With the City of Detroit heading toward bankruptcy, The Hill reports that Mayor Dave Bing has signed a $330,000 contract with a Washington lobbying firm to help the city grab more money from federal taxpayers. At the same time, Rep. Hansen Clarke (D-MI) wants up to a $1 billion in “emergency aid” (i.e., bailout) for Detroit from Uncle Sam.
Andrew Sullivan cited an op-ed of mine last week regarding the complexity of the tax code.
I happened to hear some of the comments by United Nations Secretary General Ban Ki-moon in Washington today. The comments regarded the Secretary General’s “Sustainable Energy for All” initiative.
House Budget Committee chairman Paul Ryan (R-WI) and Speaker John Boehner (R-OH) are pushing back against criticism from the U.S. Conference of Catholic Bishops over the GOP’s proposed cuts to domestic spending programs. They should.
An article in the Wall Street Journal offers another example of the problem with the federal government tackling issues that should be left to the states to resolve. Congress passed a law in 1977 requiring coal companies to pay a fee that was to be used to help the states clean up abandoned mines. As is often the case, the distribution of funds to the states has been distorted by politics:
The Tax Foundation reported that Tuesday was Tax Freedom Day (TFD), which is the day that Americans stop “working for the government” through their tax payments and start working for themselves.
This morning I discussed rural America's resistance to downsizing the U.S. Postal Service with Stuart Varney on the Fox Business Channel:
In recent weeks President Obama has been on a quixotic search-and-destroy mission for the few remaining millionaires who aren’t already paying a huge pile of taxes. Meanwhile, the rest of us face the real-world struggles of filing our IRS returns and dealing with the hugely complex tax system that the president has done nothing to fix.
A new policy paper from my colleague Michael Tanner analyzes the growth in the American welfare state and concludes that “throwing money at the problem has neither reduced poverty nor made the poor self-sufficient.” Michael makes an important point that—in my experience—most journalists don’t seem to appreciate: