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    Include Taiwan in the Trans-Pacific Partnership

    “We do hope to [get] into TPP [Trans-Pacific Partnership] as early as possible,” said Mignonne Man-Jung Chan, former senior adviser to the President on Taiwan, at a recent event at The Heritage Foundation. Dr. Chan’s statement reflects the opinion of the Taiwanese government and key analysts who echo the sentiment … More

    Former Virginia Governor Jim Gilmore: Internet Sales Tax Hurts Small Businesses

    The misnamed Marketplace Fairness Act (MFA), commonly called the Internet sales tax, recently passed the Senate and awaits action in the House. If it becomes law, it would force online retailers to collect sales taxes from residents in states in which the businesses have no attachment. It would overturn the … More

    $150,000 in the Bank and Drawing Income from Social Security’s SSI

    An individual with $150,000 in the bank received Supplemental Security Income (SSI), a program intended for blind, disabled, or elderly individuals with limited financial resources, revealed the Government Accountability Office (GAO) in a recent report. SSI, though administered by the Social Security Administration (SSA), is funded by general tax revenue. … More

    Young Africans Need Economic Freedom, Not Lectures About Climate Change

    Speaking to students during his recent trip to Africa, President Obama said that “if everybody is raising living standards to the point where everybody has got a car and everybody has got air conditioning, and everybody has got a big house, well, the planet will boil over—unless we find new … More

    Good News: Reporters Link Bigger Trade Deficit to Stronger Economy

    The government just announced that the trade deficit for May increased by $400 million. Usually, the media report announcements of bigger trade deficits as bad news, accompanied by mistaken assertions that trade deficits are a drag on the economy. But this time, some reporters got it right. According to Reuters: … More

    Egypt Protests: One Reason for the Unrest

    Although millions have marched again in the streets of Cairo in recent days, it is still uncertain whether the revived demonstrations will deliver much-needed economic and political reforms that the people have demanded. Yet the struggles in Egypt clearly highlight an important truth: Economic freedom matters. A stagnant domestic economy … More

    Trade Deficit Worry Warts Ignore $26 TRILLION in Foreign Investment

    The U.S. Bureau of Economic Analysis (BEA) recently reported that job-creating foreign investment in the United States is approaching $26 trillion. In the first quarter of 2013, the value of foreign investment in the United States increased by $394 billion. That includes investments in U.S. stocks and bonds, government securities, … More

    Can You Opt Out of Your Union Dues?

    I joined the United Food and Commercial Workers Union Local 1245 as a high school student in New Jersey. Having to pay union dues in high school surprised me. But I was working to save money for college and did not investigate further. I did not know that I didn’t … More

    Tales of the Red Tape #40: The USDA Rabbit Police

    There’s no good way to deliver this disturbing bit of news except to come right out with it: Marty the Magician and others in the business of pulling a rabbit from a hat are under strict orders from the federal government to develop a “contingency plan” for handling their critters … More

    Sequestration? What Sequestration?

    President Obama claimed that millions of Americans would suffer if Congress failed to prevent the $85 billion in automatic budget cuts known ominously as “sequestration.” But according to David Fahrenthold and Lisa Rein of The Washington Post, sequestration “has not produced what the Obama administration predicted: widespread breakdowns in crucial … More