Hours before he cast the tie-breaking vote on a major tax and spending bill in the Senate, Vice President J.D. Vance attempted to reframe the debate over the legislation. Instead of thinking about the One Big Beautiful Bill Act (OBBBA) as a matter of fiscal policy that’s primarily aimed at extending the 2017 personal income […]
Imagine that you’re renting an apartment and the terms of the lease require paying your landlord $2,000 every month. Now, imagine that the lease expires at the end of this month. Here you sit, on July 1, with no lease signed for the month of August. Congratulations, you’ve now got $2,000 extra dollars that you […]
In deciding whether to vote for the tax and spending package now sitting before the Senate, Sen. Rand Paul (R–Ky.) says he’s been asking himself a simple question: Does the bill increase the federal deficit next year? “The answer, without question, is that this bill will grow the deficit,” Paul told his fellow senators on Sunday […]
Interest rates may have fallen this year, if not for the uncertainty and higher costs created by President Donald Trump’s tariff schemes. Federal Reserve Chairman Jerome Powell told a House committee on Tuesday that the central bank likely would have “continued cutting” interest rates during the first half of 2025, but decided to hold rates […]
The federal government’s parade route becomes a parade rout. Â Â Â Â Â Producer, Actor: Andrew Heaton Producer, Actor: Austin Bragg Producer: Meredith Bragg Producer: John Carter The post D.C. Para Read More Article from Reason.com Reason MagazineThe Reason Magazine website is a go-to destination for libertarians seeking cogent analysis, investigative reporting, and thought-provoking […]
On Monday, President Donald Trump endorsed the arrest of California Gov. Gavin Newsom, who irked him by criticizing his militarized response to Los Angeles protests against his administration’s immigration raids. Just four days earlier, Trump had suggested that billionaire entrepreneur Elon Musk, his former ally, could lose his government contracts for going public with concerns […]
The One Big Beautiful Bill Act, which the House of Representatives narrowly approved early in the morning on Thursday, May 22, lives up to its name in at least one respect: It is big, weighing in at 1,037 pages and nearly 200,000 words. Since the bill’s final text was not available until 10:40 p.m. on […]