Warren Buffett once said that it wasn’t right for his secretary to have a higher tax rate than he faced, leading me to point out that he didn’t understand tax policy. The 15 percent tax rates on dividends and capital gains to which he presumably was referring…
Daily Analysis
Democrats Unfurl the White Flag on Taxes and Class Warfare
I’m dumbfounded and amazed. When Democrats and Republicans have a game of chicken, the GOP blinks 99 percent of the time. And I thought for sure this was going to happen in the fight about whether to extend all the 2001 and 2003 tax cuts (the GOP position), or whether…
A Contest: Which Story Is More Upsetting?
Here’s a change of pace. Instead of doing separate blog posts on the following two stories, I’m curious to see which one generates the most irritation/anger/disgust from you readers. The first option comes from the Wall Street Journal’s editorial page, which is…
Wages Should Be Determined by Markets, not Quota-Driven Bureaucrats
Christina Hoff Sommers of the American Enterprise Institute decimates the bean-counting feminist “paycheck fairness” legislation being considered by the Senate. Republicans presumably know this is a bad idea, but one can only wonder whether they will do the right…
The GOP “Pledge” Doesn’t Go Far Enough: There Should Be No Federal Government Role in Housing
Considering they could have sat on their hands and relied on unhappy voters to give them big gains in November, I’m not too unhappy about the House GOP’s “Pledge to America.” Yes, it’s mostly filled with inoffensive motherhood-and-apple-pie language, but at least…
Government Insurance Meddling Costs Kids Coverage
Consider this a prelude to Obamacare: Tens of thousands of Texas children will be directly affected by the 11th-hour decision of a number of major health insurance companies to stop selling child-only policies rather than comply with the new federal law that requires…
Bashing Bailouts and Inflexible Unions
No CAP bedwetter to debate in this segment.
Strangling Entrepreneurship and Job Creation with $1.75 Trillion of Regulation and Red Tape
A new study from the Small Business Administration’s Office of Advocacy concludes that annual regulatory costs jumped by nearly $600 billion between 2005 and 2008. Thanks to the Obama Administration’s big-government agenda, the burden of red tape today doubtlessly is…
It’s Simple to Balance the Budget without Higher Taxes
John Podesta of the Center for American Progress had a column in Politico yesterday asserting that “closing the budget gap entirely on the spending side would require draconian programmatic cuts.” He went on to complain that there are some people who “refuse to look…
New Orwellian Tax Scheme in England Would Require all Paychecks Go Directly to the Tax Authority
Our tax system in America is an absurd nightmare, but at least we have some ability to monitor what is happening. We can’t get too aggressive (nobody wants the ogres at the IRS breathing down their necks), but at least we can adjust our withholding levels and control…