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Economics

It is a good thing when taxes are reduced. But when refundable tax credits provide taxpayers with more money than they paid in, that’s a subsidy, not a tax cut.

Time and again, when taxes have been raised on the rich, the poor suffered the greatest detriment. And when taxes were lowered, the poor saw most of the benefit.

Russia's presidency of the G20 is coinciding with some very disturbing plans to implement Soviet-style controls over the global economy

Unmentioned in media reports of the recently concluded G20 summit of finance ministers in Moscow is the fact that the meeting advanced the globalist program to destroy the dollar and transform the IMF into a global Federal Reserve with a global currency.

When President Obama announced a proposed hike in the federal minimum wage rate in his State of the Union address last week, the reaction was swift. House Speaker John Boehner spoke for most Republicans in condemning the increase (from the current $7.25 an hour to $9.00), reminding his colleagues that “when you raise the price of employment, guess what happens? You get less of it.”

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