Donald Trump fancies himself a financial whiz and an original thinker, but his tax plan—characteristically vague though it is—runs up against the same problems faced by Jeb Bush and many other would-be tax-cutters and repeats their errors: It is nearly impossible to cut federal income taxes in a way that primarily benefits low-income Americans, because […]
Donald Trump released his tax reform plan today, and he’s quite confident that it will boost economic performance. He even went so far as to say that the plan might result in 6 percent economic growth (note: the historical average real GDP growth rate is about half that pace). Is the plan that good? In a […]
Businessman Donald Trump continues to lead in the polls as the media spotlight remains focused on his campaign. Trump has been especially outspoken on immigration but only recently has he outlined his plans in a formal policy paper available via his website. The paper elaborates on “core principles” that Trump asserts will lead to “real […]
In this post from earlier today I mentioned one final point that I wish to make in response to Bret Wallach, who objects to my failure to sympathize more openly and frequently with people whose economic fortunes take a downward trajectory because of the forces of competition and creative destruction. This additional point harkens back […]
If you want to know how serious Republican presidential candidates are about fiscal responsibility, just look at their positions on the spending caps put into place by the Budget Control Act of 2011. The caps, which largely cover domestic discretionary programs and the defense budget, brought a modicum of restraint to the federal spending train […]