Representative David Jolly (R-Fla.) has proposed an “Alternative Maximum Tax” limiting any non-corporate taxpayer’s total tax payment — including federal, state, and local taxes — to 50 percent of adjusted gross income. But why not establish a 5 percent “Alternative Maximum Tax,” until such time as the income tax is abolished entirely?
The drop in the deficit, which the Obama administration is taking credit for, is temporary and will do little to keep the official national debt from shortly reaching $25 trillion.
Spending is not our basic problem. We've become an immoral people demanding that Congress forcibly use one American to serve the purposes of another.
The rising opposition in Congress to renewal of the charter for the Export-Import Bank from Tea Party congressmen has spawned an all-out effort by crony capitalist lobbyists in organizations such as the U.S. Chamber of Commerce.
When comparing Texas and California to decide where to locate a company or family, in just about every category the advantage goes to Texas.
The law of supply and demand continues to confound the experts who predicted higher — and then even higher — gas prices.
The trite joke used to be that right-wing zealots would look for communists under the bed. A pair of political commentators writing at Bloomberg.com apparently can find them at the Cato Institute.
The global establishment is increasingly pushing the notion of what it calls a “cashless society” — a world in which all payments and transactions would be conducted electronically, creating a permanent record for governments to inspect and track at will.
Unfettered government and crony capitalism, not unfettered markets, are the cause of our current economic problems.
The release of a devastating report from the Center for Immigration Studies is not good news for supporters of immigration reform.