Preston is a research fellow for tax policy in The Heritage Foundation’s Grover M. Hermann Center for the federal budget.
View all authorsEconomyCommentary
When discussing budgets, President Joe Biden often uses a quote that he attributes to his father: “Don’t tell me what you value. Show me your… Read More
EconomyCommentary
A character in Ernest Hemingway’s first novel, “The Sun Also Rises,” explains how he went bankrupt: “Gradually and then suddenly.” Americans who have fallen deep… Read More
PoliticsCommentary
It’s tax season, and the IRS has a new $80 billion slush fund at its disposal, thanks to the misnamed Inflation Reduction Act, which was… Read More
EconomyCommentary
Cartels are groups of organizations that collude with each other to drive up prices, crush competition, and ultimately extort huge amounts of money to redistribute… Read More
EconomyCommentary
America may be entering a new phase of economic malaise. While inflation dominated the public consciousness in 2021 and 2022, troubling developments in the labor… Read More
EconomyCommentary
With Congress continuing its nearly three-year-long inflation-driving spending spree and adding several new federal taxes—not to mention 87,000 new IRS agents—it’s easy to miss a… Read More
EconomyCommentary
Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra… Read More
PoliticsCommentary
You can learn a lot about a man by seeing how he spends his money. You can learn about a congressman by seeing how he… Read More
EconomyCommentary
The nonpartisan Congressional Budget Office on Nov. 29 released an analysis describing its “current view of the economy in 2023 and 2024 and the budgetary… Read More
EconomyCommentary
It’s almost certainly true that the company president didn’t set the price of the last product you bought at Walmart, Costco, or Amazon. If the… Read More
