Commentary On Tax Day this year, about a dozen left-wing millionaires joined with some of the most liberal Democrats in Congress for a Washington, D.C., press conference. The luminaries included Abigail Disney, Walt Disney’s granddaughter, and former BlackRock whiz kid Morris Pearl. The group argued that it wants to pay more taxes and urged new…
How Enormous Boost in IRS Funding Is Warping Tax Agency’s Priorities
Commentary The IRS released its strategic operating plan on April 6, describing its intentions for spending the nearly $80 billion of supplemental funding it’s receiving under the so-called Inflation Reduction Act. The report was 48 days late beyond the Feb. 17 deadline the IRS was given and only included funding and staffing details for two of the required nine…
Death Taxes Are Immoral—Even Worse, They Don’t Work
Commentary “I have no respect for the passion of equality,” Oliver Wendell Holmes Jr., one of America’s great jurists, once declared, “which seems to me merely idealizing envy.” But envy, and its sister vice, greed, are very much back in fashion today when it comes to the progressive Left. Just listen to President Joe Biden,…
In California, ‘Tax the Rich’ No Longer Just a Slogan
February 21, 2023
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Commentary At New York’s Met Gala last year, Alexandria Ocasio-Cortez infamously wore a white gown with “Tax the Rich” emblazoned in red across it. The irony that she wore it at an event not open to the common people she purports to represent, and that she started selling “tax the rich” sweatshirts on her website…
Is the Fair Tax Fair?
Commentary Rep. Earl Carter (R-Ga.) introduced a new tax proposal called the “fair tax.” Predictably, Democrats politicized the proposal. Sen. Catherine Masto (D-Nev.), for example, posted a typically uninformed statement on Twitter: “On average, Nevadans are paying nearly $6 for a carton of eggs. If House Republicans passed their 30 percent national sales tax proposal, our families…
States Raising Taxes on the Rich Should Expect a Line at the Exit
Commentary It’s an old aphorism that if you tax something, you get less of it. Seven states are at risk of finding out exactly how that truism applies to wealth tax legislation introduced in each should their proposed taxes become law. On Thursday, Jan. 19, seven states—California, Connecticut, Hawaii, Illinois, Maryland, New York, and Washington—rolled…
It’s Official: Trump’s Tax Cuts Paid for Themselves
Commentary How many times have you heard President Joe Biden or Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) berate the Trump tax cuts as “a giveaway to the rich”? Biden and congressional Democrats now want to let expire major planks of the Tax Cuts and Jobs Act of 2017, former President Donald Trump’s signature…
Say No to the VAT
January 18, 2023
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Commentary Last week, a light appeared on the dark horizon. It seemed like some Republicans were getting serious about reforms we need to save the country from a pillaging ruling class that has been stealing everything not nailed down. It seemed like perhaps some wise people were thinking about radical and dramatic reform to restore…
New IRS Requirement Raises Questions About Vow to Expand Audits Only on ‘Rich’
December 28, 2022
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Commentary Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out. Under the American Rescue Plan, third-party payment facilitators like Venmo, eBay, Etsy, and Airbnb are now required to send Form 1099-Ks…
Congressional Lame Duck Quackery
December 6, 2022
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Commentary There is little Republicans and Democrats in Congress agree on these days, but spending (and borrowing) money is as nonpartisan as it gets. House Democrats apparently have decided to leave their majority with a spending spree. They’ll do it the way they usually do. In a script familiar to an extortionist and to the…
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