The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax […]
Export-Import Bank Chairman Fred Hochberg. Photo: Brendan Smialowski/AFP/Newscom With a deadline looming on the future of the taxpayer-funded U.S. Export-Import Bank, congressional Republicans remain split on whether to reauthorize the bank’s charter. The 80-year-old Ex-Im Bank, which provides foreign companies with loans to encourage them to buy from American companies, has come under fire for promoting corporate […]
By Caroline Zaayer Kaufman Monster.com If you’re planning a move to another state for work it might be wise to consider what you’ll pay in property tax, sales tax and, of course, how big of a chunk the state government is going to take out of your paycheck. The federal government will get its share […]
Jim West/ZUMA Press/Newscom America has a jobs problem. And we don’t need more economic “stimulus” packages or government solutions. We need Congress and the Obama administration to stop dragging their feet. In a new report, Heritage’s Rachel Greszler says that “The problem with today’s labor market is not that too many people are being laid […]
Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million? In other words, the number of people that are taking money out of the system is far greater than the number of people that […]
Matt Yglesias, now with Vox, finds this chart of ours misleading: He admits that the data is correct and that what it shows—that the federal income tax is highly progressive—is also correct. So what’s the problem? Our chart looks exclusively at federal income taxes in the context of the current debate over whether the rich […]
Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know. It is 86,429,000. That is the number of Americans who in 2012 got up every morning and went to work — in the private sector — and did it week […]
Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015. The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare. “History tells […]
(CNSNews.com) – “The only reason we haven’t been able to get the truth from Lois Lerner is because of one person. And that is our chairman,” Rep. Steve Horsford (D-Nev.) told the House Oversight and Government Reform Committee on Thursday, as the panel considered a contempt of Congress resolution against the former IRS official. “So […]
LOS ANGELES– The overflow from China’s economic high tide is transforming the housing markets of suburban Los Angeles. Affluent Chinese home buyers are driving prices past boom-era peaks, spawning a subset of property brokers and mortgage lenders that cater to their distinct needs — and even dictate design details in new subdivisions. The strongest magnet […]
