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    Is a Tax Cut Always a Good Thing?

    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 … More

    Obama Ducks Responsibility for Washington's Spending Binge

    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 … More

    Two Huge Flaws in the Legend of the Clinton Economy

    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. … More

    Latinos Favor Tax Cuts for All, Including the Wealthy

    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. … More

    Morning Bell: What Tax Day Could Feel Like in 2013

    In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. In other words, for … More

    Sweden Is Not Just About ABBA and IKEA Anymore

    Sweden is known for, among other things, Swedish meatballs, the pop group ABBA, and IKEA. Well, here is another thing that Sweden should be recognized for: tax cuts. Yes, you heard right: tax cuts. Sweden used to tax corporations at a 60 percent rate. Now that has come down to … More

    New Poll Shows Most Voters Want Lower Taxes, Even on the Rich

    To hear liberals tell the tale, you might think that most Americans want to tax the pants off  businesses and wealthy Americans, making them pay their “fair share,” as President Obama would have you believe. But according to a new poll, that simply isn’t the case. In fact, the vast … More

    Tax Cuts and Supply-Side Effects

    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 … More

    Semantics: “New Revenues” v. Tax Increases

    If you’re following the evolving terms of the budget debate, the hip new phrase is “new revenues.” It sounds so much cooler than “tax increases.” Both parties are massaging their rhetoric in the debt ceiling fight, and the media are using the phrase “new revenues” to describe proposals to reduce … More

    Continual Keynesian Collapse

    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 … More