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    Morning Bell: Christmas in September

    For most Americans, there are 100 shopping days left until Christmas. But for the special interests in Washington, there are only 10 shopping days left with Congress tentatively set to adjourn for the year on Sept. 26. One would hope the financial turmoil on Wall Street would give legislators pause … More

    Obama’s Brilliant Stimulus Plan: An Energy Rebate

    Killing two birds with one stone; Barack Obama has it all figured out. To compensate for the high costs of gas and energy prices and revamp the struggling economy, presidential nominee Barack Obama conjured up a plan to give $500 to individuals and $1000 to families as soon as this … More

    Upcoming Housing Bill Panders to Democrats' New Base

    When Congress passed its economic “stimulus” package this February, lawmakers tried to make it look like the plan would help lower-income Americans while not benefiting the rich. They made the $600 tax credit ($1,200 for married couples) refundable and excluded anyone making more than $87,000 ($174,000 for couples) from qualifying. … More

    A Pointless Excercise at the Post

    The Washington Post solicited plans from each of the remaining presidential campaigns on what each candidate will do, if elected, “to solve the current crisis.” Gene Sperling wrote for Hillary Clinton, Dougla Holtz-Eakin wrote for John McCain, and Austan ‘I did not make reassurances to that Canadian” Goolsbee wrote for … More

    Morning Bell: Just Don't Call It a Tax Hike

    It is not common to advocate for tax increases as the economic outlook darkens, but that is exactly what liberals in Congress did yesterday when the House and Senate passed budget blueprints. Sympathetic minds in the press are determined to portray the budget proposals as only letting “tax cuts expire“, … More

    Morning Bell: Holding the Line on Deficit Spending

    The U.S. taxpayer dodged a bullet last night when Senate conservative succeeded in stalling the latest deficit spending project, this time sold as a housing relief package. The bill was a disaster from stem to stern not just for taxpayers, but for anybody who hoped to buy a home in … More

    Morning Bell: Less Government, More Trade Is Best Stimulus

    The checks from the first stimulus package have not even been mailed yet and already the Senate is contemplating another $75 to $95 billion deficit spending spree. This time they want to give away more federal dollars in jobless benefits, food stamps, heating bills, and new infrastructure. Before Congress breaks … More

    Not So Fair and Balanced at the Wall Street Journal

    A story in yesterday’s Wall Street Journal , “Cost of Business Tax Cuts Underestimated,” argues that the revenue estimates of the business tax cuts included in the tax stimulus bill are low-balled because the tax relief is spread over a number of years and so the time value of money … More

    A Real Solution to Our Economy's Woes

    The federal government is doing all it can to revive the economy and prevent the United States from dipping into a recession. Most notable is the stimulus package focused on tax rebates which, in effect, won’t actually stimulate the economy. As Roy Innis, chairman of the Congress of Racial Equality, … More

    Morning Bell: Stop the Tehran Two Step

    When the National Intelligence Estimate announced that, “We judge with high confidence that in fall 2003, Tehran halted its nuclear weapons pro­gram,” it was the lead story in the nation’s biggest newspapers. But following congressional testimony from Director of National Intelligence Michael McConnell that only the “least significant” parts of … More