Around 70 percent of the benefit from repealing the federal cap on state and local tax (SALT) deductions would go to households making $500,000 or more per year, while just 1 percent of the benefit would go to those earning $100,000 or less, according to a recent study from the Tax Policy Center. Earlier in April,…
Bulk of SALT Cap Repeal Benefits Would Go to High-Income Households: Study
Bulk of SALT Cap Repeal Benefits Would Go to Households Earning Half a Million or More: Study
Around 70 percent of the benefit from repealing the federal cap on the state and local tax (SALT) deduction would go to households making $500,000 or more per year, while just one percent of the benefit would go to those earning $100,000 or less, according to a recent study from the Tax Policy Center. Earlier in…
Making Family the Hub of Life Again
My child arrived just the other day He came to the world in the usual way But there were planes to catch and bills to pay He learned to walk while I was away And he was talking ‘fore I knew it, and as he grew He’d say, “I’m gonna be like you, Dad You…
Procuring an American Masterpiece
One Friday afternoon in December 2013, estate sales specialist Robin Psota got tipped off about a trove of collectibles in a house just north of the Los Angeles International Airport. She fought her way through traffic, donned gloves, and sifted through a pile of debris in an upstairs room. “I’d never seen such a hoarder…
Identity Politics Is Destroying the Social Fabric
Commentary Identity politics—the formation of exclusive alliances based on racial, religious, ethnic, or social identity—is manifesting in all cultural corners. It has seeped into school curricula and overtaken traditional Western individualism as the new dominant lens for interpreting one’s place in society. Entire university departments have been rededicated to examining so-called intersectionality, defined as the complex way…
Opinion: Identity Politics Is Destroying the Social Fabric
Commentary Identity politics—the formation of exclusive alliances based on racial, religious, ethnic, or social identity—is manifesting in all cultural corners. It has seeped into school curricula and overtaken traditional Western individualism as the new dominant lens for interpreting one’s place in society. Entire university departments have been rededicated to examining so-called intersectionality, defined as the complex way…
California Law Forcing Charities to Identify Donors Is Unconstitutional, Supreme Court Hears
The Supreme Court seemed sympathetic to arguments by two conservative charities this morning that a California law requiring charities to hand over the names of their donors violates the First Amendment. The case, Americans for Prosperity Foundation v. Bonta, court file 19-251, and a companion case, Thomas More Law Center v. Bonta, court file 19-255, were…
Federal Court Judge Dismisses Bid to Halt Hotel Quarantines
OTTAWA—A group of air travellers has lost a Federal Court bid for an interim injunction to prohibit hotel quarantines for returning passengers. Justice William Pentney says in a written ruling that the three-day stay in federally designated facilities does not put Canadians’ security at significant risk. The mandatory quarantine—part of a two-week self-isolation regime for…
Three Reasons Why the Biden Tax Increase Makes No Sense
Commentary Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with math. Biden’s announcement of a massive tax increase on businesses and the wealthier segments of the population simply makes no sense. The tax hikes will have a…
Opinion: Three Reasons Why the Biden Tax Increase Makes No Sense
Commentary Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with math. Biden’s announcement of a massive tax increase on businesses and the wealthier segments of the population simply makes no sense. The tax hikes will have a…
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