Free Republic

WASHINGTON (Reuters) - Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly. President Joe Biden's congressional allies hope the bill, which they pushed through the Senate over united Republican opposition, will boost their chances in the Nov. 8 midterm elections, when Republicans are favored to recapture the majority in at least one chamber of Congress. The package, called the Inflation Reduction Act, is a dramatically scaled-back version of a prior...

Washington, D.C. July 17, 2002 — Some states feast at the expense of others, according to the Tax Foundation’s annual analysis of federal fiscal operations. By comparing the federal tax burden in each state with an adjusted set of the Census Bureau’s most recent data (2001) on federal spending in each state, Tax Foundation senior economist Scott Moody has ranked states in order of which got the best deal in 2001 from Uncle Sam’s tax and spending policies. Federally Favored States In No. 116 of the Tax Foundation’s Special Report series, titled “Federal Tax Burdens and Expenditures by State,” Moody...