Hillary Clinton recently laid out her plan for the economy, which boils down to more government, more spending, more taxes, more regulations and more red tape. It translates into more debt and less growth. Some of the most outrageous provisions of her plan are those that target U.S. corporations abroad. To be fair, Clinton’s policies […]
Presidential nominee Donald Trump wants “to jump start America,” and thinks “it won’t be that hard.” In a speech delivered at the Detroit Economic Club, he outlined his plan for the economy. It boils down some tax cuts, eliminating regulations, and engaging in trade wars. A significant portion of the speech was spent attacking Hillary […]
Our analysis of the House Republican tax plan was criticized by Jared Bernstein in The Washington Post last week. I have a couple of concerns with Dr. Bernstein’s thinking that I would like to share here. One issue with the thinking is a confusion of gross and net values. Bernstein asks, rhetorically, how a $2.4 […]
The Congressional Budget Office has just released their annual “Long Term Budget Outlook” which shows the path of taxes, spending, and debt over the next thirty years. As usual, it’s a very depressing document. There’s already good write ups on it in the Wall Street Journal, as well as by Dan Mitchell of the Cato Institute […]
It’s frequently said that the 2003 tax cuts were the high-water mark of the George W. Bush years. Rate cuts on income and capital gains lowered the penalty placed on work in concert with reduced penalties on the investment that creates new companies and jobs. Bush did well there, and considering the happy reality that […]