MIAMI — Florida once again is getting a hefty bonus from federal officials for “saving” taxpayers money. This year, the state’s Department of Children and Families misspent $47.8 million in food stamp benefits. However. that’s out of almost $6 billion the federal government gave to Florida. So, Florida’s error rate of .81 percent is the […]
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. My purpose in writing has been 1) to point out that there is a trade-off: the bigger the CTC expansion, the less we can cut the more economically harmful taxes […]
By Rick Newman Daily Ticker Here are two problems with the U.S. economy that reinforce each other: Employers aren’t creating enough jobs, and big companies increasingly seek tax advantages by relocating overseas. A new study suggests there may be one solution to both problems: Cut the corporate tax rate by a sizable margin. Republicans and […]
The problem with writing a book about President Obama’s lawlessness, as I have just done in Faithless Execution (which will officially be published Tuesday), is that eventually the author has to stop writing so the book can be printed. The administration’s illegal conduct, by contrast, rolls right along — so by the time the book comes out, […]
What’s worse than using taxpayer money for special interests and cronyism? Maybe sending taxpayer money to nations that aren’t the best friends of the United States. The Export-Import Bank does both. It loans money to foreign companies and governments to buy products from politically favored American companies. Hard-working Americans are backing these loans. This map […]
Half the residents of Illinois (50%), Connecticut (49%) and Maryland (47%) would flee their state if they had the chance, a new Gallup Poll show. Residents of these states are also the most likely to leave, and Gallup attributes three factors: State taxes State Government Quality of Life “Nevada, Illinois, Maryland, Louisiana, Mississippi, New York, […]
Kansas is 24th state to adopt private school choice. (Photo: Getty Images) School choice is blossoming in the Sunflower State this spring. Last week, Governor Sam Brownback (R) signed into law Kansas’ first school choice scholarship program—making it the 24th state to adopt private school choice. Corporations that contribute to scholarship-granting organizations (which provide vouchers […]
Earnest moralists lament Americans’ distrust of government. What really is regrettable is that government does much to earn distrust, as Terry Dehko, 70, and his daughter Sandy Thomas, 41, understand. Terry, who came to Michigan from Iraq in 1970, soon did what immigrants often do: He went into business, buying Schott’s Supermarket in Fraser, Mich., […]
As with many federal accounts, the Highway Trust Fund is running on empty. Refilled with the 18.4-cent per gallon gas tax and disbursed by politicians and bureaucrats in Washington, the federal highway fund faces a $63 billion shortfall through 2018. Texas gets $2-3 billion per year from the fund which goes towards the roughly $7 […]
Photo: Alex Grimm/Getty Images Americans have always enjoyed the privilege of living abroad without losing citizenship. Think Hemingway and Fitzgerald decamping to write in Europe after World War I, or Gen. MacArthur spending decades in Asia around World War II. Expatriates remain Americans, and have generally been welcomed back to our shores with open arms. […]
