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Tuesday, July 5, 2022

Maryland Democrats Advance Tax Hikes And Expensive Education Plan Despite Coronavirus Pandemic

March 14, 2020 9:00 PM ET Maryland Democrats advanced tax increases and a multi-billion dollar education bill Saturday as the public is barred from the statehouse and the legislative session is expected to end early due to the coronavirus.  The Maryland Senate gave preliminary approval Saturday to an education plan that would cost $4 billion…

Government Spending Now “Unsustainable”

The US federal government ran a budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012 — in the midst of the Great Recession.The budget shortfall from January through December totaled $1.02 trillion, according to the latest report issued by the…

WILFORD: The World Is A Better Place In 2020 Thanks To Conservative Economic Policies

January 03, 2020 5:00 PM ET The world continues to get better, but people consistently believe that it’s getting worse. Nearly 90 percent of respondents in a 2016 poll thought that global poverty had increased or stayed the same in recent decades, while just 1 percent correctly answered that global poverty had fallen more than…

Billionaires Are Spending Their Holidays On Super Yachts Parked Off St. Maarten

What do you do for the holidays when you're a billionaire? You spend it off shore celebrating on one of the world's largest yachts, obviously. Chelsea FC owner Roman Abramovich's yacht, Eclipse, is in St. Maarten surrounded by about 50 other superyachts, according to Bloomberg. The number of yachts parked off the island has now swelled…

WILFORD: There’s Nothing Wrong With Amazon’s ‘Zero-Tax’ Bill

November 21, 2019 5:00 PM ET Yet again, Amazon is back in the news for its tax bill. Presidential candidate Sen. Bernie Sanders this week amplified the claim about Amazon’s tax bill, despite no new tax data actually emerging. The implication is that Amazon is using swampy connections and special carve-outs to get away with…

Government Spending Money, Running Up Debt at Unfathomable Rate

The US government is spending money and running up debt at an unfathomable rate.The US national debt increased by a staggering $814 billion in just two months. When confronted with this reality, most people just shrug. Policymakers certainly don’t care. They continue to ramp up spending and call for even more. Paul Krugman recently tweeted that we…

WILFORD: No, The Rich Don’t Pay Fewer Taxes Than The Rest Of Us

October 09, 2019 5:30 PM ET A common refrain on the left is that lower- and middle-class Americans shoulder the majority of the tax burden in this country, while the ultra-rich skate by paying far less than their “fair share.” Economists Emmanuel Saez and Gabriel Zucman have even dropped a new book, “The Triumph of…

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