The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
Probably because Greg Flynn, who operates 24 of the bakery cafes in California, is a longtime friend of Gov. Gavin Newsom.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
The reality raises questions about the kind of future we want to leave for the next generation.
That's bad news for Americans.
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Boosting minimum wages often increases unemployment and raises prices.
"These policies are motivated by good intentions. But that doesn't mean that the consequences of these policies will turn out well."
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
The average working woman in 2023 earns enough money to buy a Barbie doll every 33 minutes. In 1959, it took nearly two hours.
The Labor Department is officially undoing changes made to help combat inflation in the 1980s.
The proposal would raise the federal minimum wage by 134 percent.
Plus: Should libertarians consider employing noble lies when pitching themselves to new potential voters?
The ideology champions the same tired policies that big government types predictably propose whenever they see something they don't like.
Not only is that claim factually incorrect, but it's also wrong to be so pessimistic about young people's economic future.
The time and money spent on college can often be used more productively.
California’s experience combatting wage theft has been a headache for employers without much in the way of restitution for workers.
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Excessive government interference in the market hurts consumers and thwarts policy goals. It also gets in the way of the government itself.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Plus: "Flipping the proverbial bird is a God-given" right, administrative state abuses, and more...
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
A coming crackdown on $1.6 billion in unreported tips will continue the IRS' long and ugly history of targeting low-income Americans.
Some people would benefit. Others would lose money or be rendered unemployable.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
Government should not penalize investment, thwart competition, discourage innovation and work, or obstruct production.
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
Just as you don't attract bees with vinegar, you don't attract corporations by promising to tax them heavily.
Despite a few encouraging analyses, the numbers just don't add up.
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
Despite the recent win against Amazon and Joe Biden's full backing, Big Labor is fading because workers are making progress without unions.
It’s great when innovations let us work less, but top-down, inflexible government demands are not the way to get there.
Certain politicians would do well to learn that inflation is not caused by corporate "greed."
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
Both Republicans and Democrats want to address poverty with big government.
Phony outrage is used to deflect from bad policy decisions.
High inflation can harm low-income families. Immigration, not so much.
Growing evidence confirms that barriers to immigration make us all worse off.
Governments at the state, local, and federal levels can obstruct our pursuit of happiness and at times even jeopardize our safety.
States that already had lower unemployment rates in May are more likely to have announced plans for ending the bonus unemployment payments.
The economy is broadly healthy and that it's benefiting nearly everyone—including the lower-income households who need it most.
Workers say they've had their hours cut and lost other benefits, such as health insurance. If only someone could have predicted that.
The reason: Immigrants help increase labor demand as well as labor supply.