Why are Democrats Sen. Chuck Schumer and House Speaker Nancy Pelosi teaming together to lobby for a tax bill that would provide about 80% of the benefits to Americans who make more than $100,000 a year?
Schumer and Pelosi are the ones who, for the last two years, have been railing against income inequality and tax cuts for the rich, but now ...Read more
Washington do-goodism almost always fails to help the people it is supposed to because politicians ignore the Law of Unintended Consequences. Nowhere is that more evident than when it comes to a congressional plan to put payday lenders and other short-term lending institutions, such as the burgeoning online lenders, out of business.
These are ...Read more
The Federal Communications Commission has thrown a curveball into the global race for deployment of 5G -- the much-anticipated fifth generation of cellular and wireless technology. FCC Chairman Ajit Pai has announced his support for a government-run auction of an underutilized 500-megahertz space on the electronic spectrum that cellphone ...Read more
Every single plausible Democratic candidate for president has endorsed tax increases as a centerpiece of their economic agenda. Think about what we are hearing from Elizabeth Warren, Joe Biden, Bernie Sanders and the rest of the "Punch and Judy" show: new wealth taxes, carbon taxes, energy taxes, higher death and income taxes with rates up to 70...Read more
First, a full admission about this article: I originally sent a version of it to The Washington Post for publication, but for reasons that will become obvious as you read on, they rejected it.
Here's the backstory. Several weeks ago, I reported on the very large increase in median household incomes under Donald Trump. Based on Census Bureau ...Read more
Wouldn't it be wonderful if for one brief shining moment in Washington, Congress put good policy over politics -- and passed a bill that would benefit American workers, investors and businesses?
We haven't had a true bipartisan victory in Washington for seemingly ages, but we are tantalizingly close to getting there. This would be the passage ...Read more
Joe Biden is at it again -- living in his own parallel universe. The same former vice president who says that his son Hunter was hired by a Ukrainian oil and gas company because of his expertise in energy policy is now claiming that President Donald Trump has "squandered" the strong Obama economy he inherited.
Here is how Biden put it in a ...Read more
Last week, the lobbying arm of the wind energy industry made an unsurprising, though somewhat embarrassing, announcement. It wants a longer lifeline with federal subsidies. So much for wind being the low-cost energy source of the future.
Less than a year ago, the American Wind Energy Association with great fanfare issued a press statement that,...Read more
How much of the monetary gains from the Trump economic speedup have gone to the middle class? If you ask Democratic senators and presidential candidates Elizabeth Warren, Kamala Harris and Bernie Sanders, the answer to that question is ... almost none.
" (Donald) Trump's economy is great for billionaires, not for working people," Sanders likes ...Read more
While running for president in 1960, John F. Kennedy campaigned against the moderate growth economy (2.5% annual GDP rise) in the last years of the Eisenhower administration. He appealed to Americans' highest aspirations by saying in his typical Boston drawl: "We can do bettah." JFK promised 4% and 5% rates of annual economic progress for the ...Read more
A friend of mine's third grade daughter came home from school a few weeks ago with tears streaming down her cheeks. "My teacher says we only have 10 years before the oceans rise and we are underwater," she moaned. "Are we all going to die?"
That's a heavy burden to place on the shoulders of a 9-year-old.
Gloomy stories of the coming apocalypse...Read more
The decline of American mining and production of critical minerals in recent decades is a self-inflicted wound that could imperil our economy and national security.
Data from the latest federal geological survey showed the United States has become 99% dependent on imports for at least 20 critical and strategic minerals, not including each of ...Read more
The recent threats by Beijing to cut off American access to critical mineral imports has many Americans wondering why our politicians have allowed the United States to become so overly dependent on China for these valued resources in the first place.
Today, the United States is 90% dependent on China and Russia for many vital "rare earth ...Read more