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June 8, 2022

Taxes Cause Deadweight Loss

Economists know to look under the covers when it comes to taxes, and they often find what's known as "deadweight loss."

May 18, 2022

We've Only Just Begun . . . to Spend

If you think inflation is bad now, wait until state and local governments and the feds start spending all of that appropriated money in the infrastructure bill.

May 11, 2022

Cut in Corporate Tax Rates Overachieved

The 2017 tax cut legislation performed better than the CBO predicted, and even better than I predicted.

May 4, 2022

Supreme Court Correctly Rules on . . . SALT Deduction

One of the reasons the SALT cap withstood the court challenge is because it’s actual legislation. It would be a grotesque overreach for the judicial branch to overturn a legitimate exercise of self-government through the legislative process.

April 27, 2022

President's Council of Economic Advisers Pushes Higher Taxes on the Wealthy

Taxing wealth reduces the incentive to create wealth and transfers it from where it is used productively to the government where it likely won’t be used productively. That transfer causes lower growth, not higher growth.

April 20, 2022

Bracket Creep

States that have never indexed their income tax rates should learn from states that have and use this time of flush state budgets to do so.

March 30, 2022

Biden's New Proposed Wealth Tax

Biden proposes a wealth tax he once opposed, targeting billionaires whose net worth is $100 million. 

March 17, 2022

More Defense Spending, But How?

Most observers realize that the United States is going to have to increase its defense spending. But, with federal debt ballooning, interest rates rising and the return of inflation, we simply must set our fiscal house in order. We must be able to say “no” to more things so that we can “yes” to a stronger defense.

 

March 9, 2022

Correcting Biden

In his State of the Union address, President Biden said the 2017 tax reform only benefited the top 1% of income earners. To put it bluntly, he lied.

March 3, 2022

Look, C'mon Folks: Joe Biden Doesn't Understand Inflation

There is no solution to inflation other than reining in loose money and enduring whatever temporary economic pain may result. 

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