An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.
Economic Policy
Posted inPolitics
The Meaning of Trump’s Working-Class ‘Buyer’s Remorse’
Trump voters are rejecting Republicans in large numbers. But they’re not coming back to Democrats yet.
Posted inEconomic Policy
More States Are Taxing the Ultra-Rich—Washington Is the Latest
As inequality grows, states are stepping up where the federal government hasn’t. ‘It’s a movement,’ says Patriotic Millionaires’ Chuck Collins.
Posted inEconomic Policy
Democratic Presidential Contenders Have a New Idea: Tax Cuts
Chris Van Hollen and Cory Booker argue that middle-class households are paying too much in federal income taxes.
Posted inAmerica and the World
Canada Fighting Different Wars on Two Fronts
Prime Minister Mark Carney has expressed support for and shunned participation in the Iran war, bringing a new dimension to already contentious USMCA review talks.
Posted inEconomic Policy
Iran War Exposes America’s Unfixed Supply Chains
We have a trillion-dollar military without enough bombs to fight for more than a week, and none of the critical components needed to make more.
Posted inEnergy and the Environment
Donald Trump, Oil Market Obliterator
Most presidents can’t be directly blamed for gas prices going up. This one is the exception.
Posted inEconomic Policy
Trump’s Fed Regulators Rewrite the History of the Silicon Valley Bank Collapse
Before every financial crisis, there is a concerted effort to argue that this time is different.
Posted inTechnology
Hollow Promises in Ohio’s Silicon Heartland
As tech companies gain more ground, residents pay the price for the state’s data center boom.