The 2018 tax cut will be a minor plus for Republican candidates on the campaign trail this fall, but real tax reform could be a big help in solving the fiscal problem longer term. Read More...Tags: Tax Cuts and Jobs Act , Speaker Paul Ryan, Bipartisan Budget Act, Rep. Kevin Brady, special interest tax breaks, economic growth rate, Chad Moutray, Sen. Chuck Schumer , Rep. Nancy Pelosi, Congressional Budget Office, tax revenues, Tax Reform 2.0, Indexing capital gains for inflation, Tax Reform Act of 1986, SimpleTax, grand bargain, balkanizatiion of government's fiscal equation, Afordable Care Act, Social Security, carbon tax, Market Choice Act, national park maintenance
Economic growth has been accelerating while inflation remains moderate, but this may not last long. Modest government policies, designed to support the private sector rather than controlling it, should be the order of the day. Read More...Tags: Great Recession, economic growth rate, Keystone pipeline, Environmental Protection Agency, Scott Pruitt, US vs. global economy, NAFTA, trade war with China, unemployment rate, workforce participation rate, minimum wage, food stamps, inflation rate, Consumer Price Index, John Williams, Federal Reserve, 2% inflation target, Janet Yellen, Jerome Powell, ethanol blending mandate, crony capitalism, Federal Reserve dual mandate
10/02/17 Filed in:
Political SystemGridlock in fixing the fiscal problem is unfortunate, but in other cases it's not necessarily a bad thing. Read More...Tags: President Donald Trump, drain the swamp, Gresham's Law, national debt, gridlock, economic stimulus , happytalk, Great Recession, Sen. Tom Carper, economic growth rate, hurricane damage, tax cut , Reagan tax cut, Treaasury Secretary Steven Mnuchin, Affordable Care Act, President Barack Obama, Graham-Cassidy bill, Sen. Susan Collins, Sen. John McCain , Sen. Rand Paul, single payer system, cap and trade proposal, manmade global warming , climate change, offshore wind power, DE Governor John Carney
08/21/17 Filed in:
SpendingUnlike the official House budget, the Republican Study Committee version would cut spending aggressively. Read More...Tags: President's budget proposal, defense spending, entitlement programs, Social Security , Medicare, Medicaid, GovCare, economic growth rate, Congressional Budget Office, House Budget Committee, Affordable Care Act, revenue neutral tax plan, macroneconomic adjustment, budget reconciliation process, Rep. Kevin Brady, SAFE budget, Republican Study Committee, House Freedom Caucus