The Transaction Account Guarantee Program (TAG) is set to expire at the end of the year. In the midst of the financial crisis, TAG extended bank deposit guarantees for checking accounts above the normal FDIC $250,000 limit, making them unlimited. The program was extended after its first two-year expiration came up in 2010.  It should […]

This article appeared in The Daily Caller.

These are dark times for advocates of sane fiscal policy. The President and other Democrats have interpreted the recent election as a mandate to raise taxes, and if the past is any indication, the instinct from Republicans will be to cave. As if that isn’t bad enough, there’s the possibility of the sequester cuts being […]

Veronique de Rugy documented today the degree to which the natural gas industry has captured the ear of government, receiving favorable treatment as a result: Public outrage at cronyism and corporate welfare is growing—and that’s all to the good. But don’t expect well-connected special interests and politicians to go gentle into that good night. Especially […]

You know your record as President is abysmal when supporters are reduced to touting how much better you’ve done than Herbert Hoover. But that’s where Obama is at, apparently, as historian Robert McElvaine took to the New York Times a few days ago to make exactly that case. Seeking to combat unfavorable comparisons to the […]

In last night’s debate, President Obama once again bragged about pouring  taxpayer dollars into GM and Chrysler, while chastising Mitt Romney for wanting to “let Detroit go bankrupt.” Presuming that Detroit in this context refers to the auto companies that received a bailout, this charge makes no sense. They did go bankrupt. The problem, as […]

Would you want to live in a city with no income, sales or capital gains taxes? Well you can soon move to Honduras and get your chance: Small government and free-market capitalism are about to get put to the test in Honduras, where the government has agreed to let an investment group build an experimental […]

When it comes to taxes, Republicans really do play the stupid party to the Democrats’ evil. If Democrats propose raising taxes, Republicans trip over themselves to offer to sharp contrast by offering to raise taxes a bit less. CF&P President Andrew Quinlan highlighted the latest example of this strategic brilliance in Forbes: [I]t’s not just […]

Pending sequestration cuts are hanging in the air over DC, with politicians squirming under the prospect of actually putting a limit of any kind on spending. There’s a particular debate raging over the propriety of the spending cuts set to hit defense and what they’ll means for military readiness, with some Republicans – typically the […]