Taxation

It’s Time to Cut the Capital Gains Tax

Analysis: Capital Gains Tax Cuts and the Prospects for H.R. 1 The One Big Beautiful Bill Act (H.R. 1), poised to reshape America’s economic landscape through reconciliation, presents a rare opportunity to ignite robust growth by including a capital gains tax cut. Whether modeled on Sen. Ted Cruz’s inflation-indexing approach or James Kay’s tiered-rate structure, a capital gains cut is a critical investment-focused complement to the bill’s consumption-driven tax relief, such as eliminating taxes on tips and overtime. This dual strategy maximizes economic impact, spurring both spending and investment to deliver unparalleled bang for the buck. The Taxpayer Relief Act of…

Continue ReadingIt’s Time to Cut the Capital Gains Tax

Learning About Congressional Budgeting

Charting America’s Budget A Tale of Reconciliation, Rescissions, and Deficit Debates Before we get into the heart of this lesson, let's review how a bill becomes a law. https://www.youtube.com/watch?v=SZ8psP4S6BQ In the heart of Washington, D.C., in June 2025, a fiscal tempest brews, captivating lawmakers, analysts, and citizens. H.R. 1, the “Big Beautiful Bill,” a daring reconciliation bill passed the House, promising to extend Trump tax cuts and carve $1.6 trillion from federal spending. Yet, the Congressional Budget Office (CBO) sounds a warning, estimating a $4 trillion deficit increase, igniting fierce debate. Meanwhile, a “DOGE rescissions package,” driven by the Department of…

Continue ReadingLearning About Congressional Budgeting

Friday Fiscal Fixes

Reforming Revenue Toward a Resilient and Investment-Oriented Economic Policy Policy Recommendations for U.S. Fiscal Reform: Tariffs, Capital Gains, and Income Taxes 📈 "Strategic tax design is not merely a budgetary exercise-it is a nation-shaping endeavor." The United States stands at a fiscal crossroads. With federal outlays approaching $6.9 trillion, annual deficits nearing $1.8 trillion, and national debt eclipsing $33 trillion, the country faces compounding challenges: an aging population straining entitlement systems, interest costs crowding out discretionary spending, and a tax system ill-equipped to drive sustainable growth. The April 22, 2025 analyses-Tuesday Trajectories and Tuesday Takeaways-offer a dual warning: fiscal paths are…

Continue ReadingFriday Fiscal Fixes

Tuesday Takeaways

📊 Economic Wisdom Across Decades: Lindsey 1997 vs. Tuesday Trajectories 2025 A three-decade span separates Lawrence Lindsey’s 1997 testimony to the Joint Economic Committee from the April 2025 edition of Tuesday Trajectories-but the dialogue between them is surprisingly direct. This post walks through the shared Dateline: Minnesota Privilege Anything Less Than the Best is a Felony Yo, first degree! Let's kick it.  Dylan Bryan Adams, a 33-year-old fiscal policy analyst for the Minnesota Department of Human Services, was arrested on March 29, 2025, for allegedly vandalizing at least six Tesla vehicles in Minneapolis, causing over $20,000 in damages. Surveillance footage from…

Continue ReadingTuesday Takeaways

Tuesday Trajectories

Executive Summary: U.S. Federal Fiscal Trends This analysis, supported by visualizations of U.S. federal fiscal data from 1970 to 2024, reveals an alarming trajectory of escalating government spending, persistent budget deficits, and a rapidly growing national debt, alongside a highly progressive yet insufficient federal income tax system. Federal outlays have surged from $195.6 billion in 1970 to an estimated $6.8–$6.9 trillion in 2024, driven by mandatory programs like Social Security ($1.46–$1.5 trillion) and Medicare ($912 billion), as well as soaring interest payments ($882–$949 billion) on a national debt exceeding $33 trillion. The trajectory of deficits has worsened, growing from $2.8 billion…

Continue ReadingTuesday Trajectories

Taco Tuesday

Dateline: The Breakfast Edition Federal income taxes are due today, but nobody likes theft and taxation is theft. But everybody likes tacos, especially breakfast tacos. So with that, let's get picante and the Tabasco. 🌶️ Holy Week Traditions: Holy Tuesday On Holy Tuesday, Christians pause to reflect on Jesus’ powerful teachings in Jerusalem, like His warnings about betrayal and His end-times messages in the Olivet Discourse (Matthew 24–25). It’s a day that feels heavy yet hopeful, as we think about Jesus preparing His followers for what’s coming-His sacrifice on the cross. Whether it’s through deep prayer or quiet reflection, believers across…

Continue ReadingTaco Tuesday

Friday Forecasting

Capital Gains Tax Scenarios and Analyses Executive Summary This analysis explores a proposed capital gains tax structure-15% flat rate for foreign/non-qualifying gains and tiered rates for U.S. domestic stocks (7.5% for 1-3 years, 5% for 3-5 years, 2.5% for 5-10 years, 0% for 10+ years, with no NIIT)-evaluated under diverse economic scenarios tied to Trump’s tariff policies as of April 2025. Starting with a static revenue loss of $10.025 billion annually ($100 billion gains baseline), the study employs static and dynamic scoring to assess fiscal impacts, ranging from optimistic tariff-driven growth to severe recessionary shocks, culminating in a V-shaped recovery scenario.…

Continue ReadingFriday Forecasting