We at CFIF have steadfastly highlighted the consumer benefits of the proposed T-Mobile/Sprint merger…
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WSJ Urges Regulators to Approve T-Mobile/Sprint Merger

We at CFIF have steadfastly highlighted the consumer benefits of the proposed T-Mobile/Sprint merger, and cautioned the federal government against any pointless and destructive objection to the deal.  In today's Wall Street Journal, its editorial board encourages the Department of Justice (DOJ) to move forward on the deal:

The Justice Department lost its lawsuit to block AT&T's purchase of Time Warner.  Yet now the antitrust cops are holding up T-Mobile's merger with Sprint even though it could give AT&T more competition in wireless.  What gives?

A year ago, T-Mobile announced plans to acquire Sprint for $26 billion in stock, yet the merger is still stuck in government antitrust purgatory.  The Federal Communications Commission keeps pausing its 180-day shot clock on the merger…[more]

April 22, 2019 • 04:07 pm

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1 Dems' Tax Hypocrisy

House Democrats are demanding the Internal Revenue Service hand over President Donald Trump's tax returns. Not that Speaker Nancy Pelosi or other Dems making the demand are willing to disclose their tax filings. Fat chance. Not in the House of Hypocrites. White House staff and the president's lawyers are making it crystal clear that Trump's returns…

2 Economy: Trump Achieves What Obama Apologists Said Was Impossible

If Trump thinks he can get more than 3% economic growth, he’s dreaming.   —Los Angeles Times economic columnist Michael Hiltzik, May 19, 2017  Expect a lot of boasting, but 3% growth is still nonsense.  —New York Times columnist Paul Krugman, January 28, 2018  Apparently, the budget forecasts that U.S. economic…

3 High-Tax Governors Scapegoat Tax Reform for the “Diabolical” Consequences of Their Own Policy Choices

Should low-tax states like Tennessee, Texas or Florida subsidize high-tax states like New York, California or Illinois?  Indeed, do low-tax states even owe a moral duty to support their high-tax brethren states?  New York Governor Andrew Cuomo somehow thinks so.   He considers it “diabolical” and an “injustice…

4 Low Taxes Are the Best Sweetheart Deal

Ever since Amazon's breakup with New York on Valentine's Day, dejected Mayor Bill De Blasio is complaining that corporations shouldn't be able to play off one local government against others for tax breaks. "I don't think it's really fair to pit city against city and state against state," De Blasio whined like a jilted suitor. Grow up, Mr…

5 Dems Deny Economic Boom

Democrats, now the majority in the House of Representatives, are trying to turn that body into the House of Resistance. They vowed to use the State of the Union to voice their claims that the nation is in bad shape, rigged to benefit only the rich. But facts are stubborn things. Fact No. 1: An amazing 304,000 jobs were created in January, according…

6 2019 Index of Economic Freedom: America Finally Regains Its Footing

After a decade of decline, the United States is finally enjoying a renaissance in economic freedom.  So says the just-released 2019 edition of the Heritage Foundation’s annual Index of Economic Freedom, which for twenty-five years has ranked the world’s nations in terms of property rights, rule of law, taxes, government spending,…

7 Dems' Dangerous Ideas on Fighting Inequality

Leftist Democrats eyeing the White House in 2020 are plotting new ways to confiscate Americans' hard-earned money and give it away. Claiming economic inequality is a national crisis, they want to take money from those they say have too much. Senator Elizabeth Warren, D-Mass., is pushing a wealth tax. Never mind that it's unprecedented and unconstitutional…

8 Lessons from History: Lower Tax Rates Boosted Revenues and Increased Share Paid by Wealthier Americans

Some folks are born silver spoon in hand, Lord, don’t they help themselves, y’all? But when the tax man comes to the door, Lord, the house looks like a rummage sale, yeah… —Creedence Clearwater Revival, “Fortunate Son” Although more ‘60s-vintage hyperbole than economics textbook prose, CCR’s lyric…

9 Dems' 'Tax the Rich' Hoax

The U.S. Department of Labor jobs report, released Friday, shows eye-popping gains, concluding a year that has been great for workers. Hourly wages shot up after 10 years of stagnation and real household income topped its highest level in history. Basically anyone who wants a job can get one. "If we're not right at full employment, we're very…

10 CFIF to HHS: Don't Blow It With Drug Price Controls

A relatively stable and sound economy has become the new normal, something too many of us are starting to take for granted. But just two years ago, things weren't quite so rosy.  As one trip back down Memory Lane, note this Wall Street Journal observation in a September 13, 2016 article entitled "CEOs See Sluggish Growth":  The…

11 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…

12 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…

13 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…

14 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…

15 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…

16 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…

17 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…

18 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…

19 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…

20 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…

21 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…

22 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…

23 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…

24 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…

25 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…

26 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…

27 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…

28 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…

29 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…

30 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…

 
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"President Donald Trump opened a new flank in his battle against illegal immigration on Monday when he ordered his administration to crack down on 'visa overstays' -- foreigners who legally enter the country but remain in the U.S. after their visas expire.The president signed a memorandum ordering the secretary of state and the secretary of homeland security to submit plans within four months to crack…[more]
 
 
—Alan Gomez, USA TODAY
— Alan Gomez, USA TODAY
 
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