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A Very Simple Plan to Balance the Budget by 2021

Earlier this month, Americans for Prosperity held a “Road to Reform” event in Las Vegas. I got to be the warm-up speaker and made two simple points. First, we made a lot of fiscal progress between 2009 and 2014 because various battles over debt limits, shutdowns, and sequestration actually did result in real spending discipline. […]

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Economic Freedom in America Is Declining Mostly Because of Creeping Protectionism and the Loss of Rule of Law and Property Rights

This century has not been good news for economic liberty in the United States. According to Economic Freedom of the World, America has dropped from being the 3rd-freest economy of the world in 2001 to the 12th-freest economy in the most recent rankings. Perhaps more important, our aggregate score has fallen from 8.20 to 7.81 […]

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Corporate Inversions: Obama Fiddles While the Corporate Tax Burns U.S. Competitiveness

The United States has what is arguably the worst business tax system of any nation. That’s bad for the shareholders who own companies, and it’s also bad for workers and consumers. And it creates such a competitive disadvantage that many U.S.-domiciled companies are better off if they engage in an “inversion” and shift their corporate […]

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The (Attempted Tax) Seduction of Jeb!

If you took a poll of Washington’s richest and most powerful people, you would probably find more than 90 percent of them support tax increases. At first glance, this doesn’t make sense. Why would a group of upper-income people want tax hikes? Are they self-loathing and guilt-ridden? Perhaps, but there’s a better explanation. These are […]

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More Keynesian Primitivism from the Congressional Budget Office

I never watched That ’70s Show, but according to Wikipedia, the comedy program “addressed social issues of the 1970s.” Assuming that’s true, they need a sequel that addresses economic issues of the 1970s. And the star of the program could be the Congressional Budget Office, a Capitol Hill bureaucracy that apparently still believes – notwithstanding […]

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Maintaining and Enforcing Spending Caps Is a Huge Test of GOP Credibility on Fiscal Policy

Let’s celebrate some good news. When politicians can be convinced (or pressured) to exercise even a modest bit of spending restraint, it’s remarkably simple to get positive results. Here’s some of what I wrote earlier this year. …one of the few recent victories for fiscal responsibility was the 2011 Budget Control Act (BCA), which only […]

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