Every Social Security rule I can think of is gender-neutral. In other words, the same laws apply to men and women equally. But society hasn’t always been gender-neutral. We’ve all heard the statistics: Men tend to make more money than women. And because Social Security benefits are based on lifetime income, men end up getting…
Orange County’s Bankruptcy Could Have Been Avoided
June 14, 2021
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Commentary In 1997, the Government Accounting Standards Board (GASB) released GASB 31, requiring municipalities to mark their portfolios to market for financial reporting purposes. Had GASB been proactive and not reactive, perhaps Orange County’s 1994 bankruptcy would never have occurred. Because the county’s financial statements did not reflect market losses, my previously-expressed concerns about a…
Most Voters Want Smaller Government and Lower Taxes: Rasmussen Poll
A Rasmussen Poll released Friday shows that a majority of likely voters prefer a smaller government with fewer services and lower taxes. Members of a representative sample of 1,000 U.S. likely voters were asked to weigh in on whether they favor a “more active government with more services and higher taxes or a smaller government…
LA-Funded Homeless Housing is Still Slow and Expensive
May 17, 2021
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Commentary Between Gov. Gavin Newsom’s recent pre-budget media blitz, President Joe Biden’s “infrastructure plan,” and Los Angeles Mayor Eric Garcetti’s recent State of the City speech, politicians have been making a lot of big claims recently. In an original economic analysis conducted for the Epoch Times, I analyzed Garcetti’s claims that housing funded by the…
New Victorian Land Taxes Prompt Heavy Criticism
The Victorian government’s latest economic recovery plan for bigger taxes on higher-end property owners is unpopular with real estate and business advocates. New taxes to hit wealthier Victorians are proving controversial with the state’s peak real estate body calling the measures an “assault” on property owners. The Victorian government announced on Saturday it would raise…
Chief Executives Name California as Worst State for Doing Business
May 10, 2021
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Commentary California is the worst state in the union for doing business—again. For the second year running, California ranked dead last in a survey of chief executives regarding the best and worst states to run companies. Even though California is home to the Port of Los Angeles, Silicon Valley, Hollywood and Napa Valley—all best-in-class for…
Rossmoor Taxpayers Get Answer to Sales Tax Confusion
May 6, 2021
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Residents of an unincorporated Orange County, Calif. town said they were recently overcharged taxes for sharing the same zip code as a neighboring, higher-taxed city. The issue dates back to last November, when Los Alamitos voters narrowly passed Measure Y, which allowed the city to raise its sales tax by 1.5 percent. The tax hike…
Scalise ‘Very Open’ to Bipartisan Infrastructure Package That Does Not Raise Taxes
Rep. Steve Scalise (R-La.) said this week that he is open to working with Democrats to craft a package that would advance America’s infrastructure without raising taxes. Scalise made the comments at a virtual Axios event on Friday where he urged President Joe Biden to fulfill his promise for unity and put the brakes on an…
‘They’re Going to Move Me Over to Fox’: MSNBC Guest Says Endlessly Raising Taxes Will Hurt Capitalism
MSNBC guest Donny Deutsch warned about endlessly raising taxes, saying it would be harmful to capitalism, during a Friday interview. “At some point, I know I’m going to get lambasted from this as the guy—at some point, taxes get to a point where it’s just, you know, you can’t raise taxes to a certain point…
DOJ Sues Roger Stone for Nearly $2 Million in Unpaid Taxes
The Department of Justice on April 16 filed a lawsuit against veteran political operative Roger Stone and his wife to recover nearly $2 million in unpaid taxes and interest. The lawsuit was filed in federal court in Fort Lauderdale, Florida. The action was requested and authorized by the chief counsel of the Internal Revenue Service…
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