I testified before the House Ways & Means Committee earlier today. As always, my trip inside the belly of the beast was an interesting adventure. The tax-writing committee was holding a hearing on the value-added tax. I was on a panel with five other witnesses,…
Sound tax policy is hard to find these days. As CF&P has extensively covered, Congress included the Foreign Account Tax Compliance Act as part of the HIRE Act, passed in March 2010. FATCA takes a fundamentally wrong-headed approach to tax policy. Rather than…
I don’t have my finger on the pulse of black America, and I don’t pretend to understand the emotional and symbolic value of a black President to the African-American community. But I do know that the big-government policies of the Obama Administration have not been…
I’ve pointed out on several occasions that the burden of federal spending fell significantly during the Clinton years. Indeed, if we did nothing other than bring federal spending back down to 18.2 percent of GDP (where it was when Clinton left office), we’d have a…
As a Washington policy wonk somewhat involved in the current debt-limit fight, I will confess that it is very frustrating that the White House has never produced a deficit-reduction plan. I’d much prefer a spending-restraint plan, of course, but I’m flummoxed that…
That seems like a joke question, but it’s an apparently serious belief of Bruce Bartlett, a former supply-sider and Bush Administration official who has flipped sides and joined the left. I’ve known Bruce for decades and he’s a fun guy to hang out with, but he’s gone…
I hope the Speaker resists this siren song and says no to higher taxes.
Last week, we compared a bone-headed display tpqof incompetence by the German government with a perverse form of harassment by a local government in the United States. We have another America-v-Europe contest, but the roles are reversed. This time, the buffoons in…
There are rumors that Obama may do a bit Clinton-era triangulation and agree to a GOP-friendly increase in the debt limit. That means no tax increases and as much as $3 trillion of so-called spending cuts. I’m skeptical, and even if it happens, I suspect that most of…
Actually, the answer is all of the above. He pontificates about debt, but he voted for the fake stimulus and budget-busting Obamacare legislation. He’s a preening self-styled deficit hawk, but the nation’s four largest deficits have occurred since he became Chairman…