Year: 2025

David J. Bier The House of Representatives recently passed its budget reconciliation spending bill, the One Big Beautiful Bill Act (H.R. 1). The bill changes numerous aspects of tax and spending law, but its most significant spending increases are for immigration. The Congressional Budget Office (CBO) estimates the bill will direct an astounding $168 billion of the budget to immigration ...

Michael F. Cannon President Trump and Senate Republicans will consider measures to eliminate waste, fraud, and abuse in Medicare. Along with Medicaid, Medicare is the primary contributor to our federal debt, which has now reached $30 trillion—equal in size to the entire US economy—and is still growing. Affluence-test Medicare premiums. The most politically viable option is to require high-income Medicare ...

Chris Edwards The Republican reconciliation bill would trim Medicaid and the Supplemental Nutrition Assistance Program (SNAP). These are shared federal-state programs, with the federal government currently paying 69 percent of Medicaid costs and 93 percent of SNAP costs. The proposed GOP reforms would have the states pay a modestly higher share of the costs, which has prompted worries that state ...

Mike Fox May 28 started like any other day but ended with a profound triumph for my Cato colleagues and me. As Cato’s President Peter Goettler said, “Sometimes it’s the constancy and consistency of our efforts that move the climate of ideas a bit more each day in the direction of individual liberty and limited government. And only after years of ...

All of our major indices continue to rally off the April 7th, cyclical bear market low. A couple, however, have broken out of key bullish continuation patterns that measure to all-time highs. I’ll focus on one in today’s article. Russell 2000 The IWM is an ETF that tracks the small-cap Russell 2000 and it’s chart couldn’t be much more bullish ...

NEWYou can now listen to Fox News articles! Claims that President Donald Trump dropped his well-regarded NASA nominee over Democratic donations don’t hold up, given his track record of appointing officials from across the political spectrum. ‘Trump Is Said to Have Known About NASA Nominee’s Donations Before Picking Him,’ read the latest headline from the New York Times about the ...