EconomyCommentary
Why a Bigger Social Security Program Would Make Us Worse Off
The truth is unavoidable: Social Security is insolvent. It’s set to run out of money to pay scheduled benefits in about 15 years, barring action… Read More
Economy Analysis
How Trump’s Tax Cuts Are Helping the Middle Class
On today’s episode of The Daily Signal Podcast, we feature an interview with Julio Gonzalez, chairman of Engineered Tax Services, and Stephen Moore, a distinguished… Read More
EconomyCommentary
How Victim Mentality Is Pushing Women Toward Socialism
Americans are no longer just flirting with the idea of socialism. They’re increasingly enamored by it. And women, in particular, are some of its biggest… Read More
EconomyNews
75 Conservative Groups Oppose ‘Any Carbon Tax’ Days After Mitt Romney Was Reportedly ‘Looking at’ One
Seventy-five conservative groups signed a public letter to Congress opposing “any carbon tax” days after reports that Utah Republican Sen. Mitt Romney openly considered backing… Read More
EconomyCommentary
Repealing the Tax Cuts Would Hit Middle Class and Workers
Many Democrats would like to repeal the 2017 tax cuts. But how would that affect ordinary Americans? If the tax cuts were reversed, the typical… Read More
EconomyCommentary
The Blueprint for a Balanced Budget That Can Still Cut Taxes
If Congress doesn’t act, Americans’ taxes will automatically increase in the coming years. The 2017 tax cuts are temporary, and some of those taxes are… Read More
Economy Analysis
Podcast: Former White House Insider Discusses Draining the Swamp, Next 18 Months
Rick Dearborn had a front-row seat to President Donald Trump’s first year in the White House. He led the White House transition team and then… Read More
EconomyNews
New York Lawmakers Pass Bill That Would Allow Congress Access to Trump’s Tax Returns in the State
The New York state Assembly passed a bill Wednesday to allow Congress to obtain information on state tax returns for elected officials, which would include… Read More
EconomyCommentary
Socialism Promises a Utopia, but Delivers Suffering
Presidential contenders are in a battle to out-give one another. Sen. Elizabeth Warren, D-Mass., proposes a whopping $50,000 per student college loan forgiveness. Sen. Bernie… Read More
EconomyCommentary
Liberals Were Very Wrong About Tax Cuts. Again.
For those of you who survived the Great GOP Tax Cut Massacre, things are finally looking up. The unemployment rate fell to 3.6% last month,… Read More
EconomyCommentary
Parsing the President’s Tweets on Tariffs Amid China Trade Talks
It’s crunch time in U.S.-China negotiations, and President Donald Trump may have just thrown negotiators under the bus. Over the weekend, Trump tweeted that perhaps… Read More
EconomyCommentary
Poorest Americans Are Benefiting Most From Strong Economy
It’s hard to escape the good economic news these days. New reports show that in the first quarter of 2019, the U.S. economy grew by… Read More
EconomyCommentary
Elizabeth Warren’s Wealth Tax Would Backfire
Whenever Sen. Elizabeth Warren, D-Mass., is asked how she’ll fund “free” college tuition and her many other promised goodies, she has a ready answer: a… Read More
EconomyCommentary
Today, You Pay Your Federal Taxes. Tomorrow Is the Real Tax Freedom Day.
This year, Tax Freedom Day—the day after which Americans have worked enough days of the year to pay their taxes—occurs just one day after Tax… Read More
SocietyNews
10 Years After First Rallies, What’s the Legacy of the Tea Party?
It was Tax Day 2009 when citizens gathered in 850 cities across the nation for tea party rallies protesting the recent $700 billion federal bailouts… Read More
EconomyCommentary
In 1 Chart, How Your Taxes Are Spent
It’s nice to have more money in your pocket. And thanks to the 2017 tax cuts, the typical American is now paying less in taxes…. Read More
SocietyNews
Tea Party Backs ‘Stop Socialism, Choose Freedom’ Rallies on Tax Day
Americans across the country are preparing to organize 300 or more rallies against socialism on Monday, mobilized and assisted by a major tea party group…. Read More
EconomyCommentary
California’s War on Middle Class
For over six years, California has had a top marginal income tax rate of 13.3%, the highest in the nation. About 150,000 households in a… Read More
EconomyNews
$22 Trillion in National Debt Not ‘Sustainable Trajectory,’ House GOP Leader Says
Restoring fiscal sanity to Congress is a matter of national security, the chairman of the House’s largest Republican caucus says. “It’s not a sustainable trajectory,”… Read More
EconomyCommentary
The Truth About How Much Americans Are Paying in Taxes
As Americans file their taxes this April, they might be in for a surprise: Most Americans got a tax cut last year. It shouldn’t be… Read More
EconomyCommentary
House Democrats Pursue a Reckless Spending Deal, Not a Budget
Democrats are trying to put the last nail in the coffin of the Budget Control Act of 2011, one of the few remaining semblances of… Read More
SocietyNews
Sen. Cotton Seeks IRS Inquiry Into Southern Poverty Law Center’s Tax Status
Sen. Tom Cotton has asked the Internal Revenue Service to investigate the Southern Poverty Law Center, a liberal activist organization that regularly brands organizations it… Read More
EconomyNews
White House Report Hails Tax Cuts Spurring Economic Growth, Warns of Socialism’s Cost
The annual Economic Report of the President highlights the successes of tax reform and deregulation, while warning of the dangers of socialist proposals. The report,… Read More
EconomyNews
Americans Vote With Their Feet on High Taxes, Report Shows
An index on the economic state of the states reveals a narrative that is being overlooked or ignored, says one of the report’s authors. … Read More
EconomyCommentary
Appeals Court Upholds Housing Allowance Tax Exemption for Clergy
The Internal Revenue Service has a rule allowing ministers to exclude the amount of a housing allowance from their taxable income. In December, I wrote… Read More
EconomyCommentary
Closing So-Called ‘Carried Interest Loophole’ Would Hurt the Economy
Increasing taxes on investment is always a bad idea, and that’s exactly what a new bill in Congress aims to do. Sen. Tammy Baldwin, D-Wis.,… Read More
EconomyCommentary
It’s a Myth That High Tax Rates Would Actually Lead to Rich People Paying More
Do you pay enough taxes? What is enough? When asked on “60 Minutes,” Rep. Alexandria Ocasio-Cortez, D-N.Y., didn’t seem to have a specific tax rate… Read More
EconomyCommentary
New Bill to Tax Stock Market Could Devastate Ordinary Savings and Retirement
A new tax proposal in Congress aims to stick it to the rich. But if passed, it could devastate the U.S. financial system and ruin… Read More
EconomyNews
‘Terrible Idea’: Michigan’s Democratic Governor Pushes an Enormous Gas Tax Increase
Democratic Michigan Gov. Gretchen Whitmer is proposing what some opponents are calling a draconian gas tax increase to fix the state’s crumbling road infrastructure. Whitmer’s budget… Read More
EconomyNews
Tax Refunds Are on the Rise, Treasury Reports
Tax refunds have increased this week, the Treasury Department announced Thursday, after critics attacked the initial lower refunds that resulted from Americans paying less to… Read More
