Budget, Taxation & Economy
NC Income Growth Continues to Outpace National Average Since Tax Reforms
Recent data shows how NC's per capita income continues to outpace the national average.
The Bureau of Economic Analysis
United States federal agency
Budget, Taxation & Economy
Consumer Spending Slows Even as GDP Reverses Six-Month Trend
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance…
Budget, Taxation & Economy
Five Ways the Inflation Reduction Act Harms Americans
The U.S. House and Senate voted along party lines to pass the latest tax and spend bill, “The Inflation Reduction Act of 2022,” (IRA) sending it to President Biden’s desk.…
Liberty
Former President’s Legal Issues Could Trump Biden’s Victory Lap
Naomi Lim of the Washington Examiner assesses the political implications of the recent raid on the last president’s Florida home. Former President Donald Trump’s legal tangles are tripping up President…
Liberty
Democrats Push Plan to Raise Taxes in a Recession
Chris Jacobs of the Federalist ponders Democrats’ latest dubious plan on Capitol Hill. Reports emerged late Wednesday afternoon that Sen. Joe Manchin, D-W.Va., had reached an agreement with Majority Leader…
Budget, Taxation & Economy
US Economy Contracts Again, Harming Poor Most
The U.S. economy shrank at an annual rate of 0.9% in the second quarter of 2022, according to the advance estimate released by the Bureau of Economic Analysis (BEA) this morning. This data…
Liberty
Biden’s Attempt to Redefine ‘Recession’ Labeled Desperate
Editors at the Washington Examiner question the Biden administration’s latest attempt at rewriting economic history. A recession by any other name smells just as stinky. When the stock market wreaks…
Liberty
Biden Team Ignores Recession Fears
Jim Geraghty of National Review Online reports on Biden administration efforts to downplay fears about an economic recession. There are few good ways for a president or his staff to…
Budget, Taxation & Economy
Colorado Workers are Getting Money Back Thanks to a Taxpayer Bill of Rights
Christmas came early this year for Coloradans. Yesterday’s Denver Post read: “single filers will get $400 and joint filers will get $800 this summer in money the state must refund as a…
Liberty
We Need Less, Not More, Welfare
The latest Senate Joint Economic Committee study provides further evidence we should be rolling back, not growing, the welfare state. The report shows that workers are increasingly leaving the labor…
Budget, Taxation & Economy
Big Government, Big Price Tag – Part 3
“Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax. … The thing you should keep your eye on is…
Budget, Taxation & Economy
Unintended consequences of California rent control
Chuck DeVore writes for Forbes about the likely impact of California’s latest rent-control regime. The main reason why California’s poverty rate has remained stubbornly high—proportionately 13% higher than Mississippi’s 16.1%…