A recent Wall Street Journal article highlighted how the $4 trillion in total unfunded public pension debts of cities and states nationwide equals Germany’s economy. The WSJ figure below highlights how this massive sea of red ink means that there could be a tremendous burden on taxpayers as contributions rise or on public sector employees’...
President Trump’s Council of Economic Advisors recently released a report showing that there is a large portion of non-disabled, working-age adults (16 to 64 years old) who are receiving government non-cash welfare payments funded by taxpayers but aren’t working. For example, of those on Medicaid, 53 percent of non-disabled, working-age adults don’t have a job....
Texas ports contribute $650 billion in trade and support 1.6 million Texas jobs. But as goods travel through Texas ports, Texans and all Americans are paying a higher price than necessary from an uncompetitive market of harbor pilots. Ships entering a U.S. port must be guided by a licensed harbor pilot, which is noted as...
Six months ago the Tax Cuts and Jobs Act was passed by Congress and signed into law by President Trump. Proof that Americans keep winning from pro-growth tax reform is evident with each new economic report. So far more than 4 million Americans will receive bonuses and millions more are receiving additional benefits from at...
Wouldn’t you like to pay lower taxes? Well, a recent study by the Mercatus Center shows that Texas could substantially reduce Texans’ tax burden if it cut corporate welfare. The authors of the study used recently released data to show how much each state government burdens people with higher taxes to fund corporate welfare. Texas...