Commentary: Bernie Will Confiscate Your Money, But Fortunately Not Your Guns

Vermont’s Socialist Senator and top-tier Democratic presidential candidate Bernie Sanders is one of the true disruptors in American politics. His unconventional ideas defy easy categorization as he campaigns around the country on his own idiosyncratic brand of Democratic Socialism.

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Commentary: Tariff Hawks Got It All Wrong When They Predicted ‘Another Great Depression’ from Trump’s America-First Trade Policies

Donald Trump

by Robert Romano   In 2016, when President Donald Trump ran on his America first trade agenda, much of the conventional wisdom was that, if implemented, his tariffs would wreck the U.S. economy. It would have the same impact as the 1930 Smoot-Hawley Act, and so the prediction goes, lead to…

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Federal Regulations Amount to a $15,000 ‘Hidden Tax’ on Families, Report Finds

by Michael Bastasch   The federal regulatory apparatus imposed a roughly $14,600 “hidden tax” on American households last year, according to a new report by the Competitive Enterprise Institute (CEI). “That amounts to 20 percent of the average pretax income of $73,573, and 24 percent of the average expenditure budget…

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Conference Committees Meet to Hash Out Tax, Spending Increases in Minnesota Budgets

by Bethany Blankley   With 17 days to go before the end of session, legislative conference committees began meeting Friday to hash out differing proposals for three of the most contentious omnibus bills yet to be voted on by the full Legislature. The Omnibus tax bill, Omnibus Health and Human Services…

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Conference Committees Meet to Hash Out Tax, Spending Increases in Minnesota Budgets

by Bethany Blankley   With 17 days to go before the end of session, legislative conference committees began meeting Friday to hash out differing proposals for three of the most contentious omnibus bills yet to be voted on by the full Legislature. The Omnibus tax bill, Omnibus Health and Human Services…

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Minnesota Dept. of Revenue: Walz Tax Proposals Would Hurt the Poor Most

  A new analysis from Gov. Tim Walz’s own Department of Revenue shows that his tax proposals would hurt the poorest Minnesotans the most. The Tax Research Division of the Minnesota Department of Revenue released its tax incidence analysis Tuesday, and looked at the combined changes that would be made…

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Lawmakers Eye a Huge Backdoor Spending Increase

US Capitol

by David Ditch   Members of Congress are promoting the concept of changing three programs from the discretionary category (requiring annual appropriations) into mandatory (auto-pilot) spending. Such changes would become a huge backdoor spending increase. Spending limits have come under relentless attack from both parties. In 2013, 2015, and 2018,…

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Former California GOP Chairman Lists Nine Ways America Is Moving Towards Socialism

by Nick Givas   Former California GOP Chairman Tom Del Beccaro listed nine ways in which America is moving towards socialism during an appearance on “Fox & Friends” Monday. Del Beccaro said increased government spending and inflated tax codes are just the beginning and claimed they’ll have a domino effect on…

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Rick Manning Commentary: President Trump Versus Washington’s Spending and the Constituencies Who Fight for Them

by Rick Manning   In Washington, D.C., every spending program and tax break has a constituency that fights for it.  This is why they exist, because somewhere, someone believes that Warren Buffett needs a wind production tax credit, and that opera programming should be taxpayer funded. These constituencies are tightly…

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Analysis: Social Security Taxes and the ‘Gig Economy’

by Edward Ring   It is fashionable to refer to the job market of the future as “the gig economy.” In this enlightened, technology enabled wonderland, everyone will be free to balance work and leisure as they see fit. When they want to earn more money, they get online, find a…

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Macron Bails on Climate Summit as France Melts Down Over High Gas Taxes

by Chris White   French President Emmanuel Macron made his way back to France Sunday as protesters turn the streets of Paris upside down over sky-high gas taxes designed to fight global warming. Officials are considering declaring a state of emergency to deal with the unrest. Macron returned from his trip in…

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Minnesota Ranked As the Least Tax-Friendly State In the Country

Minnesota was recently ranked as the least tax-friendly state in the country, beating out both California and New York for the top spot on the list. According to Kiplinger, a D.C.-based financial outlet, Minnesota’s “income tax rate of 5.35 percent” earned it the title of “least tax-friendly” state on the…

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House Votes Overwhelmingly To Kill Obamacare’s Tax On Medical Devices

Obamacare

by Julia Cohen   A bipartisan majority in the House voted to repeal President Barack Obama’s 2.3 percent medical device tax Tuesday. The repeal passed 283-132, with 57 Democrats and all but one Republican voting in favor. North Carolina Republican Rep. Walter Jones was the sole Republican against the bill. “Minnesota’s innovators can breathe…

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Republicans Unveil Tax Cuts Round Two On The Same Day Progressives Release Plan For Tax Increases

Steve Scalise

by Julia Cohen   House Republicans announced they are working on a second iteration of tax cuts on Tuesday, the same day the Congressional Progressive Caucus announced a proposal for raising taxes. “The tax cuts have been working incredibly well to get this economy moving, to create more jobs, to…

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Just Facts Think Tank President: The True Effects of Regulations on the Economy

by James D. Agresti   In a New York Times article about President Trump scaling back regulations, reporters Binyamin Appelbaum and Jim Tankersley report “there is little historical evidence tying regulation levels to” economic growth. They support this sweeping claim only with a quote from Jared Bernstein, a former chief economic adviser to…

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