Governments in the United States are restricting freedoms to unprecedented degrees in an effort to slow the spread of COVID-19. As dangerous as this expansion of power is, in some ways, federal, state and local governments are also reducing their intrusions into our lives by cutting many regulations.
This deregulation falls into three ...Read more
It's easy to feel depressed and scared these days. News about the impact and death toll of the new coronavirus, COVID-19, is constant. Government responses have been chaotic, ranging from near-indifference to suddenly shutting down the economy, with politicians offering to pay for everything.
Yet we shouldn't lose sight of the exceptional ...Read more
While many of us turn to the government for answers to the COVID-19 pandemic, others rightfully seek solutions from the private sector. Last week, the Hoover Institution's Russ Roberts asked his many twitter followers to help "create a list of voluntary (non-coercive) actions taking place right now to reduce COVID-19 spread or impact." The ...Read more
As the saying goes, "Nothing is certain but death and taxes." I would add, "and anti-price gouging legislation in times of crisis." Yet price increases in the face of sudden shortages are an important impetus to restore supply and demand market conditions that are closer to normal.
As many of us have experienced in the past few weeks, buying ...Read more
Following increased interest in expanding access to paid family and medical leave, Rep. Rosa DeLauro, D-Conn., joined forces with Sen. Kirsten Gillibrand, D-N.Y., to promote the Family and Medical Insurance Leave, or FAMILY, Act. If we believe the act's supporters, it would cost close to nothing and provide essential benefits to employees who ...Read more
Despite recent stock market jitters related to the coronavirus, the U.S. economy is doing well. Wages are growing, especially for lower-income workers, and unemployment is low. Yet calls are intensifying for the federal government to implement paid leave, which may unwittingly hurt those whom the program claims to help. Supporters often resort ...Read more
As Sen. Bernie Sanders looks more and more like the one who may win the Democratic presidential nomination, some tell us that he isn't the radical leftist others make him out to be. Maybe he's not even a socialist, despite his own claims. In fact, the storyline continues, compared to many prominent European political figures, Sanders is ...Read more
President Donald Trump's proposed fiscal year 2021 budget has been released. Generally, budget documents are more of a statement about priorities and aspirations than of anything else. This proposal is typical: It's full of unrealistic assumptions, as well as "savings" that will never happen. It is, in short, a testament to fiscal ...Read more
My fellow taxpayers, this is your quarterly warning that Uncle Sam is not a good steward of your money. The Congressional Budget Office just released its most recent 10-year projections for federal spending and revenues. The picture is not pretty.
A quick overview: This fiscal year, 2020, the federal government will collect $3.6 trillion in tax...Read more
The Tariff Man has done it again. President Donald Trump recently announced that he will expand import taxes on American consumers of auto parts, nails and other goods made in the United States with steel and aluminum. Apparently, untaxed imports of these metals put our national security at risk.
Under the latest proclamation, some imports of ...Read more
Three years into the Trump administration, we see a clear pattern forming. The Obama administration implemented labor rules that make the labor market less flexible, often at the expense of smaller businesses, but in ways that made unions happy. The Trump administration then takes these rules away. The latest example is the dismantling of the ...Read more
A few years ago, the U.S. Chamber of Commerce released two reports detailing enforcement and litigation abuses by the Department of Labor's Office of Federal Contract Compliance Programs, or OFCCP. Instead of holding firms accountable when they engage in real discrimination against their employees, the agency has become a government arm for ...Read more
In June 2018, President Donald Trump attended the groundbreaking ceremony for a Foxconn factory in Wisconsin. Ever exuberant in his comments, he called the project the "eighth wonder of the world" and "one of the great deals, ever." Always a bragger, his praise was directed at himself for orchestrating the use of state subsidies and tax credits ...Read more