Since New York gets such a raw deal from federal fiscal relations, New York politicians should be the ones trying to revive federalism by shrinking federal spending and transferring activities back to the states.
Politicians and pundits are claiming that technology companies such as Amazon, Google, and Microsoft are damaging monopolies. A decent understanding of the dynamism in U.S. economic history reveals why aggressive antitrust policy makes no sense.
The liberal tax group ITEP has a new study suggesting that many large corporations did not pay income taxes in 2018. Low corporate income taxes may seem like a scandal, but we should eliminate these taxes altogether. Corporate taxes ultimately land on individuals as workers, shareholders, and consumers, and in today’s global economy economists think that corporate taxes land mainly on workers.
As millions of Americans travel to meet their families for Thanksgiving, airports will be crowded, flights will be delayed, and travelers will get stuck in long security lines. To meet growing passenger demands and improve the public’s flying experience, policymakers should adopt the best practices of 21st century aviation, including privatizing security screening, airports, and air traffic control.