Reports indicate that former New York City Mayor Michael Bloomberg is preparing the paperwork to qualify for the Democratic presidential primary in at least one state. This news comes on the heels of increasing speculation that both Eric Holder and Hillary Clinton could join the race as late entries. Why are a growing number of Democratic politicians mulling a presidential run? Readers likely know the answer. Many Democrats don’t believe that their current front runner — Sen. Elizabeth Warren — can defeat Donald Trump. Sen. Warren made the political calculation to hitch her wagon to the socialist policies of Bernie
I’m going to do what the media won’t — talk about Andrew Yang. Despite being “the hottest candidate this side of Elizabeth Warren” right now, Yang was allotted less than 8 minutes of speaking time during last night’s 3-hour Democratic debate, the least of any candidate in the field. This marginalization of Yang follows a week where NBC and CNN omitted him from graphics of the top tier Democratic candidates, which led to “YangMediaBlackout” trending on Twitter. My take on all of this is that the establishment’s attempt to exclude Yang is both deliberate and unfortunate — because it is
Welcome back from Labor Day weekend! I hope it was a great one for all our readers. I was out in Texas for the first time, and as a good conservative, it pains me to be back in the swamp! But, lucky for us, this shortened work week did provide us with some exciting economic news to come home to. Here are three of the biggest stories from this week: 1.) Trump is asking you if you support his plan to index capital gains for inflation. This week Steve Forbes retweeted a column by Senator Ted Cruz (R-Texas) and Americans
As President Trump is finding out this year, House Democrats have been an enormous roadblock to his America First agenda. House Speaker Nancy Pelosi has not only stalled immigration reform and infrastructure talks, she’s also joined the conspiracy choir in hurling insults at the President long after his exoneration from charges of Russian collusion by the Mueller report. Unfortunately for Pelosi, according to recent reports, she will be unable to stop the next big policy achievement from the White House. President Trump may soon completely bypass Congress to deliver massive tax cuts that would add rocket fuel to the U.S.
Next week, Donald Trump will award the Presidential Medal of Freedom to “the Godfather of supply-side economics,” Arthur Laffer. Trump’s decision to bestow America’s highest civilian honor on Dr. Laffer is one for enormous celebration, as few have contributed more to American prosperity than he has. Arthur Laffer came to prominence in the 1970s by championing income tax rate reduction (i.e. ‘The Laffer Curve’) as well as a stable dollar (via the Mundell-Laffer hypothesis). Taken together, these two pillars amount to what historian Nathan Lewis refers to as a “magic formula” for economic growth. President Reagan used this playbook to
In celebration of Easter, I interrupt your regularly scheduled economic reporting with something a little more lighthearted. If your family dinner table is set to contain as much political sparring as mine, feel free to share the following with your relatives. Here are 3 memes that perfectly summarize Democrats’ 2020 economic agenda: 1.) Why are progressives, including Bernie Sanders and Alexandria Ocasio-Cortez, now referring to themselves as ‘Democratic’ Socialists instead of just socialists? Do they think putting a good word in front of a bad word makes the latter sound less terrible? If I said my Toyota Camry has a
A few weeks back I discussed how President Trump could deliver massive, pro-growth tax cuts without any approval from Congress. Today, one of these suggested policy changes received a major endorsement when publisher and supply-side icon Steve Forbes revealed his support. Writing for Forbes.com, Steve Forbes called for for eliminating taxes on gold and silver stating: When you exchange a $20 bill for two $10 bills, you don’t pay sales tax on the transaction, even though, theoretically, you are “buying” the tens. The notion is utterly preposterous. Yet if you purchase a gold coin that was created by the U.S.
Jonathan Decker: All President Trump needs to do to further cut taxes is direct the Treasury to re-define "cost" as it pertains to capital gains taxation to include an inflation adjustment.