As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: “Kudlow Contradicts Trump on Tariffs.” The story began: “National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration’s tariffs on Chinese imports, […]
The House is putting to a vote this week a bill that would threaten the health coverage of 1.5 million people. H.R. 987 would overturn a Trump administration regulatory relief policy, while wastefully allocating new taxpayer money to programs proven to fail. The bill would block the Trump administration’s relief efforts that help consumers access […]
(CNSNews.com) – The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019 (October through April), setting an all-time record for real federal spending in the first seven months of a fiscal year, according to data published in the Monthly Treasury Statements. Prior to this fiscal year, the most that the federal government […]
House appropriators have now released their budget top lines for every government agency, and their number for the Department of Defense shows they acknowledge the defense budget needs an increase. But that increase still isn’t enough, as it falls short of the president’s budget request and of what the military needs to continue its rebuild. […]
More Americans say their financial situation has improved since President Donald Trump took office, and fewer low-income Americans report that they are “struggling” to make ends meet, a new Monmouth University Poll finds. The national survey of 801 American adults (18 and older), conducted April 11-15, 2019, asked: “Thinking about your current financial situation, would […]
It should come as no surprise most Americans saw a lower federal tax burden following the Tax Cuts and Jobs Act (TCJA). Tax Foundation data reveals 80 percent of filers saw a substantially lower federal tax liability following federal tax reform – and only 5 percent of filers saw a significantly higher tax liability. The […]
The Department of Housing and Urban Development (HUD), led by Secretary Ben Carson, is reportedly drafting a rule to force illegal aliens from living in taxpayer-subsidized public housing. Currently, Section 214 of the Housing and Community Development Act allows illegal aliens to reside in public housing if they are living with relatives who are eligible […]
There are some fortunate people (in the Cayman Islands, Bermuda, Monaco, Vanuatu, Antigua and Barbuda, and a few other places) who don’t have to pay income taxes. The United States used to be in that lucky club. The income tax did not become a permanent blight upon the nation until 1913 (there was a temporary income tax during […]
BY AIMEE PICCHI APRIL 15, 2019 / 2:46 PM / MONEYWATCH Tax day, the final day to file a tax return for 2018 without an extension, has left many taxpayers scratching their heads about the “massive tax cuts” promised by President Donald Trump. Although experts say two-thirds of Americans got such a reduction, most taxpayers say […]
Capitalism did not cause the Great Depression. The Great Depression was something that the government did to capitalism. (The great Recession, too.) We had the Federal Reserve and monetary experts running the system under the belief that we need to maintain a stable value of money. This was achieved by keeping consumer product prices stable. […]
