Today, Americans across the nation will continue a tradition that was first sparked in 1777: lighting fireworks. In the earliest days of aerial explosions memorializing our nation’s birth, firework explosions were short, and lacked the variety of colors found at modern day shows. As European courts competed with each other for the best pyrotechnic displays, fireworks made their way to the thirteen colonies, and by 1776, some founding fathers considered them a necessary element of celebratory fanfare for America’s birthday. “I am apt to believe that [Independence Day] will be celebrated, by succeeding Generations, as the great anniversary Festival,” John
This week, New Jersey’s Governor Phil Murphy and State Senate President Steve Sweeney cemented themselves as the ‘Shaq and Kobe’ of bad economic policy when they ushered in massive new tax hikes on Garden State residents. This deal, which was struck despite much political posturing by Sweeney against such a tax hike, will go down as a historic mistake made by New Jersey’s government. The Wall Street Journal reports: Governor Phil Murphy and State Senate leader Steve Sweeney have been fighting over whether to raise tax rates on individuals or businesses, and over the weekend they decided to raise taxes on
Newly released poll data should give pause to those who doubted Trump’s tax cut and regulatory reform agenda. It’s now official: the Trump economy is doing so well that the mainstream media is forced to acknowledge it. From CNBC: For the first time since President Donald Trump took office, the CNBC All-America Economic Survey shows more than half the public approving his handling of the economy, and it appears to be having some impact on his overall job approval rating. The president’s economic approval rating surged 6 points to 51 percent with just 36 percent of the public disapproving, a
Recently the House Freedom Caucus succeeded in torpedoing a vote on Congress’ latest farm bill. While some believe that passage of this legislation was necessary to help American agriculture, an eye-opening new book by John Tamny, Director of the Center for Economic Freedom at FreedomWorks, reveals how government spending programs not only harm taxpayers, but also make it harder for you to get your dream job. Tamny’s enlightening new book The End of Work: Why Your Passion Can Become Your Job, describes how the nature of work has changed immensely over the last century. Tamny writes, “A hundred and fifty
Here is an update on some of the recent stories that I have covered for The National Pulse: 1.) D.C. City Council unanimously votes to raise taxes on Uber…and a ton of other things. The Washington Times reports: The 13-member council approved funding Metro by raising the tax on ride-hailing services Lyft and Uber from 1 percent to 6 percent, as well increasing the sales tax, the car rental and leasing tax, the hotel sales tax, and the tax on alcohol sold in liquor stores. Owners of properties assessed at more than $5 million will pay an increased 24 cents
As Washington, D.C. residents and commuters are well aware, the D.C. Metro system is nothing short of a national disgrace. It is plainly embarrassing that a country built on free enterprise and housing the most productive workers in the entire world could, right in its capital city, possess such a disastrous, government-run transportation network. The D.C. subway system is a hot mess. Literally. It catches on fire all the time. Andrew Wilford outlined D.C.’s Metro problems in a recent column in The American Spectator: Metro is a disaster. Residents of the D.C. area have developed a sense of camaraderie around
Recently, the Congressional Budget Office (CBO) released a report stating the national debt will increase by an additional $1.9 trillion over the next 10 years due to Trump’s tax cuts. Unfortunately, while the growing national debt has led to hand-wringing from Republicans and Democrats, a logic-defying narrative has emerged on what is to blame. Therefore, it needs to be made clear: No, the Trump tax cuts are not blowing up the debt. It should first be stated that the CBO’s numbers ought to be taken with a grain of salt, because the CBO is almost always wrong — quite often, spectacularly so.
The stock market has been jittery recently amid trade war fears and the possibility of more government regulation for tech companies such as Facebook and Amazon. With the recent market turbulence, is there any hope that the Dow can shatter its all-time high of 26,616 this year? Short answer: Yes! In fact, if President Trump takes a page from “Improbable Success Productions” Chairman Richard Rahn, Dow 27,000 may be just around the corner. Writing for the Washington Times, Richard Rahn made the case for one big idea to turbocharge the economy — protect capital gains from inflation. As Rahn wrote: