For a man who constantly claims to support "Buy American," Joe Biden demonstrates an inexplicable and…
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Inexcusable and Dangerous: Biden Administration Surrenders U.S. Patent Rights to World Trade Organization (WTO)

For a man who constantly claims to support "Buy American," Joe Biden demonstrates an inexplicable and almost fetish-like tendency to undercut American industries.

Since day one, the Biden Administration has ceaselessly besieged a domestic energy sector that finally achieved U.S. energy independence after decades of effort.  And now, it is following through on its inexcusably foolish assault against the U.S. pharmaceutical sector.

Each year, American pharmaceutical innovators account for an astounding two-thirds of all new lifesaving drugs introduced worldwide.  That's the direct result of our system of intellectual property (IP) protections, including patents, which consistently leads the world.

Instead of protecting that legacy of American Exceptionalism, however, the Biden Administration…[more]

June 17, 2022 • 12:30 PM

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Taxes & Economy
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121 A Chance to Strike at the Heart of Crony Capitalism

There’s a famous quote — one of those too good for anyone to have definitively sourced — in which Mahatma Gandhi, upon being asked what he thought of western civilization, supposedly responded, “I think it would be a good idea.” The aphorism may be little more than the stuff of legend, but the same principle could apply…

122 Paul Ryan Is Ready for a Promotion

After four years of proposing ideas to slim down the federal budget, Paul Ryan may get an opportunity to write them into law – perhaps as soon as next January. On the same day that Ryan (R-WI), the House Budget Committee chairman, proposed his fourth annual “Path to Prosperity” funding bill, Dave Camp (R-MI), the House Ways and Means…

123 Obama’s 2015 Budget Rejects Compromise, Cements Disastrous Legacy

While his foreign policy disasters accumulate, Barack Obama should be eager to seek domestic compromise to salvage his disastrous presidency.  Recall that Bill Clinton strived to rescue his presidency, which was otherwise distinguished by early incompetence and the fact that he’s one of only two presidents to be impeached, via compromise…

124 Congressman Camp Proposes Tax Reform to Simplify Code, Lower Rates and Promote Growth

Cyclical recessions and recoveries come and go.  That’s the nature of a market economy.  Unfortunately, the current recovery under the Obama presidency is distinguished for its status as the most sluggish in recorded U.S. history.  That’s not by coincidence, but rather the consequence of his growth-killing bigger-government…

125 New Worldwide Index Reveals Value of Intellectual Property to U.S. Prosperity

It’s no secret that America’s economy has continued to stagnate throughout Barack Obama’s tenure.  Despite the fact that the last recession officially ended almost five years ago in June 2009, U.S. economic growth has averaged just 2.1% since that time.  That’s substantially below the 70-year postwar average of 3.…

126 How to Win the Next Budgetary Fight

When fighting budget-related battles during Fiscal Year 2014, can conservatives have any hopes that the third time is the charm? Yes, but only if they are willing to play “small ball.” The “third time,” in this case, will involve the next confrontation with the federal debt ceiling, expected in early February. Budget Committee…

127 New Tax Numbers Rebut Obama’s Class Warfare Pivot

With his namesake ObamaCare in catastrophic slow-motion disintegration and his public approval numbers plummeting below his supposedly incompetent predecessor, Barack Obama is increasingly desperate to change the subject.  Cue his reliable class warfare cowbell.  This week, Obama preposterously labeled income redistribution “the defining…

128 Obama Tripled the Deficit, Now Brags He Cut It in Half

Familiar is the parable of the boy who murders his parents, then seeks leniency because he is suddenly an orphan.  When it comes to budget deficits, Barack Obama is more like the boy who knocks off his parents, then brags that he drove them to the morgue.  While his public approval rating plummeted this week to a new low of 37%, here was…

129 Leaving the Middle Class Behind: The Shortcomings of Obama’s Economic Planning

Barack Obama, in case you haven’t heard, is pretty worked up about inequality. It’s a constant theme of the president’s speeches, with regular references like the one in his second inaugural address to a country where “a shrinking few do very well and a growing many barely make it." In the abstract, this is comfortable…

130 “Recovery Summer,” Episode V – New Government Report Shows U.S. Economy Stalling Five Years into Recovery

Three long years ago this week, on August 2, 2010, former Treasury Secretary Timothy Geithner announced unambiguously in The New York Times, “Welcome to the Recovery.”  That was during the second of the Obama Administration’s so-called “Recovery Summers.”  Now into our fifth such summer, Americans still await…

131 Four Years In, the Obama "Recovery" Remains the Weakest in History

Four wearisome years ago this month, June 2009, the last recession officially ended.  To put that into perspective, the first iPad didn’t appear on shelves for another year.   That four-year anniversary will come as a surprise to most Americans, because what we’re enduring isn’t much of a recovery.  To wit, an…

132 Dangerous “Marketplace Fairness Act” Would Increase Sales Taxes and Expand State Taxation Authority

Should states be empowered to begin taxing businesses far beyond their individual borders?  Should online businesses be forced to assume the role of tax collector for states in which they don’t even maintain a physical presence?  Believe it or not, there’s an effort underway to allow just that.  Along the way, it would…

133 Growing Number of Part-Time Workers is Bad for American Economy

The findings of a recent Gallup poll show that one-in-five American workers are now employed part-time, the result of a steady three-year increase.  The results signal not just a shift in the labor market, but the combined effects of several bad Obama policies that distort job growth. Overall, Gallup’s survey found that part-time workers…

134 CBO Report Shows Excessive Spending, Not Insufficient Taxation, Explains Our Deficits

In 2007, the federal government took in an all-time record $2.6 trillion in revenues.  That year’s deficit was merely $161 billion – quaint in retrospect.  This year, according to a report from the Congressional Budget Office (CBO), incoming federal revenues will break that 2007 record and reach a new all-time high of $2.7 trillion…

