A Bag Idea: DC’s Newest Tax Hurts Businesses, Consumers
DC lawmakers tried to sugarcoat the five cent per bag tax on store bought items, calling it a fee rather than a tax. The tax… Read More
DC lawmakers tried to sugarcoat the five cent per bag tax on store bought items, calling it a fee rather than a tax. The tax… Read More
Today marks the seventh year that we have published the Index of Dependence on Government. And, for seven years running, our Index shows growing dependence…. Read More
In his State of the Union Address, President Barack Obama proposed “a modest fee” on banks that “would pay back the taxpayers who rescued them… Read More
Federal spending is out of control. Even President Obama knows it. To really stop the madness, Reps. Jeb Hensarling (R-TX), Mike Pence (R-IN), and John… Read More
Tomorrow, the European Union will unveil its Europe 2020 strategy, designed to make Europe the most competitive, dynamic, knowledge-based economy by 2020. If the slogan… Read More
Last January, Senators Jeff Sessions (R-AL) and Claire McCaskill (D-MO) introduced an amendment which would have taken the first steps toward restoring fiscal responsibility in… Read More
Littered throughout the President’s proposed budget and health care plan are over $2 trillion in new taxes. In the budget we see tax hikes on… Read More
Vice-President Biden recently released the report of his task force on how to help the middle class. While there are a few excellent recommendations, most… Read More
It has been a little over one year since the stimulus package was passed through Congress in order to spur private consumption and to decrease… Read More
Was the stimulus (A) a job creation bill or, (B) a liberal spending wish list? A new Government Accountability Office (GAO) study suggests that option… Read More
The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs…. Read More
Is a congressional compromise on financial services regulation in the works? Steven Pearlstein of the Washington Post today reports the answer is “yes,” citing progress… Read More
The latest attempt by Congress to wrestle the high unemployment rate is the HIRE Act, which is little more than a tax holiday for companies… Read More
Inflation is ultimately and always a monetary phenomenon. The Federal Reserve’s extraordinary actions during the recent crisis now require executing a difficult exit strategy without… Read More
Toyota’s Chief Executive Officer Akio Toyoda testified yesterday about safety and quality control after his company recalled 8.5 million cars and trucks worldwide – 6… Read More
The special inspector general for the TARP program, Neil Barofsky, has made a reputation for himself by issuing tough assessments of the troubled federal program… Read More
My Corner post from last Wednesday — pointing out that government “stimulus” spending does not add new purchasing power to the economy because the government must… Read More
Businesses have to deal with nearly unprecedented levels of uncertainty due to Washington’s inability to give them a clear roadmap of what policy changes lay… Read More
Who said the 111th Congress has never accomplished anything? Today, major parts of the Credit Card Act of 2009 take effect. Enacted last May with… Read More
For most of a century, macroeconomists have debated the pros and cons of government “stimulus” policies. Because there is no way to determine how the… Read More
The recent debt limit increase passed by Congress has sparked a national debate on how to adequately reverse out-of-control federal spending. After much congressional hand-wringing… Read More
Liberals are trying to take a big victory lap today over the stimulus. They proudly proclaim that the stimulus created more than two million jobs…. Read More
Rep. Paul Ryan (R-WI) recently introduced the “Roadmap for America’s Future”, a plan to reduce federal spending, pay off the national debt, and ensure future… Read More
On the stimulus’s first anniversary, keep in mind one number: 9 million. That is the Obama jobs gap — the difference between the 3+ million… Read More
President Obama says he wants to reduce America’s record trillion-dollar deficits. Too bad he hasn’t even correctly diagnosed their cause. During his State of the… Read More
Despite efforts by Senator Baucus (D-MT) and Senator Grassley (R-IA) to draft a broad and bi-partisan federal legislation as part of another round of federal… Read More
The Associated Press reported yesterday that “There’s a problem with the bipartisan jobs bill emerging in the Senate: It won’t create many jobs.” Given the… Read More
Senate Majority Leader Harry Reid (D-NV) says “the American people need a message. The message that they need is that we are doing something on… Read More
The Congressional Oversight Panel (COP), the watchdog board created by Congress to oversee the TARP program, yesterday issued the equivalent of a severe weather warning… Read More
The White House Council of Economic Advisers (CEA) has released a projection of jobs created by the economic stimulus bill. However, the method they used… Read More
