Out of the blue today, President Barack Obama followed in President George W. Bush’s footsteps and announced the formation of his own tax reform panel. President Obama should be applauded for taking on the important work of reforming the tax code because it badly needs an overhaul. Hopefully, the Obama …
The Environmental Protection Agency’s recent endangerment finding that greenhouse gases, including carbon dioxide, “are pollutants that endanger the public’s health and welfare” would come with monumental costs. The cumulative GDP losses for 2010 to 2029 approach $7 trillion. Single-year losses exceed $600 billion in 2029, more than $5,000 per household. …
Commenting on Treasury Secretary Timothy Geithner’s latest bank bailout plan, Nobel Prize-winning economist Joseph Stiglitz told Reuters: Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on …
The financial crisis has exposed a trend that has been in the works for some time. Since the fall of communism, some of the more socialist countries have learned lessons from the Soviet collapse: free markets work, and government planning does not. Meanwhile, the capitalist countries have slept through these …
Via the National Center for Policy Analysis, Hoover Institution senior fellow Scott Atlas identifies 10 things you probably did not know about health care: Fact No. 1: Americans have better survival rates than Europeans for common cancers. Breast cancer mortality is 52 percent higher in Germany than in the United …