There are plenty of reason to like and dislike the tax deal between President Obama and congressional leaders. On the plus side, we dodge a big tax increase for the next two years. We also replace a goofy and ineffective “make work pay” tax credit with a supply-side…
Daily Analysis
Riots in England Are another Sign of the Looming Collapse of Europe’s Welfare States
I’ve written before about the upcoming breakdown of the European welfare state, and my fingers are crossed that American policy makers will learn the right lessons and restrain the size and scope of government before we suffer from the social chaos and disarray that…
Two Early Christmas Presents for Taxpayers
Maybe elections have consequences after all. Bolstered by the populist uprising against bloated and wasteful government, politicians in Washington actually defended the interests of taxpayers yesterday. Not just once, but twice. Our first bit of holiday cheer comes…
Why Is David Cameron Funding the Left in the UK…and Will Republicans Defund the Left in America?
Here’s a new video from the Taxpayers Alliance in the United Kingdom exposing how left-wing environmental groups get funded by government handouts.
Even Folks at Harvard and the IMF Are Beginning to Realize You Don’t Solve an Over-Spending Problem with Higher Taxes
In his latest Bloomberg column, Kevin Hassett of the American Enterprise Institute notes that research from places such as Harvard and the International Monetary Fund confirms that spending restraint is the way to successfully reduce red ink – and it’s also the way to…
How’s that Stimulus Working, Mr. President?
The Bureau of Labor Statistics announced this morning that the unemployment rate jumped to 9.8 percent last month. As you can see from the chart, the White House claimed that if we enacted the so-called stimulus, the unemployment rate today would be about 7 percent….
Fiscal Commission Is Using Washington’s Dishonest Budget Math
The Chairmen of President Obama’s Fiscal Commission have a new draft proposal that is filled, according to Reuters, with “sharp spending and benefit cuts.”
That’s music to my ears, so I quickly flipped to the back of the report in hopes of finding hard number…
Earmarks are the Gateway Drug to Big Government Addiction
I haven’t commented much on earmarks, but an oped in today’s Washington Post was has goaded me into action. A former Reagan Administration appointee (the Gipper must be spinning in his grave), who now makes a living by selling our money to the highest bidder, made s…
Don’t Blame Ireland’s Mess on Low Corporate Tax Rates
Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nation’s 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy i…
Another Tax-Hike Scheme from another “Bipartisan” Group of Washington Insiders
I’ve already commented on the proposal from the Chairmen of President Obama’s Fiscal Commission (including a very clever cartoon, if it’s okay to pat myself on the back). Now we have a similar proposal from the so-called Debt Reduction Task Force. Chaired by former…