The Washington Post Wonkblog‘s Neo-Keynesian Matt O’Brien — who, aptly enough, tweets as @ObsoleteDogma — pauses to attack Neo-(Classical)-Liberal Ted Cruz in “Does Ted Cruz think his tax plan would cause a Great Depression?” Spoiler alert. There’s a rule of thumb in journalism called Betteridge’s Law of Headlines. It states: “Any headline that ends in a question mark can be answered by the word no.” So, the short answer is: no. The center-right nonprofit Tax Foundation has scored Ted Cruz’s 10 percent flat tax (plus business transfer tax) as the most economic growth inducing of any of the presidential candidates’ tax
CNN recently reported on GOP presidential front runner Donald Trump’s stance(s) about the Fed: [J]ust two days ago, Trump tweeted that he thinks the Fed should be audited. This is something that fellow Republican candidate Ted Cruz supports as well as former candidate Rand Paul. Trump chided Cruz in his tweet for missing a Senate vote on an “Audit the Fed” bill in January. The bill failed 53-44. Trump, in his usual way, by way of baiting his rivals and confusing voters, omitted two crucial points. First, Cruz’s Senate vote would not have led to a different outcome. It would
Finally America gets to hear from real voters instead of us knuckle headed pundits. One hopes that those Hawkeyes are paying attention to what the Tax Foundation, the umpire of all things tax policy, recently announced. Sen. Sanders’s tax plan would have the effect of shrinking the economy, and my (and, more to the point, your) paycheck by 10%. It’s already a scrape to get by. I really, really don’t want a 10% pay cut. Do you? Winston Churchill said in a speech in the House of Commons on October 22, 1945: “The inherent vice of capitalism is the unequal
Want a 10 percent pay cut? Well, you could ask your boss to cut your pay. If you’d rather not ask your boss, you have another option, reports the Tax Foundation. Bernie Sanders will get it done for you, and for us all! The neutral Tax Foundation added its analysis of the Bernie Sanders tax plan to those it already has performed on the proposals of Jeb Bush, Ben Carson, Hillary Clinton, Ted Cruz, Rand Paul, Marco Rubio, Rick Santorum and Donald Trump. Key Findings: Senator Sanders (I-VT) would enact a number of policies that would raise payroll taxes and individual income taxes, especially on high-income households.
The mainstream media, as exemplified by the The Washington Post, is reporting that “Trump says he won’t participate in GOP debate on Fox News.” The charismatic Donald Trump has a lot of rationalizations for this flinch. “Why should the networks continue to get rich on the debates?” Trump told reporters at a news conference in Marshalltown. “Why do I have to make Fox rich?” That said, it is far more likely that Donald Trump is pulling a classic front runner “duck and cover” drill. What might Trump fear? Trump, shrewdly, may feel vulnerable on his fragile “I will make America
Ben Carson appeared on the fifth episode of EWTN News’ “Candidate Conversations 2016” last Sunday. He strongly endorsed the First Amendment Defense Act, which is great news for voters concerned about protecting religious liberty. But then he did something else, too. And honestly, I’m not quite sure what to make of it. You can view the whole exchange below: After endorsing the First Amendment Defense Act and talking about the importance of religion, Carson went on to discuss his tax plan: Well, you know, I have a good idea I believe, and that is a tax plan where you have a
This column was co-authored by Jeff Bell, Policy Director for the American Principles Project. America needs a quarterback. America needs a leader, an optimist, a coalition-builder, and a visionary. America needs Jack Kemp back. Kemp was an American legend. A quarterback of the pre-Super Bowl era who led the Buffalo Bills to consecutive championships in the American Football League, Kemp went on as a Member of Congress to lead the Republican Party to historic legislative victories. Known as a champion of supply-side economics, Kemp was one of the earliest promoters in the Republican Party of pro-growth tax rate cuts, arguing in
Some conservatives forget the ultimate creative enterprise is key to a growing and flourishing society: creating and raising the next generation of Americans. Surely this enterprise deserves as favorable a treatment as investments in equipment? Treating children a a consumption item is a profound mistake some, but not all, economic conservatives make. One of Marco Rubio’s great moments in Tuesday night’s debate was his defense of a pro-family tax code: The most important job I’m ever going to have, the most important job anyone in this room will ever have, is the job of being a parent. Not the job