Preston is a research fellow for tax policy in The Heritage Foundation’s Grover M. Hermann Center for the federal budget.
View all authorsEconomyCommentary
The shopping spree is a fun concept. The winner of a game show or sweepstakes gets five minutes to race through a store piling high… Read More
EconomyCommentary
In 2021, the IRS issued a report that described what the tax-collecting agency could do with nearly $80 billion in new funding, if only Congress… Read More
EconomyCommentary
Where will President Joe Biden and congressional Democrats get the money to finance their large expansion of subsidies for green energy and extension of Obamacare… Read More
EconomyCommentary
Congress “invested” in the American economy to the tune of $7 trillion over two and a half years. The result? Inflation is through the roof,… Read More
EconomyCommentary
President Joe Biden promised on Thursday that the so-called Inflation Reduction Act wouldn’t raise taxes on Americans making less than $400,000 a year. But, in… Read More
PoliticsCommentary
In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers,… Read More
EconomyCommentary
With inflation surging to 9.1% and averaging much higher in the rural heartland than in urban areas, now is not the time for the federal… Read More
EconomyCommentary
In a speech in Rehoboth Beach, Delaware, on June 3, President Joe Biden acknowledged that deficits contribute to inflation, when he stated, “Reducing the deficit… Read More
EconomyCommentary
The Congressional Budget Office’s May 2022 forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017… Read More
EconomyCommentary
If someone can’t manage his or her own financial affairs, it’s a good bet they’d manage other people’s finances badly, too. Given that the federal… Read More
