When the Democrats were still in the minority, Americans were paying $2.91 a gallon on average for gasoline. At the time, Minority Leader Nancy Pelosi (D-Calif.) promised “a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in …
If last night’s Democratic debate proved anything, it’s that the era of liberal tax-and-spend promises is back with a vengeance. The most illuminating exchange was between ABC’s Charlie Gibson and Sen. Barack Obama on capital gains taxes. After Gibson laid out the facts — that each time rates have been …
John McCain continues to explain his economic philosophy and round out his program, and the picture he draws of a serious tax-cutting fiscal conservative contrasts starkly with the high-tax, redistributive, big spending liberals running in the other party. In addition to his previously announced pro-growth policies of cutting the corporate …
Reps. John Campbell (R-CA) and Jeb Hensarling (R-TX) have offered a constitutional amendment that would forbid federal spending from growing faster than the economy (as defined by the nominal gross domestic product). Both lawmakers should be applauded for acknowledging that runaway spending – rather than low tax revenues – is …
Pricewaterhouse Coopers and the World Bank Group released their 2008 “Paying Taxes” publication earlier this week. The study compares tax regimes from around the world using three indicators (number of tax payments, time spent paying taxes, and total tax rate). According to the Executive Summary “corporate income taxes only account …
The National Taxpayers Union released its 2007 “Taxpayer Score” yesterday. The annual NTU rating reflects a congressperson’s commitment to reducing federal spending, taxes, debt and regulation by analyzing every roll call vote affecting fiscal policy (including appropriations, authorization, and tax bills; budget target resolutions; amendments; and certain procedural votes that …
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“, …
