Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.
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President George H. W. Bush: 1924-2018

Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.…[more]

December 06, 2018 • 12:58 pm

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1 Will Blue States Go for Trumponomics?

In a contest too close to call, Republican gubernatorial candidate Bob Stefanowski is running to slash Connecticut taxes and bring Trumponomics to the state. The nation is watching to see whether a fiscal reformer can sell President Donald Trump's tax-cutting approach to voters who disdain Trump. Critics call Stefanowski's proposal to phase out the…

2 Greatest Economy Ever? Signs Increasingly Suggest "Yes"

This month, for the first time since 2008, the United States regained its spot atop the World Economic Forum's annual ranking of the world's most competitive economies.  It's about time.  For eight long years during the Obama Administration, the United States endured the most sluggish cyclical economic "recovery" in recorded history…

3 NAFTA Updated: A Win for U.S. Intellectual Property

This month, as expected, Canada agreed to join the trade accord reached earlier between the United States and Mexico, updating the 24-year-old North American Free Trade Agreement (NAFTA).  Although the fine print remains to be parsed as Congress moves toward ratification, one important fact is already clear:  the renegotiated accord constitutes…

4 Dems' Socialist Ideas Will Tank Economy

The most striking difference between Democrats and Republicans is not their views on #MeToo, affirmative action or the Supreme Court. It's how they view the economy. Republicans deplore socialism. But more than half of Democrats view socialism favorably, according to a recent Gallup poll. The Democratic Party's left flank is turning the midterm elections…

5 U.S. Economy Leaving Europe and the Rest of the World Behind

It wasn't supposed to happen this way.  The 2016 election of Donald Trump was supposed to usher in an era of economic mismanagement and market decline, while our European exemplars flourished under their more enlightened socialized model.  The late satirist H.L. Mencken once observed, "Democracy is the theory that the common people…

6 U.S. Reclaims Top Economic Competitiveness Ranking Under Trump

"U.S. Has More Jobs Than Jobless." Savor for a moment that astonishing front-page headline this week from The Wall Street Journal.  Well into the second year of the Trump economy, America literally has more jobs than the number of people in the labor force to possibly fill them:    For the first time since such record…

7 Trump's Budget: $984 Billion Deficit Next Year

When you read the budget message President Donald Trump sent Congress earlier this year, you soon come across a concession that Washington insiders have been making for years — just before they vote for bills they know will massively increase the federal debt. "The current fiscal path is unsustainable," Trump said, "and future…

8 Democrats' Universal Job Plan Would Be a Socialist Disaster

Sen. Bernie Sanders is set to announce a plan that guarantees every American "who wants or needs one" a lifetime government job paying at least $15 an hour, with health insurance and other perks. This new progressive workforce will then, according to the Washington Post, build glorious "projects throughout the United States aimed at…

9 Will the Supreme Court OK the States' Latest Tax Grab?

Here we go again. State politicians want to take more of your money. This time, their scheme is to tax everything you buy on the internet. On Tuesday, the money-grabbing states made their case to the United States Supreme Court. If the Justices go along with it, you'll be paying more when you make a purchase on eBay, Etsy, Amazon or another platform…

10 The Rich Don't Pay Their "Fair Share" of Taxes ... They Pay Too Much

Do wealthier Americans pay their fair share in taxes?  The straightforward answer is "no," although for a very different reason than most people probably assume.  The reality is that the rich pay more than their fair share by any reasonable definition of "fair."  And here's a new kicker:  Following comprehensive…

11 Larry Kudlow Is a Big Upgrade for the White House

President Donald Trump will reportedly name Larry Kudlow head of the White House National Economic Council. For fans of pro-growth policies — deregulation, low taxation and open trade — it's great news for obvious reasons. Kudlow has been a decadeslong champion of these ideas, and those with coherent philosophies tend to offer…

12 Economic Freedom Index: U.S. Stabilizes In Trump's First Year

For eight long years, the United States suffered continual decline in economic freedom under Barack Obama.  Anyone seeking causation for the unprecedented economic malaise under his watch need look no further than that measure.  At the beginning of 2009, when Obama entered the White House, the U.S. ranked sixth in the Heritage Foundation…

13 Taxaholic Governors Try to Dodge Federal Tax Law

The governors of New York, Connecticut and New Jersey joined forces last week to announce they're suing Uncle Sam. They're trying to torpedo the new $10,000 ceiling on how much state and local taxes their residents can deduct when paying federal income taxes. The three governors sounded like buffoons, making far-fetched claims that the $10,000 cap…

14 Shock: New York Times Begins 2018 Admitting Trump Economic Bump

We experienced eight years of leftist economic policies under Barack Obama, and now a full year of deregulatory, low-tax economics under Donald Trump.  So based upon the accumulated evidence, which one works?  When even The New York Times can no longer deny the inescapable Trump Bump, you know that debate is over.  On January 1, the…

15 Renters Win in Tax Law; Dems Lie About It

Renters came out winners under the new tax law. For over a century, the federal tax code catered to homeowners and treated renters like second-class citizens. Homeowners have been able to deduct interest on their mortgages and home equity loans, as well as property taxes. Meanwhile, everyone, including renters, footed the bill for these deductions…

16 Democrats Are Fooling Themselves About Tax Reform's Unpopularity

According to political analysts, 2018 Democrats will use the just-passed tax reform as a way to argue that the Republican Party is the party of the plutocracy, which is another way of saying that Democrats are going to use the same argument they've been using for the past three decades with varying degrees of success. A number of liberals have claimed…

