Contributions to the Social Security fund are capped at the first $117,000 of income.
Economy & Budget
Consumer spending is the economic engine of our economy.
Camp's scheme does have one glaring flaw. Its laudable attempt to streamline the code goes a step too far by axing some key provisions essential to economic growth and job creation.
The penalty for failure to file a complete and accurate FBAR or to keep the required records is severe.
Talented immigrants have always been a major source of our country’s competitive advantage.
When mismanagement leads to exorbitant waste and abuse of the taxpayer, it is time to take a closer look.
It’s time to give the agency tasked with estimating the cost of Congressional policy proposals the resources it needs to present long-term budget projections to Capitol Hill.
The growing trend of economic inequality in the United States is not only unfair, but has detrimental consequences for our country as a whole.
The bill is tantamount to an uncompensated government taking that violates the “rule of law” and ignores private property rights.
It’s no coincidence that the Great Recession came after the worst eight years for U.S. manufacturing since the Great Depression.