entitlements

Taxing the rich has seemed to be one of the Band-Aid solutions for California’s budget, but that’s dangerous as seventy percent of the General Fund is already provided by personal taxes on just five percent of the population.

In these trying times coping with the Coronavirus, and its huge impact on businesses and employment, the younger generations have been set up to pick up some the costs of the defined benefits that their parents and grandparents voted in for themselves.

By reforming government-run entitlement programs, lawmakers can start reversing a decades-long trend of trapping people in poverty — causing harm in the name of providing help. States are already leading the way.

In his inaugural address in January, President Donald Trump promised “the forgotten men and women of our country will be forgotten no longer . . . the time for empty talk is over, now arrives the hour of action.”

As Republicans contemplate repealing the Affordable Care Act (ACA or “ObamaCare”)—seriously, not just as a political gesture—alarms are sounding about millions of individuals losing coverage.

With John out of the office, Donny is joined by Jesse Hathaway, research fellow and managing editor of Budget & Tax News, in episode #64 of the In The Tank Podcast. Today’s podcast features work from the Commonwealth Foundation, the Tax Foundation, and the Mercatus Center.