17 Obama Desperately Seeks Credit for Trump Economic Acceleration

"Thanks, Obama!"  That was Barack Obama, speaking at a conference of mayors in Chicago last week, sarcastically congratulating himself for America's economic performance in the year since he departed.  Perhaps Obama finds himself desperate for attention and the artificial adoration to which he became accustomed as a candidate…

18 Road Map for Tax Reform

House and Senate Republicans are racing to hammer out a tax cut agreement that blends the House bill passed on Nov. 16 with the Senate version that squeaked through at 2 a.m. Saturday morning with one vote to spare. Failure to compromise is not an option. They must deliver a final bill to the president for signing before Christmas. The stakes are…

19 Bloated Deficits Result From Wasteful Spending, Not Insufficient Taxation

As Congress progresses toward much-needed tax reform, critics dishonestly cite growing federal budget deficits as one rationalization.  The deficit, however, stems from excessive spending, not insufficient taxation.  Just last month, the first month of the new 2018 fiscal year, the Treasury Department reported that the federal government…

20 Dems' Tax Demagoguery

Senate Minority Leader Chuck Schumer and the Democratic Party are trying to torpedo the biggest tax cut since 1986. Schumer accuses GOP tax cutters of "messing up the good economy the president inherited from President Obama and hurting the middle class." The senator must think we're stupid. The Obama economy wasn't "good." It was…

21 Economy: Obama Slump to Trump Bump

Has our economy emerged from the Obama slump to the Trump bump?  It increasingly appears so.  Consider that since World War II, the United States has averaged 3.3% economic growth per year.  Under Barack Obama, however, we never once reached 3% gross domestic product (GDP) growth in a year.  We've gone an entire decade without…

22 Dems vs. the Facts

President Trump has unveiled a tax plan to ignite economic growth and simplify the tax filing ordeal. Sadly, top Democrats are responding with divisive rhetoric and lies. Senator Chuck Schumer dismisses the plan as "wealth-fare." House Minority Leader Nancy Pelosi calls the plan "giveaways to big corporations and billionaires."…

23 Workers Benefit from Business Tax Cuts

Left-wing political groups are staging street protests and running television ads to defeat President Trump's proposed corporate tax cut. If they succeed, the big losers will be anyone hoping for a raise or looking for a better job. Top Democrats like Elizabeth Warren and Bernie Sanders are haranguing about tax cuts for wealthy corporations. MoveOn…

24 Tax Reform Bill Must Include Donor Privacy Protection from IRS

"The role of money in politics is a major problem.  And particularly the role of unchecked anonymous money.  There have been super-PACs in Washington who have been putting up tens of millions of dollars in attack ads for months now." Talk about chutzpah.  That was Jon Ossoff, Democratic candidate for Congress from Georgia…

25 Trump Budget Revives American Work Ethic

Hillary Clinton bashes President Trump's budget proposal for its "unimaginable level of cruelty." Almost every Democratic politician, and most mainstream media, are saying the same. Don't believe it. The budget, released last week, dignifies work. It reforms federal anti-poverty programs that have kept people dependent on government, with…

26 Trump's Tax Proposal: An Excellent Framework

Last November, Americans said they wanted change in Washington.  They also said they wanted to get the economy moving again.  The bold tax reform outline that President Trump unveiled last week shows that he's doing his part.  Although important details remain unaddressed and subject to negotiation with Congress, Trump's plan offers…

27 Blame the Spendaholics, Not Tax Reformers

If you live in tax hell — New York, Illinois, California, New Jersey or Connecticut — paying your state and local taxes could soon become even more painful. Congressional Republicans and President Trump have plans to lower federal tax rates for almost everyone and simplify tax rules. All good news. But there's a catch for residents…

28 Should the United States Stop Cooperating With the OECD?

How would you feel if I told you that we taxpayers are spending millions of dollars every year to fund an army of bureaucrats who advocate higher taxes and bigger government around the globe? That's exactly what the United States does when it sends its contribution to the Organization for Economic Cooperation and Development. Last year, as its single…

29 Godfather Of Republican Border Adjustment Tax Plan Was A John Kerry Adviser

Could a Berkeley college professor who once advised the presidential campaign of 2004 Democratic presidential nominee John Kerry derail the best opportunity for conservative tax reform in three decades?  As implausible as this may sound, it could well prove true if the Republican leadership in the U.S House of Representatives continue to insist…

30 Trump's Tax Win

If you're hunting for a job, hoping for a raise or depending on a retirement account, your future hinges on President Trump's next big undertaking, cutting taxes. And the picture looked rosy until last week. After the election, stocks soared on expectations that tax cuts would ignite an economic boom. The nonpartisan Tax Foundation was estimating…

 
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Question of the Week   
The son of which one of the following U.S. politicians currently serves as a Marine aviator aboard the aircraft carrier USS George H.W. Bush?
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Quote of the Day   
 
"December 7, 1941 - a date which will live in infamy - the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.The United States was at peace with that Nation and, at the solicitation of Japan, was still in conversation with its Government and its Emperor looking toward the maintenance of peace in the Pacific. Indeed, one hour after Japanese…[more]
 
 
—President Franklin D. Roosevelt, December 8, 1941, in an Address to Congress Asking That a State of War Be Declared Between the United States and Japan
— President Franklin D. Roosevelt, December 8, 1941, in an Address to Congress Asking That a State of War Be Declared Between the United States and Japan
 
Liberty Poll   

For family Christmas giving this year, are you spending more than usual, about the same as usual, or less than usual?