Newsletter

  • Are Deficit Hawks Dead or Just Playing Possum?

    “The deficits hawks are dead,” declared Paul Kane, The Washington Post’s senior congressional correspondent and columnist, in a piece over the weekend. It’s easy to see why Kane says that, and there’...

  • White House economic adviser Larry Kudlow speaks during a meeting of the Economic Club of New York in New York

    Kudlow: ‘I Don’t Buy’ That Tax Cuts Boosted Deficit

    Larry Kudlow is at it again. Speaking at the Economic Club of New York, the top economic adviser to President Trump said that, while the administration is looking to cut federal spending — including...

  • A 3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

    Why Trillions in Offshore Profits May Stay Offshore

    The tax law that went into effect this year imposed a one-time, reduced tax on profits held overseas by U.S. companies. The tax holiday was designed to encourage corporations to bring money home, to...

  • Chart of the Day: Evolving Price of the F-35

    The 2019 National Defense Authorization Act signed in August included 77 F-35 Lightning II jets for the Defense Department, but Congress decided to bump up that number in the defense spending bill...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    Tax Cuts Put the Brakes on Bracket Creep

    Receipts from individual income taxes tend to rise every year due to what economists call “bracket creep” – the movement of more taxpayers into higher tax brackets over time, even as tax rates stay...