Downsizing Blog
Democrats Rush to Pass Radical Tax Schemes
In their haste to pass massive spending bills and clobber the rich, the Democrats are floating some radical tax schemes.
The “Build Back Better” Childcare Disaster
The Democrats’ “Build Back Better” proposals for childcare represent a disastrous step in the ongoing government takeover of the sector - raising care costs, creating dependence, and instilling incentives against work and earning more income along the way.
The Supply Chain Crisis Doesn’t Demand More Federal Infrastructure Spending
Although most of the discussion surrounding current U.S. port and supply chain bottlenecks has focused on the economy and Americans’ holiday shopping plans, some are using the situation to sell the $1 trillion bipartisan infrastructure package now before Congress.
America in Debt Damage Zone
Federal government debt is rising rapidly.
Tax Rates on the Rich
All standard data sources show that the federal tax system is highly “progressive” or graduated, meaning that top earners pay much higher tax rates than people in the middle or at the bottom.
Federal Tax Revenues Soar
New data from the Congressional Budget Office show that federal tax revenues are soaring.
Rising Debt against the Children
Federal government debt is rising as politicians increase spending faster than tax revenues are coming in the door.
Capital Gains Taxes and the Democrats
President Biden and congressional Democrats are pushing to raise capital gains taxes.
The Debt Ceiling Kabuki
If there’s one thing we know about the looming debt limit crunch and the warnings about the dire consequences of default, it’s this: The government is not going to default.
10 Reasons to Oppose a Corporate Tax Increase
To fund spending increases, President Biden and the Democrats are proposing to raise corporate income taxes.