Heritage Foundation Senior Policy Analyst Rae Hederman reacts to the Senate’s recently passed stimulus package: In a period of a sluggish economy, it’s disappointing that the Senate has placed special interests over what is good for the economy. While the stimulus bill passed by the House has many problems, the …
President Bush is correct in saying “the long run, Americans can be confident about our economic growth.” Despite the current economic slowdown, productivity remains healthy and most economic fundamentals are strong. The U.S. economy will recover from this slowdown. However, tax rebates and more government spending will not accelerate any …
Brian Darling previews President Bush’s final State of the Union address, noting that Iraq, free trade and taxes will be major themes of the speech. Darling also appeared on the National Association of Manufacturers’ “American Business With Mike Hambrick” to share his thoughts about the speech. [youtube]http://www.youtube.com/watch?v=pIwPLTGppis[/youtube] The White House, …
Conservatives on Capitol Hill are expressing mixed reactions to news that a deal has been struck on an economic stimulus package. Some staffers are expressing disappointment that Republicans agreed to government giveaways of $300 for individuals and up to $1,200 for families. Others said they were grateful that House Minority …
The Associated Press is reporting that Democratic and Republican lawmakers have reached a tentative deal today on a stimulus package. First the good news: the giveaway does not include money for food stamps, unemployment insurance benefits or infrastructure projects. Also, although it is not mentioned in the AP story, we …
Brian Riedl’s paper on economic growth and tax rebates has caused quite a stir. Over at OMB Watch, blogger Craig Jennings calls it “breathtakingly moronic” and resorts to name calling, claiming Riedl would “fail tenth-grade economics” for his analysis. (Jennings mustn’t have known Riedl studied economic policy while earning his …
As if the rumblings from Capitol Hill suggesting President Bush is “open” to a stimulus package larger than his $150 billion offer weren’t bad enough, now Urban-Brookings Tax Policy Center director Len Burman is calling for a tax increase solution to our economic woes. This while even the two leading …
President Bush and congressional Democrats appear ready to put their partisan differences behind them and strike a deal on an economic stimulus package. However, before lawmakers and the White House get too cozy, conservatives are reminding Bush to consider the consequences of issuing tax rebates — repeating a mistake his …
Rep. Baron Hill, a Blue Dog Democrat from Indiana, voiced concern today about the rush for Congress to pass an economic stimulus plan. During the question-and-answer portion of this morning’s hearing before the Joint Economic Committee, Hill noted that Democrats violated PAYGO rules when they passed a one-year freeze for …
