Inflation continues to be the top concern for American voters going into the midterm elections. But rather than advancing responsible policies that will tame inflation, the federal government continues to pursue tax and spending plans that will raise the federal deficit, undermine growth, and do nothing to lower prices.
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13 States May Tax Canceled Student Loans
Borrowers in thirteen states who have student debt canceled under the Biden administration’s plan may still be taxed hundreds of dollars next year on their forgiven loans.
Read MoreUnclaimed Property Becomes Revenue for Some States
Some states are making money from unclaimed property that people may not know the states have.
South Dakota is one of the few states that send profits from abandoned property to their general budget. About 3% of the state’s general fund revenues come from unclaimed property, according to state budget officials. Some states, including Wyoming and Wisconsin, hold on to the property indefinitely.
Read MoreCommentary: The American People Must Relocate Power to the States
When American citizens look to Washington, D.C., they find much to be disappointed in and even less to believe in. The fundamental problem is that the federal government has, through its regulatory and spending powers, usurped much of the governing authority for the republic.
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