According to Friday’s Washington Post, the Administration is considering a new, short-term tax cut. Should conservatives cheer? As a matter of principle, there are at least two reasons to dislike taxes and to applaud tax cuts. First, taxes take money away from those who made the money in the first …
In a recent “60 Minutes” interview, host Steve Kroft primed President Obama with this statement: “Most Americans think we’re spending too much money.” To which Obama uttered a contemplative “Mm-hm.” An understatement, indeed. The nonpartisan Congressional Budget Office estimates that federal spending will reach $3.56 trillion, or about 23 percent …
Two inescapable flaws mar the Clinton economic legend. One is conveniently papered over; the other conveniently forgotten. Even so, a flawed legend is better than the economic reality President Obama’s policies have produced, so it is no surprise the sitting President has outsourced his economic messaging to the former President. …
Are Hispanics—the fastest growing demographic in the country— on their way to becoming a reliably voting liberal bloc? Not so fast, especially considering a recent McClatchy-Marist poll that found that Hispanics, by a margin of 62 percent to 36 percent, favor extending tax cuts for all Americans—including the most affluent. …
Lawmakers have recently paid lip service to cutting the corporate tax rate to help boost economic growth. Doing so would be good policy, but it’s important to know why. Information disseminated by both political parties, think tanks, government organizations, media outlets, and political pundits has confused the issue, leading many …
The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll spend – to revive the economy, never works. The latest installment of Keynesian failure is the payroll …
