I appeared on CNBC yesterday to talk about the “fiscal cliff” and the potential impact on economic performance. You won’t be surprised to learn that I’m mostly concerned with how the issue gets resolved. Yes, there is some temporary uncertainty that is probably making markets skittish, but I’m much more worried about Obama bullying the […]
read more...President Obama and other statists in Washington want a big class-warfare tax hike. They claim the additional revenue is necessary to reduce red ink. But their ideological crusade is based on some blatant distortions. They tell us that tax increases are necessary, but even CBO data shows that the budget can be balanced in just […]
read more...Obama has staked out a very dogmatic and inflexible position on class-warfare tax hikes and he obviously wants all of us to think only the “rich” will be impacted. I think it’s foolish to penalize investors, entrepreneurs, small business owners and other upper-income taxpayers. What nation, after all, has ever prospered by placing obstacles in […]
read more...I’m in Jersey, where I gave a speech last night. But not New Jersey, the state where you shouldn’t die. That’s the state that many people have been fleeing because they don’t like paying confiscatory taxes to finance bureaucrats who make as much as $320,000 per year. Instead, I’m in the Bailiwick of Jersey, which […]
read more...Augmented by some amusing cartoons, I’ve already warned that the hysteria about the fiscal cliff is basically a ploy by the politicians to extract more revenue to finance bigger government. Elaborating on this concern, I wrote a column for today’s New York Daily News. I started with a description of the three issues that are […]
read more...The Center for Freedom and Prosperity Foundation (CF&P) released today its latest “Economics 101” video, which analyzes the President’s divisive approach to tax policy. Entitled, “Obamanomics: Class Warfare vs Pro-Growth Tax Policy,” the video explains what’s wrong with the President’s approach and offers a pro-growth alternative.
read more...Even though he promised to bring Americans together, President Obama has used class-warfare tax policy to persecute and demonize successful entrepreneurs and investors. This mini-documentary from the Center for Freedom and Prosperity Foundation explains why the tax code shouldn’t be used for anything other than fairly and neutrally collecting a minimum amount of revenue to fund the legitimate functions of the federal government.
read more...The half-joking response to the question in the title of this post is that policymakers should look at what’s happening in poorly run jurisdictions such as California, France, Illinois, and Greece – and then do just the opposite. In other words, steer clear of punitive class-warfare tax rates and make sure to control the burden […]
read more...You have to give President Obama credit for chutzpah. He pushed through a faux stimulus in his first year and Obamacare in his second year, both of which significantly increased the burden of government spending. In the past two years, he’s basically punted, proposing budgets that are so laughably unserious that they received zero votes […]
read more...I never thought I’d be quoting Chuck Norris about Obama’s tax policy, but he has a nice rant that includes a collection of the President’s more offensive statements. Sort of akin to the list I put together in this post (which also includes some preposterous statements by Secretary of State Clinton). Here is the key part […]
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