Perhaps the biggest media story of 2010 was the influence of Tea Party voters on the congressional landscape. The new congress comes to Capitol Hill with a mandate to end profligate spending and restore fiscal sanity, we are told. But when the House and Senate convene in January, the newly elected members will face...
In the Debates in the Federal Convention of 1787, Mr. Mason of Virginia, suggested: the necessity of preventing the danger of perpetual revenue which must of necessity subvert the liberty of any Country. If it be objected to on the principle of Mr. Rutledge’s motion that public credit may require perpetual provisions, that case...
If the goal is to stimulate the economy, the means are already known: Freedom and cheap energy.
The story of Jesus commanding us to give unto Caesar that which is Caesar’s is commonly misrepresented as His commanding us to give to Caesar the denari which he asks for (i.e., to pay taxes to government), asâ€â€it is assumedâ€â€the denari are Caesar’s, being that they have Caesar’s image and name on them. But...
Prolonged uncertainty will continue to limit hiring and minimize commitment to long-term capital expenditures. Only a very few large corporations with plans already on the books to expand capacity will take advantage of this temporarily accelerated tax break. This plan enables an acceleration of depreciation allowances which businesses would deduct over time, as such...
It is hard to find anything positive to say about the corporate income (i.e., profits) tax. Economists across the ideological spectrum agree that the corporate profits tax is woefully inefficient:1) It warps corporate decision making, inducing expenditures made only to reduce a company’s tax liability. 2) The compliance costs are astronomical, often exceeding 60...
I’m now convinced that the Obama administration is placing its political agenda above policies that would contribute to the economic recovery that millions of Americans so desperately need. That agenda includes bringing more economic activity under government control, making more people dependent on government, and, generally, redistributing wealth.I have come to this conclusion after...
Investors are challenged these days to know where to put their money. Everyone wants to know which asset class will perform the best and help them meet their retirement goals. We use six different asset classes: three for stability and three for appreciation. In the stable asset classes, you loan a company money to...
To initiate an advance on the lengthy economic turnaround, the joy ride of debt-spending-with-wanton-abandon mindset enjoyed by Bush and continued by Obama must be brought to a close. Deficit growth cannot continue on a path exceeding the rate of economic growth. The Administration should surface out of its decision closet, and become resolutely emphatic...
Latest News Headlines
