Adam Michel

Tax Policy Studies Director at Cato Institute

Director of Tax Policy Studies @CatoInstitute. @JECRepublicans, @Heritage, @mercatus, @GeorgeMasonU alum. Opinions are my own.

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Articles

A Personal Milestone and a Renewed Distaste for the Child Tax Credit

4 weeks ago | adamnmichel.substack.com | Adam Michel

My family recently grew! We've welcomed our second child, a healthy baby boy. On a personal note, having kids has made me something of an evangelist. Kids are awesome. Their benefits outweigh their costs by orders of magnitude (at least in the early years—I'll report back on the later ones). Go have a kid, or two. It’s great. But now, back to tax policy.
Juegos mensuales en PlayStation Plus para junio: NBA 2K25, Alone in the Dark, Bomb Rush Cyberfunk

1 month ago | blog.latam.playstation.com | Adam Michel

Domina la cancha en NBA 2K25, sobrevive a una mansión llena de horrores en Alone in the Dark, ábrete camino a través de un mundo del futuro en Bomb Rush Cyberfunk y vive algunas aventuras de ciencia ficción en Destiny 2: The Final Shape, conoce la lista de los Juegos Mensuales de PlayStation para junio. Veamos más de cerca cada juego. Acumula victorias, levanta estandartes y haz historia en NBA 2K25.
Juegos mensuales de PlayStation Plus de junio: NBA 2K25, Alone in the Dark, Bomb Rush Cyberfunk y Destiny 2: The Final Shape

1 month ago | blog.es.playstation.com | Adam Michel

Dominad la pista, sobrevivid en una mansión repleta de horrores y abríos paso con combos en un mundo futurista con los juegos mensuales de PlayStation Plus de junio. NBA 2K25, Alone in the Dark y Bomb Rush Cyberfunk estarán disponibles para los suscriptores de PlayStation Plus. Veamos con más detalle las novedades. Sumad victorias, levantad trofeos y haced historia en NBA 2K25. Dominad cada cancha con la autenticidad y el realismo que genera ProPLAY, y controlad cómo competís mejor que nunca.
Les jeux du mois PlayStation Plus de juin : NBA 2K25, Alone in the Dark, Bomb Rush Cyberfunk et Destiny 2: The Final Shape

1 month ago | blog.fr.playstation.com | Adam Michel

Dominez le terrain dans NBA 2K25, survivez à une bâtisse terrifiante dans Alone in the Dark, frayez-vous un chemin à grand renfort de combos dans un monde futuriste dans Bomb Rush Cyberfunk et partez à l’aventure dans un monde de science-fiction dans Destiny 2: The Final Shape avec les jeux du mois PlayStation Plus de juin. Regardons la liste de jeux plus en détail. Enchaînez les victoires, brandissez votre bannière et écrivez l’histoire dans NBA 2K25.
PlayStation Plus Monthly Games for June: NBA 2K25, Alone in the Dark, Bomb Rush Cyberfunk, Destiny 2: The Final Shape

1 month ago | blog.playstation.com | Adam Michel

Tear up the court in NBA 2K25, survive a horror-filled manor in Alone in the Dark, combo your way through a future world in Bomb Rush Cyberfunk and take on some sci-fi adventures in Destiny 2: The Final Shape with June’s PlayStation Plus Monthly Games lineup. Let’s take a closer look at each game. Stack wins, raise banners and make history in NBA 2K25. Command every court with authenticity and realism Powered by ProPLAY, giving you ultimate control over how you compete.
Congress Should Repeal the Low-Income Housing Tax Credit, Not Expand It

1 month ago | cato.org | Adam Michel

Generated with ElevenLabs AI technology. The Low-Income Housing Tax Credit (LIHTC) awards roughly $14 billion in tax credits annually to private apartment building developers in exchange for keeping rents capped for lower-income tenants. But far from being an effective solution to housing affordability, the LIHTC is a complex and costly form of corporate welfare.
Four Things the Senate Can Do to Improve the House Tax Bill

1 month ago | adamnmichel.substack.com | Adam Michel

The House of Representatives recently passed its One Big Beautiful Bill Act, which, among many other things, extends the expiring 2017 Trump tax cuts. Now the bill heads to the Senate, where lawmakers have the opportunity to improve a bill that currently falls short of delivering serious pro-growth tax reform. Here are four ways the Senate can improve the House-passed tax bill.
Four Things the Senate Can Do to Improve the House Tax Bill

1 month ago | cato.org | Adam Michel

Generated with ElevenLabs AI technology. The House of Representatives recently passed its One Big Beautiful Bill Act, which, among many other things, extends the expiring 2017 Trump tax cuts. Now the bill heads to the Senate, where lawmakers have the opportunity to improve a bill that currently falls short of delivering serious pro-growth tax reform. Here are four ways the Senate can improve the House-passed tax bill.
House Tax Bill Doesn’t Kill Green New Deal Subsidies Fast Enough

1 month ago | adamnmichel.substack.com | Adam Michel |Joshua Loucks

The Inflation Reduction Act (IRA) was pitched as a climate solution. In practice, it turned the tax code into a multi-trillion-dollar energy entitlement program, creating subsidies without caps, sunsets, or accountability. The recently passed House Ways and Means Committee tax bill repeals eight of the IRA credits, phases out five, and keeps or expands several others. The House tax bill is a modest step toward scaling back the IRA green energy subsidies, but it is not aggressive enough.
Replacing the income tax with tariff revenue is the new Republican fantasy

1 month ago | thehill.com | Adam Michel

In politics, fantasy often fills the space where fiscal reality should take center stage. For example, the left has long insisted that large new spending programs could be funded “if only the rich paid their fair share.”But President Trump’s Republican Party now has its own new entry for biggest fiscal fantasy: “Tariffs can replace the income tax.”Both are equally false. But it’s the second idea that is giving some anti-tax Republicans cover to support economically disastrous tax hikes.

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