Patrice Lee Onwuka

3 weeks ago | iwf.org | Patrice Lee Onwuka

Troubling tax increases may be on the horizon as part of the reconciliation process to pass President Trump’s Big Beautiful Bill. The centerpiece of this bill would be to make the 2017 tax cuts that individuals and small businesses currently enjoy permanent. This makes any talk of tax increases head-scratching. Conservatives were handed the reins of government to cut costs, cut spending, and cut taxes. Let’s hope they don’t renege on any of those promises.

1 month ago | iwf.org | Patrice Lee Onwuka

President Trump just released the first budget for his second presidential term. The fiscal year 2026 budget proposal includes many cuts to programs and agencies meant to root out divisive ideological agencies, eliminate waste and duplication, and realign federal spending with the president’s priorities. U.S. presidents release their budget wishlists each year. Congress decides whether to adopt the recommendations, which hardly happens anymore. The budget process is largely ceremonial.

1 month ago | washingtonexaminer.com | Patrice Lee Onwuka

Flexible work is highly valued by Americans today, and it motivates people. This Small Business Week, an encouraging new poll revealed the electorate‘s views of independent work and why it’s important to preserve self-employment in America. Policymakers would be wise to stand with the self-employed, freelancers, and gig workers, not against them.

1 month ago | iwf.org | Patrice Lee Onwuka

Economy The U.S. economy contracted—or declined—in the first quarter of 2025. This is the headline from government data released today. Let’s not panic. There’s more to the data than just headlines. Several bright spots should give us hope that the administration is pushing ahead on positive economic agenda items that will help regular Americans, such as slashing the size of government. Key Takeaways from the Report: Real gross domestic product (GDP) decreased at an annual rate of 0.3% in the...

1 month ago | iwf.org | Patrice Lee Onwuka

Economy Americans need tax relief, but it cannot be borne on the backs of job creators, small business owners, or high-income earners, President Trump swatted down the idea of a new tax for wealthier Americans yesterday, killing rumors that the administration might embrace Bernie Sanders-style tax policy to pay for conservative tax relief. When asked by a reporter about rumors of a millionaire tax by conservatives yesterday, President Trump answered: I think it would be very disruptive...