Their goal isn't to make the poor richer, it's to make the rich poorer.
Finance
Fiscal responsibility is the cornerstone of sound government. Without it, we’re putting our future at grave risk of insolvency, including programs low-income people rely on, such as Social Security and safety net programs. It increasingly puts the present at risk, too.
As our nation’s debt and deficit soar, the current policy solution for many is to spend our way out of it. FREOPP couldn’t disagree more. This method has harmed Americans with rampant inflation, unpredictable markets, and stagnant economic growth.
If America hopes to maintain its position atop the global economy, we must get our spending under control. Otherwise, it’ll be increasingly difficult to provide pathways for lower- and middle-income Americans to rise.
All Finance
A big rule change will help young workers earn more money for retirement.
Ultimately, there is no way to reduce budget deficits, and ultimately the debt, without making difficult and likely unpopular choices.
The administration announced two proposals that defy basic economic reason
Ironically, the plan may end up redistributing federal funds upward from those most in need
Job growth remains anemic as structural challenges deepen
Full expensing could deliver some of the strongest effects of any tax policy on the table
The July employment report delivered a sobering picture of the U.S. labor market