What’s worse, Democrats who deliberately seek to make government bigger because of their ideological belief in statism, or Republicans who sort of realize that big government is bad yet make government bigger because of incompetence? I’m not sure, though this is a perfect example of why I often joke that Washington is divided between the […]
Continue reading Looming Republican Surrender on Spending Caps?
I’m pleasantly surprised by the tax plans proposed by Marco Rubio, Rand Paul, Jeb Bush, and Donald Trump. In varying ways, all these candidate have put forth relatively detailed proposals that address high tax rates, punitive double taxation, and distorting tax preferences. But saying the right thing and doing the right thing are not the same. I […]
Continue reading It’s Time for 2016 Candidates to Unveil Plans to Restrain Spending
Perhaps the least recognized and least appreciated triumph of the GOP Congress is the de facto spending freeze between 2009 and 2014. Fights over debt limits, sequestration, spending caps, and government shutdowns were messy and chaotic, but it’s hard to argue with the results. The burden of federal spending fell from 24.4 pct of GDP […]
Continue reading Why Are GOP Leaders Negotiating a Bad Budget Deal When There’s already a Good Budget Deal in Place?
I’m delighted that so many presidential candidates are talking about partial tax reform and I’ve specifically analyzed the plans put forth by Marco Rubio, Rand Paul, Jeb Bush, and Donald Trump. These proposals all make the tax code less punitive, and that would be good news for job creation, growth, and American competitiveness. But that […]
Continue reading Microsoft Audit Scandal Shows that Restraints on Abusive IRS Should Be Part of Tax Reform Plans
It’s been a challenge to assess Donald Trump’s fiscal policies since they’ve been an eclectic and evolving mix of good and bad soundbites. Though I did like what he said about wanting to pay as little tax as possible because the government wastes so much of our money. On the other hand, some of his […]
Continue reading Trump and Taxes: A Bush-Like Plan from “The Donald”
As we get deeper into an election season, many politicians feel compelled to discuss how to deal with poverty. And some of them may even be serious about trying to improve the system. This hopefully will lead to big-picture discussions of key issues, such as why the poverty rate stopped falling in the mid-1960s. If […]
Continue reading Poverty, the Welfare State, and the Failure of Centralized Government