ArcaMax

Everyone knows that the "big, beautiful" tax bill signed into law on the Fourth of July lowers tax burdens for families and businesses. It also averts a $4 trillion tax increase starting next year. That's enough reason to heartily celebrate.

But what isn't well known is that this new law doesn't just change tax policy. It includes dozens of ...Read more

At the birth of the internet age in the early 1990s, the U.S. and Europe took opposite approaches to advancing this new economy-changing technology.

Europe tried the approach of industrial policy: They allowed government to regulate, subsidize and then tax the swarm of new tech companies that emerged.

Here in the U.S., Congress and the Clinton...Read more

The House-passed "big, beautiful" tax bill is a tremendous achievement and a giant sparkplug for growth. The bill extends all the Trump tax cuts of 2017, thus heading off a $4 trillion tax INCREASE next year. It expands health savings accounts, includes expensing of major capital and research expenditures by businesses, allows more money for ...Read more

These days it seems that a mysterious group called "the CBO" rules the world, or at least Washington, D.C. Unfortunately, it's not very good at predicting things, and its bad calls can lead to bad policy results.

The Congressional Budget Office and the Joint Committee on Taxation predict what will happen with spending, tax revenues and deficits...Read more

In one of the most convoluted lawsuits of all time, a cabal of state attorneys general and the Federal Trade Commission are now accusing financial firms BlackRock, State Street and Vanguard of monopolistic behavior. The complaint asserts that these firms bought coal stocks and then helped impose radical environmental restrictions on the ...Read more

Here's an economics lesson that belongs in the textbooks.

Student loan debt soared to more than $1.5 trillion during the Biden presidency, and the response by Washington was to "forgive" hundreds of billions of these unpaid loans by deadbeat borrowers and let the taxpayers pick up the tab. It was never clear why the universities that charge ...Read more

As the late senator from Washington state, Warren Magnuson, who served for more than 30 years in Congress, once said, "All that each industry seeks is a fair advantage over its rivals." Wilt Chamberlain had a fair advantage on the basketball court because he stood 7-foot-1. It allowed him to score 100 points in a single game.

The Trump 2.0 tax ...Read more

Situated on the outskirts of Sacramento is California's largest master-planned community, McClellan Park. It has homes, offices, restaurants, a hotel and even a 2-mile-long runway that serves jets. But 30 years ago, the location was a starkly different story: an Air Force base that had just been shuttered, costing 11,600 jobs.

Fundamental to ...Read more

President Donald Trump's record as the deregulation president is nearly unparalleled. In his first 100 days in office, he has already identified hundreds of billions of dollars of potential deregulation savings in the areas of energy, education and housing.

Hooray.

But some of his new regulators in the Justice Department and at the Federal ...Read more

Anyone remember back in 2008 when the housing market collapsed and the stock market crashed, with many tens of millions of Americans seeing their lifetime savings nearly wiped out?

Apparently the politicians in Washington are suffering amnesia -- even though it was the worst crash since the Great Depression.

What else has been conveniently ...Read more

What is it about politicians in Washington that they just can't stand progress or the thought of anyone getting rich?

That's the attitude of many Democrats in Congress as they try to cripple the private equity and venture capital industries with higher tax rates. These financers are some of the most dynamic risk-takers on the economic playing ...Read more