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    America Needs a New Balanced Tariff Structure

    Where does America get its shoes? Today, 99 percent of shoes sold in America come from overseas. Imported shoes are taxed at an average rate of 10 percent, with some tariffs as high as 67.5 percent. Inexpensive shoes are taxed at higher rates, a burden for low-income Americans. New Balance … More

    900,000 Reasons Obamacare Is Bad: Moving Americans from Work to Welfare

    Obamacare is not only hurting small businesses and economic growth. It might also give nearly a million low-income individuals a reason to leave work for welfare. A new study from the National Bureau of Economic Research by professors from Columbia University, Northwestern University, and the University of Chicago argues that, … More

    Economic Growth Remains Too Slow Because of Policy Uncertainty

    Today’s report on gross domestic product (GDP) shows that not much changed in the economy during the second quarter. The Bureau of Economic Analysis’s initial estimate shows that economic growth was just 1.7 percent from April 1 through June 30—well below the rate the economy should be growing this far … More

    Obama on Infrastructure: Wrong Again on Government “Investments”

    In yet another summer speech on the economy yesterday, President Obama trotted out familiar tax-and-spend ideas, this time pairing his latest call for a tax increase with his familiar call for increased government “investment” on infrastructure. He touched upon a host of wish-list projects: widening roads, dredging ports, repairing older … More

    Detroit Today, Illinois Tomorrow

    Detroit’s bankruptcy petition last week was far from a surprise, but what should be noted is that it is the first of what will likely be a major wave of municipalities and states that will follow behind. Specifically, President Obama’s home state of Illinois. Many wonder why Detroit waited so … More

    Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs

    The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the numbers into its economic model, and the model gave the result it was written to give: more government spending equals more output in the government … More

    Occupy Wall Street Occupies the White House

    The Occupy Wall Street Movement may be dead as a doornail, but its spirit is alive and well in the White House. Only a few minutes into his umpteenth major pivot to the economy, the President went after the target of the occupiers’ once seething animosity: the reviled 1 percent. … More

    Reid Throws Major Roadblock in Front of Tax Reform

    Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been building for reform. Reid said that any tax reform plan must raise significant revenue. In other words, he wants tax reform to provide cover for … More

    3 "Kitchen Table" Topics for Obama's Speech Today

    President Obama says he’s ready to get back to the “kitchen table” issues we’re all talking about. After months of focusing on gun control, amnesty for illegal immigrants, and other tangents that do not top Americans’ list of concerns, that’s good to hear. Obama told supporters earlier this week that … More

    Most Americans Oppose an Internet Sales Tax

    Imagine being forced to collect sales tax for a state government where your business has no presence or facing audits from a state that is thousands of miles from your home base. The Marketplace Fairness Act (MFA) poses these potential threats to online businesses and other remote sellers. The act … More