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 the value of ordinary Americans’ retirement accounts.
Adam Michel focuses on tax policy and the federal budget as a policy analyst in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
March 6, 2019, 4:11 PM EST
February 15, 2019, 4:15 PM EST
There’s a pervasive myth out there that corporate stock buybacks are a sign of corporate self-indulgence, leaving workers hung out to dry and weakening the American economy.
January 8, 2019, 3:55 PM EST
Depending on who you listen to, the recent proposal by Rep. Alexandria Ocasio-Cortez, D-N.Y., to increase marginal income tax rates to 70 percent is either the craziest thing that has ever been proposed or a sober proposal that does not go far enough.
April 20, 2018, 5:18 PM EDT
President Donald Trump may have spearheaded a large tax cut late last year, but two members of his party apparently prefer that Americans pay more.
April 17, 2018, 4:17 PM EDT
Last month rapper Cardi B asked a slightly more profane version of the same question many Americans ask when they file their taxes.
April 11, 2018, 4:26 PM EDT
If you are looking for some grim reading, try the latest budget and economic outlook for the coming decade from the Congressional Budget Office.
March 23, 2018, 10:03 AM EDT
Fiscal restraint is dead in Washington, and no one seems to care.
March 8, 2018, 3:07 PM EST
Sin taxes of all types have unintended consequences. A new proposal to impose a 50 percent tax on ammunition is no exception.
February 23, 2018, 4:18 PM EST
Americans are now experiencing the benefits of tax reform. Employers are sending less of our paychecks to Washington, millions have received unexpected bonuses, and businesses of all sizes have increased investment in the U.S. economy.
February 15, 2018, 4:25 PM EST
The U.S. fiscal outlook is dire, but don’t blame it on tax reform.
November 17, 2017, 4:14 PM EST
The House has now passed its version of the Tax Cuts and Jobs Act.
November 1, 2017, 10:29 AM EDT
Congress is set to unveil more details of its tax reform proposal this week, and many people fear that the death tax—also known as the estate tax and related gift taxes—will not be fully repealed.
October 23, 2017, 8:49 AM EDT
The Senate passed its fiscal year 2018 budget resolution late Thursday night, paving the way for potentially the most comprehensive tax reform package in decades.
October 10, 2017, 11:18 AM EDT
Since the release of the GOP’s long-awaited tax reform plan, a flurry of commentators have criticized it, saying it is a regressive plan that will raise taxes on a sizable portion of Americans.
September 28, 2017, 9:33 AM EDT
Bold tax reform got a big boost on Wednesday.
April 19, 2017, 9:21 AM EDT
Are you getting your money’s worth?