I wrote last week about how the Organization for Economic Cooperation and Development, a Paris-based international bureaucracy, has launched a new campaign to promote class-warfare tax policy. I’ve since learned that the OECD’s effort is even more objectionable than I…
Daily Analysis
Harry Reid’s Unicorn Economics
Harry Reid announced recently that millionaire job creators are “imaginary,” just like the “unicorns” that apparently advise him on economics: Senate Majority Leader Harry Reid (D-Nev.) suggested on Monday that millionaires who create jobs are…
Even Officials from the Clinton Administration Agree that the United States Should Have a Lower Corporate Tax Rate
Since the Clinton Administration turned out to be much more market-oriented than either his GOP predecessor or successor, this isn’t quite a man-bites-dog story. Nonetheless, it is still noteworthy that Elaine Kamarck, a high-level official from the Clinton White…
According to the Cluelsss Crowd at the Washington Post, Germany Is “Fiscally Conservative”
By European standards, Germany is in pretty good shape. There’s a very large welfare state and the tax burden is quite onerous, both of which hinder growth, but Germany has been more responsible than the United States in recent years. And while this may be damning…
Why Are American Tax Dollars Subsidizing a Paris-Based Bureaucracy so It Can Help the AFL-CIO Push Obama’s Class-Warfare Agenda?
To be blunt, I’m not a big fan of the Organization for Economic Cooperation and Development. But my animosity isn’t because OECD bureaucrats threatened to have me arrested and thrown in a Mexican jail. Instead, I don’t like the Paris-based bureaucracy because it…
FATCA Hurting Us Now
Peter Dunn, warning of the many issues with the Foreign Account Tax Compliance Act, has written a great article at American Thinker called “FATCA: A Ticking Time Bomb for the Economy.” Lawmakers clearly need to reconsider the law and its accompanying…
In Defense of “Trickle-Down” Economics
Back in September, I posted a flowchart showing how the current tax system is biased against saving and investment. Simply stated, the federal government largely leaves you unmolested if you consume your after-tax income, but there are as many as four extra layers of…
The Less-than-Thrilled Case for Extending the Payroll Tax Holiday
When I think about taxes, my first instinct is to rip up the corrupt internal revenue code and implement a simple and fair flat tax. When I think about Social Security, my first instinct is to copy dozens of other nations and implement personal retirement accounts….
Sequestration Does Not Endanger America’s National Security
The left wanted to get one thing from the Supercommittee, and that was to seduce gullible Republicans into a 1990-style tax increase deal in order to enable bigger government. But I was pleasantly surprised when GOPers failed to surrender, which means that taxpayers…
Supercommittee Fight May Tell Us Whether the GOP Is Beyond Salvage
Some people have asked why I’m so agitated about the possibility that Republicans may acquiesce to tax increases as part of the Supercommittee negotiations. Rather than get into a lengthy discourse about the proper role of the federal government or an analysis of how…