By: The Editorial Board – wsj.com – January 24, 2023 The taxes are branded as levies on wealth, but they vary in form. Some resemble Sen. Elizabeth Warren’s outline from 2021 and would cut out a slice from large asset holdings each year regardless of whether they grew in value. That includes California, which would take 1% a year from...

San Francisco shows why racial reparations is a terrible idea. If one considers the taxpayers of San Francisco, who will actually foot the bill for this, the case for saddling them with financial responsibility for American slavery — or even more recent injustices — becomes even more ridiculous.

President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings.

By: Jeb Hensarling – wsj.com – January 17, 2023 Over the past 50 years there have been numerous congressional efforts to reduce budget deficits. Most clearly failed, although some, such as the Clinton-Gingrich agreement of 1997 and the Budget Control Act of 2011, achieved noteworthy savings in their day. Even successful agreements had only marginal effects on long-term national debt. Why? Because...

By: The Editorial Board – wsj.com – January 11, 2022 Gov. Gavin Newsom last year touted a $100 billion budget surplus as evidence of California’s progressive superiority. He was less triumphant Tuesday when announcing a $22.5 billion deficit in the coming year, a contrast to Texas’s record $32.7 billion surplus. Give Mr. Newsom partial credit for acknowledging that the state’s...

For years, the only supermarket serving the Pine Ridge Indian Reservation in southwest South Dakota was run-down and a threat to public health. Inspectors from the Indian Health Service repeatedly cited its distant corporate owners for food safety violations, such as mixing rotten hamburger with fresh meat and repackaging it for sale. So leaders of […]

By: The Editorial Board – wsj.com – December 30, 2023 The Ways and Means Committee released Mr. Trump’s individual and business filings from 2015 to 2020. The release caps Chairman Richard Neal’s yearslong campaign, which he claims is meant to expose the Internal Revenue Service for slow-footing mandatory audits of the President. “Our review found that under the prior Administration,...

The most galling thing about the omnibus is that more than $400 million is dished out to American allies to assist them in their “border security.”

Congress just passed a $1.7 trillion (that is trillion with a T) budget that President Biden has signed. Those who voted for it claimed it was a Christmas gift to the American people, when in actuality it was a stocking full of coal (and most people had not even been naughty in 2022).

The $600 payment rule is postponed for a year, after a public uproar.