Are Trump’s tariffs making money? Watch this chart.

“The United States has generated $46.6 billion this year from tariffs as of May 8, the latest data available — 46.3% more than the same time last year. Federal income taxes, meanwhile, brought in $2.4 trillion in 2024.

And the $14.7 billion difference in tariff revenue year-on-year is just part of the story. High levies can cause huge surges in revenue that later level off as trade patterns shift and businesses seek to lower costs along their supply chains.”

https://www.politico.com/interactives/2025/trump-tariff-income-tracker/

Mel Gibson Got His Gun Rights Back, but Millions of Americans With No History of Violence Are Still Waiting

Mel Gibson Got His Gun Rights Back, but Millions of Americans With No History of Violence Are Still Waiting

https://reason.com/2025/04/09/mel-gibson-got-his-gun-rights-back-but-millions-of-americans-with-no-history-of-violence-are-still-waiting/

These Reforms Would Simplify Our Messy Tax Code—and Level the Playing Field

“The U.S. tax code is broken. That’s mainly because it collects revenue in an arbitrary, distortionary, and unfair manner. At the heart of the problem are “tax expenditures”: credits, deductions, and loopholes that benefit the government’s favorite groups and behaviors.

It’s a patchwork of exceptions and preferences designed more by lobbyists than by public servants. Policymakers claim they are encouraging savings, promoting fairness, or aiding the poor. In reality, many tax expenditures—also known as tax breaks—serve no purpose beyond enriching powerful interest groups.

The solution is to return to first principles. We must begin by defining the tax base in a principled way. What should count as income? What should be taxed, and when? Only then can we properly distinguish between legitimate exemptions and unjustifiable giveaways.”

https://reason.com/2025/04/10/these-reforms-would-simplify-our-messy-tax-code-and-level-the-playing-field/