I last wrote about President Biden’s student loan forgiveness plans on September 6 in Forecasts & Trends. In that column, I argued Mr. Biden’s plan to forgive $10,000 to $20,000 of student loan debt was a bad idea for several reasons. But what I emphasized most was the fact that the president wanted to limit… Continue Reading
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IRS Had Terrible 2021 & 2022 Looks Even Worse
In case it took an extra-long time to get your income tax refund last year, as was the case with millions of taxpayers, the IRS says it is likely (almost certain) to be worse in 2022. The IRS admits 2021 was its most challenging year ever and warns 2022 will be another bad year for… Continue Reading
U.S. Jobs Market Is Smoking Hot, Record Quits
The US jobs market is strong and getting stronger by just about any metric you can pick. The labor market is extremely tight so employers are hanging on to existing workers as best they can. Still, a record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed… Continue Reading
What’s In Biden’s Massive $3.5 Trillion Stimulus Boondoggle
President Joe Biden has so far had one of the most disappointing first term presidencies in history. He has not been able to advance much of his liberal legislative agenda because he has zero support from Republicans and even a few Democrats oppose his left-leaning policies. As a result, Mr. Biden has decided to bet… Continue Reading
Why Biden’s “Step-Up In Basis” Repeal Won’t Happen
Candidate Joe Biden promised a lot of tax increases when he was running for the highest office in the land in 2019 and last year. Yet since he’s been president, he hasn’t followed through on those promises, at least not so far. This is largely because thanks to Democrat Senators like Joe Manchin (WV) and… Continue Reading