Housing and Urban Development, and Agriculture—into one funding bill. The proposed minibus bill (which has… Read More
EconomyCommentary
China Foreign Exchange Reserves: $4 Trillion and Counting
During the second quarter of this year, China’s foreign reserve holdings will top the $4 trillion mark. Representing approximately 43 percent of China’s GDP, these… Read More
EconomyCommentary
Setting the Record Straight on the 30-Year Mortgage
The Financial Services Roundtable (FSR), a leading lobbyist for the financial services industry, has released a statement titled “Heritage Dismissal of Importance of the 30… Read More
EconomyNews
Starbucks CEO: Minimum Wage Hike ‘Right Thing to Do’ Despite ‘Traumatic Effects’ on Small Business
Starbucks CEO Howard Schultz said he supports an increase to federal minimum wage even though it could have “traumatic effects” on small business owners and employees…. Read More
EconomyCommentary
You’re Paying for America’s Political Economy
Legendary computer scientist Alan Kay once said “The best way to create the future is to invent it.” It’s an ethos that has animated every… Read More
EconomyCommentary
Laughing All the Way to the Export-Import Bank
This fall, the charter for the Export-Import Bank is set to expire. The Kronies don’t want you to know who or what is truly behind… Read More
EconomyCommentary
A Federal Gas Tax Hike for…What, Exactly?
Senators Chris Murphy (D–CT) and Bob Corker (R–TN) have proposed hiking federal fuels taxes by 12 cents per gallon. Car and truck drivers and bus… Read More
