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Syndicated Columnists
5 Reasons to Make the Trump Tax Cut Permanent
- By Stephen Moore
No issue defines the diametrically opposite economic philosophies of Joe Biden and Donald Trump than their position on the Trump tax cuts. Trump wants to make those tax cuts permanent; Biden has repeatedly promised to tax America back to prosperity by repealing the Tax Cuts and Jobs Act. But there are so many factual errors swirling around regarding the Trump tax cuts that it's a wonder that the "truth screeners" on the internet haven't flagged this all as "disinformation."
So, as a public service I will help do their job for them and review "just the facts, ma'am," using the official government data, on how after five years the tax cuts have impacted jobs, the economy, tax fairness and the simplicity of the tax code.
- Hits: 274
Biden 2.0 -- Be Afraid, Be Very Afraid
- By Stephen Moore
Could a second Biden term be more injurious to the economy than his first term? It seems unimaginable given the first three years gave us 20% inflation, a $2,000 loss in average real incomes for the middle class, 6 million added illegal immigrants, a war on American energy that has caused gas prices to rise by more than 40% to $3.64 a gallon, the collapse of our many major cities, another $6 trillion added to the national debt, the unaffordability of new homes, and the chaos on college campuses.
So what's the encore to that abysmal performance? What will Bidenomics 2.0 look like if it comes to that?
- Hits: 338
That '70s Show -- Is Biden Taking America Back to the Age of Jimmy Carter?
- By Stephen Moore
Everything that is happening in our fractured nation today seems so worrisomely reminiscent of America's last lost decade -- the 1970s.
For those who don't remember, the late 1970s under part-time President Gerald Ford and then much worse under President Jimmy Carter was one economic and national security setback after another.
The witches' brew of high inflation of 7% to 10% by 1979 and ever-increasing tax rates -- which rose as high as 70% -- drove the economy into a ditch. Real family incomes cratered under Carter because inflation rose so much faster than family take-home pay. Homes became unaffordable, with interest rates on mortgages skyrocketing up to 17%. Gas prices tripled. Carter blamed "Big Oil" and "invested" in pipe-dream green energy alternatives that all went bankrupt.
- Hits: 272
Four Radical Reforms to Shrink the Federal Budget
- By Stephen Moore
It was nearly 50 years ago that a liberal Congress completely dominated by Democrat big spenders passed a new set of budget rules -- the Congressional Budget and Impoundment Control Act of 1974.
It has been a complete and unmitigated disaster. Since the act's passage, the budget has been balanced four times and unbalanced 46 times. This was by design. Despite being called a "budget reform" law, the act was intended to grease the skids for new spending, but even Congress members the '70s who designed it that way couldn't have imagined the Pandora's box of spending and debt it uncorked.
The law's intention was to loosen restrictions on congressional spending, and to that extent, it worked.
- Hits: 361
Why Small Businesses Hate Bidenomics
- By Stephen Moore
If the economy is so good, why do small business leaders feel so bad?
The latest Small Business Optimism Index from the National Federation of Independent Business could hardly be more depressing. It finds that the men and women who run our 33 million small businesses and hire more than half of American workers are in a somber mood. The survey finds that small-business confidence has reached its lowest point in 12 years.
Amazingly, small company CEOs are even more fearful of the future today than during the COVID-19 pandemic, when most businesses were shuttered. The confidence numbers have decreased every year President Joe Biden has been in office. Here are the numbers, according to NFIB:
- Hits: 365
Joe Biden on the Economy: I Don't Feel Your Pain
- By Stephen Moore
In 1992, Democratic presidential nominee Bill Clinton famously answered a voter question about how the national debt affected him personally. Clinton's response was often paraphrased as, "I feel your pain."
Whether Bill was for once being sincere or not, his words resonated.
Now President Joe Biden is running for reelection with the opposite message: Stop complaining. Everything is going great. Some of his sycophants in Congress and his stooges in the media are now complaining that the problem isn't Biden's failed policies, it's that Americans are just too stupid to understand how good things are today.
- Hits: 319
The Biden Administration Takes a Swipe at Credit Card Industry
- By Stephen Moore
The Biden administration regulators see a monopoly boogeyman behind the curtain of nearly every business merger and acquisition -- from airlines to cellphones to chicken producers.
Now they're trying to stop Capital One from acquiring the credit card company Discover.
That's a bizarre cease-and-desist order, because this acquisition by Capital One would INCREASE rather than inhibit competition in an industry that processes two-thirds of retail store and online transactions worth $5 trillion each year. Americans love swiping and tapping for their shopping.
- Hits: 352
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Henry Lamb's Column