The U.S. tax code is a tangled mass of complexity, containing more than 4 million words. The immense difficulty in navigating such a document creates endless loopholes and opportunities for abuse by well-connected insiders, while at the same time distorting investment decisions and hindering economic growth. It’s time to scrap the code and replace it with one that is low, flat, fair and honest. Ultimately, all Americans should be able to file their taxes on a form the size of a postcard.
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Sen. Elizabeth Warren made another pitch for her “2 cents” wealth tax plan during the fifth Democratic debate in Atlanta on Wednesday night, this time with the added bonus that it would help “build an America that works for the people, not just rich folks.”
President Trump launched an initiative called Black Voices for Trump with a speech in Atlanta Friday to recruit and engage the black community. I am proud to be one of the founding members of the group.
Earlier this week, Sen. Rand Paul (R-Ky.) appeared on ABC’s The View to talk about his new book, The Case Against Socialism. During the interview, Paul remarked that the “[m]ost people [who earn] below $50,000 don’t pay any income tax.” He added that the top 1 percent of income earners pay 40 percent of income taxes.
The latest Census Bureau Current Population Survey data now show that middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017. Median household income has now reached $65,976 – an all-time high and up more than 8 percent in 2019 dollars under the Trump presidency.
WASHINGTON, D.C. -- In his Fox News opinion piece, Steve Moore, FreedomWorks Senior Economic Contributor highlighted a recent Sentier Research report that shows dramatic increases in middle-class incomes since President Trump assumed office in January, 2017.
President Trump’s critics can’t deny that the economy is doing well, so instead they insist all the benefits have gone to the rich and large corporations. “America’s middle class is under attack,” Sen. Elizabeth Warren asserted in her presidential campaign announcement last December.
WASHINGTON, D.C. -- In response to the report that a record 157,878,000 Americans were employed in the month of August, an increase of 590,000 from July, Steve Moore, FreedomWorks Senior Economic Contributor, commented:
The moderators of Wednesday night’s Democratic presidential debate opened up with a simple statistic -- 72 percent of Americans believe the economy is going well.
