The answer may be that Republicans aren’t focused on solving a fiscal problem. They’re focused on solving a political problem ...

Economists are skeptical that tariffs are the best way to achieve the stated goals of reshoring production, reducing the trade deficit, serving as leverage with nations in various negotiations, and ...

The One Big Beautiful Bill Act, Donald Trump ’s signature second-term domestic legislative package, is winding its way ...

Andrew Egger and Mona discuss the BBB, the ‘waste, fraud, and abuse’ chimera, its massive ICE detention funding, and ...

At least, that’s the lesson of their ginormous budget bill, whose Senate passage Tuesday required reinventing the laws of ...

Gov. JB Pritzker's campaign announcement video, used Thursday to detail his run for a third term, boasted about eliminating the state's sales tax on groceries, which is scheduled to take effect Jan. 1 ...

All Johnson, Lawler, and other Republican moderates ask in return is to expand the budget deficit (which is already more than ...

That tax is inflation, and in South Africa, just as with everywhere else, and is a regressive tax in its effects, it hits the poor hardest. Most people think inflation just means prices are going up.

Washington’s proposed Road Usage Charge under House Bill 1921 is being marketed as a forward-thinking solution to declining gas tax revenues. Don’t be fooled: this legislation represents yet ...

The comprehensive tax reform, signed by Gov. Kim Reynolds into law last spring, lowers the individual income tax from its top rate of 5.7% to a single flat rate of 3.8% in 2025. That’s ...

Regressive taxes charge the same tax rate to everyone — regardless of income level. This means that someone earning $40,000 per year would pay the same tax rate as someone earning $400,000 per year.