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    Morning Bell: 6 Fixes to America's Fiscal Crisis

    President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to … More

    Lesson for Warren Buffett: British Millionaires' Response to Tax Increases

    As the fiscal cliff approaches, Congress and President Obama continue to debate tax increases, even though spending is the problem. Investor Warren Buffett recently opined that tax hikes on the wealthy would not curtail investments or hurt the economy. His logic, like President Obama’s, assumes that incentives don’t matter. Oh … More

    Fiscal Cliff: Where Are Your Spending Cuts, Mr. President?

    The fiscal cliff debate has centered on talk of raising taxes on high-income Americans. The silence on spending cuts has been deafening. On Monday, as if on cue, came investor Warren Buffett’s rehashed—albeit flat-out wrong—proposal to raise taxes on the wealthy. Even though the Obama Administration has said both sides … More

    Morning Bell: 4 Reasons Warren Buffett Is Wrong on Tax Hikes

    Let’s talk taxes. In a New York Times op-ed yesterday, famed investor and Berkshire Hathaway CEO Warren Buffett once again argued that the wealthy should be taxed more. This isn’t the first time Buffett has made the case for higher taxes, and it’s not the first time he’s been wrong. … More

    Warren Buffett Wrong Again on Tax Increases

    As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point with his periodic call for higher taxes on his ilk of billionaires. Today was the day. Buffett, of course, is welcome to his opinion, but … More

    The Right Time for a Carbon Tax Is Never

    Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison. So it is surprising that an explicit tax on fossil energy is now being pushed in Washington. The hope among carbon-tax proponents is that they … More

    Post-Election, Refocusing on National Security

    According to research by Politico, interest in the impending automatic defense cuts took a dive leading up to the election. But as the post-election polling and punditry subside, American citizens are returning their focus to pressing matters such as the so-called fiscal cliff and sequestration. Yet on Capitol Hill—where these … More

    What Are Economists Really Saying About Tax Rate Increases?

    On Friday, Representative Pete Sessions (R–TX) and House Speaker John Boehner (R–OH) ran afoul of Glenn Kessler’s “Fact Checker” blog regarding a study of President Obama’s proposed tax increase. Before deciding on a tax change, policymakers are wise to look at the economic impacts of the change. Two Studies In … More

    Morning Bell: The Threats of a Lame Duck Congress

    The lame-duck session begins today, with retiring and defeated Members of Congress coming back to Washington to make their last legislative decisions. Because of the lack of accountability to voters, the lame-duck period brings heightened scrutiny. Congress has 16 working days scheduled between now and the end of the year, … More

    Morning Bell: The President's Top 5 Immediate Problems

    Now that President Obama will never face re-election again, it is time for the campaigning to end. Perpetual political rhetoric and promises do not matter any more. Action—and leadership—are sorely needed on pressing issues that threaten the United States. America’s people are under threats to their livelihoods, their protection, and … More