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Tag: Wealth Redistribution

Rasmussen poll reveals why so many young voters are turning radical
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Rasmussen Reports, Approved, Commentary, National

Rasmussen poll reveals why so many young voters are turning radical

By Brian Joondeph | Commentary, Rasmussen Reports Rasmussen Report’s new survey of voters under 40 paints a stark picture. Most believe the economy is unfair to them, and a majority would even support a law to confiscate Americans’ “excess wealth” (second homes, luxury cars, boats) to help young people buy a first home. Fifty-five percent endorse that idea, but just 38% oppose it. Only 29% of individuals under 40 are homeowners, and many feel “stuck,” lonely, or in crisis.  Why the sudden shift? Start with COVID’s totalitarian backlash. Youth mental health was declining before 2020, but the pandemic, especially school closures and extended isolation, made it worse. CDC’s latest Youth Risk Behavior data show four in ten high school students reported persistent...
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SALT Deduction Scam: Blue States Get the Break, Red States Get the Bill
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National, The Washington Times

SALT Deduction Scam: Blue States Get the Break, Red States Get the Bill

By Lindsey McPherson | The Washington Times Republicans putting together a sweeping tax and spending package are struggling to resolve an intraparty debate over the amount of state and local taxes taxpayers should be able to deduct from their federal tax liability. The debate over the deduction, known as SALT, is pitting House Republicans from Democrat-majority states against fiscal conservatives. Republicans must find a compromise to pass President Trump’s One Big Beautiful Bill Act. The SALT deduction is claimed by the roughly 10% of taxpayers who itemize. The 90% who claim the standard deduction do not benefit from the deduction. Taxpayers can currently deduct up to $10,000 of state and local taxes from their federal taxable income. Itemizers must choose between deducting...
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