Close the Paris Hilton Loophole

Close the Paris Hilton Loophole

If our leaders want to balance the budget, here’s a suggestion: Congress can scrap a new “Paris Hilton” giveaway that’s draining billions of federal tax dollars. This giveaway takes the form of a complex tax loophole designed to circumvent the...
The Power Politics behind a Long, Gilded Life

The Power Politics behind a Long, Gilded Life

Let us pause now to pay our respects to Bunny Mellon. She died in mid-March on her Virginia horse-country estate. But no tears, please. Bunny — nobody called her by her given name Rachel — lived a long and rich life. Very long. Very rich. One hundred and three at her...
Obama’s Taxing Problem

Obama’s Taxing Problem

Does getting tipsy make it easier for you to bear President Barack Obama ‘s State of the Union addresses? Try taking a sip of beer, wine, or a mixed drink every time he says the words “tax” or “taxpayer” this time around. It’s not...
The Dropped Ball

The Dropped Ball

Millions of Americans watched the ball drop on New Year’s Eve. The glitzy one in Times Square symbolized joy and hope for the New Year. Just a few hundred miles to the south, Congress dropped another ball — one that no doubt sent champagne glasses clinking among...