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“Whatever you think of the wisdom of Hamilton’s moves, our point is simple and stark: The US government has defaulted in the past.” ~ David R. Henderson and Jeffrey R. Hummel
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“Whatever one thinks about a proportional income tax, the principle of declining marginal significance of income doesn’t justify progressive income tax rates. Neither does it justify progressive mortgage interest rates.” ~ Charles W. Baird
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“After Henry left town, the House of Burgesses expunged the fifth Resolve on the 31st. It only remains with us because it was found in an envelope alongside Henry’s will.” ~ James R. Harrigan
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“Tax season’s sophisticated sleight-of-hand will have most Americans wondering what they’ll buy with their refund, instead of questioning whether they saw results for all the dollars they won’t get back.” ~ Laura Williams
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“The tax code’s complexity has created an environment in which tax-preparation services, lobbyists, favored industries, and politicians thrive, while taxpayers struggle to make sense of ever-changing rules and regulations.” ~ Antony Davies
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“For political reasons, the beefed-up IRS probably will not cause serious trouble until processing 2024 returns in 2025. Unless, that is, taxpayers rebel the only way they still can, via the electoral process, starting with candidate selection.” ~ Robert E. Wright
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“The Biden administration’s goal seems to be to spend lots of money on new unnecessary programs or failing existing programs, and to pay for it with yet more debt and with novel taxes likely to fall more heavily on middle class Americans and small businesses than on big corporations or the rich.” ~ Robert E.…
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“‘Progressive’ taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor.” ~ Brian Balfour
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“Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy.” ~ Nikolai G. Wenzel
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“When it comes to fiscal follies, this time is different. Let’s not pass the buck. Instead, let’s make the necessary sacrifices to ensure the long-run integrity of the United States. Let’s plant the trees.” ~ Alexander William Salter
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“It remains to be seen whether data experts and policymakers will come up with a tax that encapsulates ‘fairness, certainty, convenience, and efficiency’ as Adam Smith argued for, but each idea is worth hearing in today’s data-governed market.” ~ Virginia Fournari & April Liu