135 Conservatives Have Won Some Spending Victories

Conservatives have become so accustomed to blasting Republican congressional leaders that sometimes we don’t realize we’re winning some victories. Such is now happening with the ongoing spending battles, during which, by trial and many errors, Speaker John Boehner and Senate Minority Leader Mitch McConnell have somehow accomplished more…

136 We’re #1? America’s 39% Corporate Tax Rate Now Developed World’s Highest

Last April, our total corporate tax rate became the world’s highest after Japan reduced its rate several points to 36.8%.  Two years from now, Japan’s rate is scheduled to decline even further, to 34.5%.  Other nations have similarly recognized the destructive economic effect of high corporate taxes, and conversely the beneficial…

137 GOP Governors’ Alternative to Obama’s Tax Hikes

With thirty governorships in Republican hands, some GOP executives are trying to swap their states’ income tax for a broad-based sales tax.  Success could set up an alternative to the income-centric debate in Washington, D.C.  Currently, seven states – Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming &ndash…

138 2013 Index of Economic Freedom: U.S. Declines for Fifth Straight Year

This week, The Wall Street Journal and the Heritage Foundation released their annual Index of Economic Freedom.  Alarmingly, the United States has regressed for a fifth consecutive year.  Using a 0 – 100 scale, the Index cumulatively measures four categories:  respect for rule of law, limited government, regulatory efficiency…

139 Defend Defense; Win Political Battle

If they want to succeed in policy and politics any time soon, conservatives/Republicans must adopt significant new strategies and tactics. But the first legislative step they can take in the House, one worthwhile both in substance and in terms of setting themselves up tactically for coming battles, is so remarkably easy that it can be accomplished…

140 The Vindication of George W. Bush

“I just wanted to thank so many on the other side after all these years, for finally acknowledging publicly that ninety-eight percent of the Bush tax cuts helped the middle class.”  ~Representative Louis Gohmert (R-Texas)  Even in the wake of Barack Obama’s re-election, events vindicate the man whom he distastefully…

141 ‘Fiscal Cliff’ Fight Ended in a Draw

Conservative doomsayers should chill out. This week’s installment of a budget deal is definitely not the utter disaster that many enraged conservatives are portraying. While it might be a bitter pill, the deal actually gives conservatives some leverage moving forward, while leaving tax rates at levels that by historical standards aren’…

142 Budget’s Sessions is Right to Want Budget Sessions

One reason the substance of the “Fiscal Cliff” negotiations has been so unsatisfactory is that the very format of the negotiations has been misguided. The Obama-Boehner talks favor the White House and disfavor the twin values of transparency and public understanding. As is usually the case, bad process is likely to produce bad policies.…

143 Fiscal Gap Worse Than Fiscal Cliff

Negotiations to avoid the fiscal cliff are understandably focusing on whether to cut or raise taxes and spending.  But those issues are secondary.  The real problem facing the federal budget is the unsustainable cost of entitlement programs like Social Security, Medicare and Medicaid.  If structural reforms aren’t made soon, the…

144 What Will Falling Off the Fiscal Cliff Mean for Your State?

With all the attention centered on the fallout in the federal budget should President Barack Obama and Congressional Republicans fail to cut a deal that avoids the fiscal cliff, it’s easy to forget that the budgets of most state governments will be heavily impacted as well. To recap, Congress and the President are facing two separate yet related…

145 Budget Cuts Can Be Political Winners

For decades now, Republicans have championed the vague idea of budget savings while fearfully shying away from efforts to “sell” the cuts as anything other than a necessary discipline. Their lack of courage and creativity is pathetic. In “fiscal cliff” negotiations and in all similar budgetary imbroglios in the next few years…

146 “Fiscal Cliff?” Don’t Liberals Constantly Claim Fealty to Clinton-Era Rates?

An urgent alert atop the official White House website announces the following:  “If Congress fails to act before the end of the year, every American family’s taxes will automatically go up. A typical middle-class family of four would see its taxes rise by $2,200 starting in 2013.”  So what’s the problem?  Aren…

147 Washington Post: Mr. Obama, Stop Blaming Bush for the Economic Crisis

Barack Obama:  “Governor Romney believes that with even bigger tax cuts for the wealthy and fewer regulations on Wall Street, all of us will prosper.  In other words, he’d double down on the same trickle-down policies that led to the crisis in the first place.”  Washington Post:  “Retire this talking point…

148 Small Business Shock: 55% Would Not Start a Business in Obama’s Economic Climate

“The data paints a bleak picture, with a majority of respondents saying in the last three years, the national economy is in a worse position for American small businesses and manufacturers…  The theme of government being a barrier rather than a help is clear throughout this data.” That was the sobering executive summary of…

149 Correcting the Clinton Record: Tax Cuts, Spending Restraint, Moderation

You never want to catch whatever Bill Clinton is spreading.  Accordingly, here’s some precautionary intellectual inoculation.  This week, Clinton attempted to rescue the political fortunes of a current president whose policy choices contrast sharply with his own.  Instead of a rescue, however, Clinton may have simply highlighted…

150 Steak Dinners and Slurpees: Numbers Refute Obama’s Attempt to Blame Deficits on Tax Cuts and Wars

In his most petulant and desperate demeanor yet, Barack Obama this week doubled down on blaming his own fiscal failures on George W. Bush.  Speaking at a fundraiser – what else? – in Baltimore, Obama also unveiled a new pet metaphor, substituting “steak dinner” for his familiar “slurpee” and “car in the…

 
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