Downsizing Blog
Words in Biden’s Budget
The Biden administration on Monday released its budget for 2023.
Corporate Tax Revenues Soar
President Biden’s proposed budget for 2023 released Monday reveals strong growth in federal tax revenues.
Biden’s Budget Deficits
The Biden administration has released its federal budget for 2023.
Biden Bulldozes Billionaires with New Tax
As part of its 2023 federal budget released today, the Biden administration is proposing a new 20 percent minimum tax on households with a net worth more than $100 million.
Waste, Fraud, and Abuse
Waste, fraud, and abuse are inevitable in trillion-dollar programs.
Federal Debt and Unfunded Entitlement Promises
Biden’s budget‐busting Build Back Better plan has been beaten back, but federal finances are still badly broken.
Industrial Policy Fails Another (Rapid) Test
It was good to see President Biden finally acknowledge yesterday what anyone in America with a school‐age child, job in a front‐facing industry, or overseas travel plans has known for months: U.S. policy regarding COVID-19 testing has been a piping hot mess.
State Spending Soars
In 2020, many reporters and analysts portrayed state and local governments as facing doom‐and‐gloom with falling revenues and slashed services. I didn’t buy the grim narrative.
Amtrak Slower Than Buses on Many Routes
My daughters have gone to college in Pittsburgh and Poughkeepsie, NY. As they will be traveling back and forth to D.C., we have compared transportation options.
Can Taxing Cryptocurrencies Really Add $28 Billion to the Budget?
Cryptocurrencies came under fire this fall when Congress identified the nascent industry as an opportunity to raise tax revenue.