🚨 NEW 🚨 - The Administration’s new student debt cancellation plan could cost $𝟐𝟓𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 $𝟕𝟓𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 over a decade.

Via CRFB.org

crfb.org/blogs/student-…

It's here and it's beautiful. #WarOnPrices

You can pre-order your copy today.

amazon.com/War-Prices-Pop…

My other favorites to federally defund are public housing, K-12, urban transit, food stamps, farm subsidies, ... Actually, all the cuts should be pursued, and they will have to be pursued as the government's fiscal crisis deepens in coming years.

New poll shows Iowans 2-to-1 support Gov Kim Reynolds' idea to abolish state individual income tax. The legislature has large GOP majorities. Idiotic Newsweek headline on the story from Boston-based reporter: 'Democrats Reject Plan to Cut Income Tax.' newsweek.com/democrats-reje…

It is often claimed that the rich need to pay their fair share in taxes. New data show that the top 10% already pay three-quarters of US income taxes. Is that enough? cato.org/blog/tax-basic… #CatoEcon

This is the libertarian moment

It's Tax Day, and automatic withholding has distorted its meaning.
Congress should stop conscripting employers as tax collectors.
It certainly shouldn't automate tax filing further.
New from me National Review
nationalreview.com/2024/04/its-ti…
Cato Institute

Look at the toxic fiscal stew the genius politicians in Washington have stirred up for us. From the Wall Street Journal: the explosive growth of government debt and the escalating interest rate on it. Yeah bipartisan team of big spenders!

#ARGWatch 🇦🇷: Since the start of his presidency, Pres. Milei has run away from his promise of dollarization.

Javier Milei needs to STOP RUNNING and DOLLARIZE, otherwise he is TOAST.

Contrary to Milei’s rhetoric, dollarization is FEASIBLE NOW.

After five rounds and 31,000 online votes, the public has chosen the most wasteful federal program. The energy subsidies and tax breaks in the Inflation Reduction Act win Spending Madness 2024! cato.org/blog/energy-su…

Dear friends, after 5 rounds of voting, 31 matchups, and around 33K votes, you’ve crowned our #SpendingMadness 2024 champion:

🏆Inflation Reduction Act Subsidies🏆

Learn why, after 33K votes, the Inflation Reduction Act was voted the worst spending policy in the US:…

36 policies entered; now only 2 remain. It's the underdog 8-seed ACA Premium Subsidies for (very) high earners versus the goliath 1-seed IRA in the epic Cato Institute #SpendingMadness Championship matchup:

Vote now: cato.org/2024-spending-…

The US has committed about $114 billion for Ukraine-related emergency funding. Should Congress provide additional emergency funding, Ukraine aid plus interest could top $240 billion. Congress should offset domestic and foreign emergency spending. 🧵
debtdispatch.substack.com/p/the-high-cos…

Biden hands out $1 trillion in corporate welfare, and then sends Yellen to China to argue that Chinese corporate welfare is unfair and distortionary. france24.com/en/live-news/2…

Look at how much of the Illinois state budget is gobbled up by employee pensions, $10.1 billion of $53 billion. capitolnewsillinois.com/NEWS/pritzker-…

It's insanity. What is the political explanation of why city after city keeps falling for such waste? The lure of federal money? The lure of making a permanent mark on a cityscape by big-ego politicians? The lure of central planning set in concrete?

Biden has increased corporate welfare through the tax code 92% cato.org/multimedia/med…

The solution for affordable housing is local deregulation and property tax cuts for apartment buildings – not federal subsidies. buff.ly/4cvqcfv #CatoEcon

Yesterday, Missouri voters rejected a sales tax increase to fund stadiums for the Kansas City Royals and Chiefs. 58% voted no.

Finally. Voters are wising up? Great.

Taxpayers shouldn't fund tycoons’ sports teams. Let them pay their own way:

President Biden signed into law three massive bills handing out hundreds of billions of dollars of narrow tax breaks and spending subsidies to big corporations. It is the biggest gusher of corporate welfare ever. buff.ly/43Cn9hu #CatoEcon