Fiscal Policy
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Let’s Cut the Budget Nonsense
“The Biden administration’s goal seems to be to spend lots of money on new unnecessary programs or failing existing programs, and to pay for it with yet more debt and with novel taxes likely to fall more heavily on middle class Americans and small businesses than on big corporations or the rich.” ~ Robert E.…
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Is it a LOLR? No, It’s a Trap
“The reason this is infuriating is that we are being told that taxpayers should be willing to double down, to reimburse even-more-careless depositors for their negligent inattention to risk.” ~ Michael C. Munger
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The Biden Budget: Smoke, Mirrors, and Class Warfare
“Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy.” ~ Nikolai G. Wenzel
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The Unconstitutional Tax on “Unrealized Capital Gains”
“Much like the contrived economic arguments behind the wealth tax, its legal arguments are a result of politically motivated reasoning to bring about a new tax system that the Constitution prohibits.” ~ Phillip W. Magness
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Silicon Valley Bank: Bespoke, Woke, and Restoked?
“In a chorus which has become familiar, the S&P 500 futures just leapt upward, as the dollar fell with equal fervor. Relief for equities, a snub to the greenback. At 7:45pm EDT on an otherwise quiet Sunday night in March, this is what that kicking the can down the road looks like.” ~ Peter C.…
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For a Fair and Efficient Tax Policy, Restore the SALT Deduction
“Restoring full deductibility would realign the Republican party’s position on this issue with a more free-market approach to tax fairness and its long-time support of supply-side tax analysis, which guided most of the other changes in 2017.” ~ Roy Cordato
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Proponents of Fiscal Stimulus Need to Stop Using World War II as an Example
“If proponents of fiscal stimulus want to use wartime spending as an empirical illustration to make their case, they need to be aware that doing so relies on a bad understanding of economic facts.” ~ Vincent Geloso
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Responsible Budgeting Corrects Bipartisan Overspending Crisis
“The negotiations around raising the debt ceiling should be that opportunity to provide fiscal sanity. If not, we will have more costly consequences that Americans can’t afford.” ~ Vance Ginn
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Apres Biden, Le Deluge: When the Republican Party Gives Up Entitlement Reform
“Even the Biden Treasury Department labels the present financial path as ‘unsustainable.’ Refusing to look at so-called entitlements, most importantly Medicare and Social Security, ensures growing outlays, deficits, and debt.” ~ Doug Bandow
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Why “Disincentive Deserts” Matter Far More Than Benefits Cliffs
“Benefits cliffs certainly remain an important area of policy study, but we should pay more attention to creatively solving the problems of disincentive deserts, since they exist for such long and dispiriting spans of workers’ income journey.” ~ Craig J. Richardson
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•
Let’s Cut the Budget Nonsense
“The Biden administration’s goal seems to be to spend lots of money on new unnecessary programs or failing existing programs, and to pay for it with yet more debt and with novel taxes likely to fall more heavily on middle class Americans and small businesses than on big corporations or the rich.” ~ Robert E.…
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•
Is it a LOLR? No, It’s a Trap
“The reason this is infuriating is that we are being told that taxpayers should be willing to double down, to reimburse even-more-careless depositors for their negligent inattention to risk.” ~ Michael C. Munger
-
•
The Biden Budget: Smoke, Mirrors, and Class Warfare
“Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy.” ~ Nikolai G. Wenzel
-
•
The Unconstitutional Tax on “Unrealized Capital Gains”
“Much like the contrived economic arguments behind the wealth tax, its legal arguments are a result of politically motivated reasoning to bring about a new tax system that the Constitution prohibits.” ~ Phillip W. Magness
-
•
Silicon Valley Bank: Bespoke, Woke, and Restoked?
“In a chorus which has become familiar, the S&P 500 futures just leapt upward, as the dollar fell with equal fervor. Relief for equities, a snub to the greenback. At 7:45pm EDT on an otherwise quiet Sunday night in March, this is what that kicking the can down the road looks like.” ~ Peter C.…
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•
For a Fair and Efficient Tax Policy, Restore the SALT Deduction
“Restoring full deductibility would realign the Republican party’s position on this issue with a more free-market approach to tax fairness and its long-time support of supply-side tax analysis, which guided most of the other changes in 2017.” ~ Roy Cordato
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•
Proponents of Fiscal Stimulus Need to Stop Using World War II as an Example
“If proponents of fiscal stimulus want to use wartime spending as an empirical illustration to make their case, they need to be aware that doing so relies on a bad understanding of economic facts.” ~ Vincent Geloso
-
•
Responsible Budgeting Corrects Bipartisan Overspending Crisis
“The negotiations around raising the debt ceiling should be that opportunity to provide fiscal sanity. If not, we will have more costly consequences that Americans can’t afford.” ~ Vance Ginn
-
•
Apres Biden, Le Deluge: When the Republican Party Gives Up Entitlement Reform
“Even the Biden Treasury Department labels the present financial path as ‘unsustainable.’ Refusing to look at so-called entitlements, most importantly Medicare and Social Security, ensures growing outlays, deficits, and debt.” ~ Doug Bandow
-
•
Why “Disincentive Deserts” Matter Far More Than Benefits Cliffs
“Benefits cliffs certainly remain an important area of policy study, but we should pay more attention to creatively solving the problems of disincentive deserts, since they exist for such long and dispiriting spans of workers’ income journey.” ~ Craig J. Richardson