Downsizing Blog
Democratic Tax Plan Would Corrupt Financial Statements
President Biden and congressional leaders are searching for ways to raise $2 trillion to fund proposed spending increases.
Should the Bankrupt Feds Subsidize Cash‐Flush States?
The infrastructure and entitlement bills pending on Capitol Hill are bad for many reasons.
10 Downsides to the Democratic Spending Plan
President Biden has released a framework for his Build Back Better plan, which he hopes will gain the support of Democrats in the House and Senate.
More Big Government Is Not What Families Need
While the Biden administration’s proposed spending plan is being reduced from the initial—enormous—figure of $3.5 trillion, we could still be facing $1.75 trillion in new spending.
Democrats Rush to Pass Radical Tax Schemes
In their haste to pass massive spending bills and clobber the rich, the Democrats are floating some radical tax schemes.
The “Build Back Better” Childcare Disaster
The Democrats’ “Build Back Better” proposals for childcare represent a disastrous step in the ongoing government takeover of the sector - raising care costs, creating dependence, and instilling incentives against work and earning more income along the way.
The Supply Chain Crisis Doesn’t Demand More Federal Infrastructure Spending
Although most of the discussion surrounding current U.S. port and supply chain bottlenecks has focused on the economy and Americans’ holiday shopping plans, some are using the situation to sell the $1 trillion bipartisan infrastructure package now before Congress.
America in Debt Damage Zone
Federal government debt is rising rapidly.
Tax Rates on the Rich
All standard data sources show that the federal tax system is highly “progressive” or graduated, meaning that top earners pay much higher tax rates than people in the middle or at the bottom.
Federal Tax Revenues Soar
New data from the Congressional Budget Office show that federal tax revenues are soaring.