The United States government is in the midst of a budget crisis. The federal government has run a deficit—it has spent more than it collected in tax revenues—in all but four fiscal years since 1969, but recent deficits have reached unsustainable levels. In 2009, the government spent $1.4 trillion more than it raised, the largest nominal deficit in history and ... Read More
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This post was originally published on the blog of THE WEEKLY STANDARD. In their desperation to cut losses in the 2010 midterms, Democrats are relying ever more heavily on their message that Republicans care nothing about the poor. The GOP, we are told, has opposed tax relief for working class families, subsidized health insurance for those who can’t afford it, ... Read More
A similar post originally appeared on the blog of THE WEEKLY STANDARD. The Justice Department has filed a lawsuit against Arizona’s controversial immigration law, S.B. 1070, which enforces federal immigration law at the state level. Whereas the outcry in the national media has focused on the legislation’s racial implications, the Obama administration contests the law largely on the grounds that, ... Read More
In a press conference late last week, Speaker Nancy Pelosi addressed legislation before the House to extend unemployment benefits until November 30. Asked if the extension would serve as a “disincentive for people to look for work,” Pelosi dismissed the argument as a “misrepresentation of the motivation for people to be on unemployment insurance” and an “insult to the working ... Read More
In a generally well-written article, HPR staff writer Will Rafey recently addressed the need to raise the gas tax “to make the private cost of driving a car reflect its actual social costs: global warming, air pollution, traffic congestion, and highway maintenance,” and how difficult this has become in the current political climate. I have no disagreement with the thrust ... Read More
Just before its Memorial Day recess, the House passed a bill that, according to The New York Times, would raise the taxes that investment managers pay on carried interest, just at the moment new long-term investment is most needed. General executive partners of long-term investment partnerships, including investments in real estate, venture capital, private equity, and other investments, are paid ... Read More
Sam Barr’s most recent post makes the rather shocking claim that Rand Paul, the Republican nominee for the U.S. Senate seat in Kentucky being vacated by the retiring Jim Bunning, is a racist, or at least that he is not a non-racist. Sam deduces this from the fact that Mr. Paul is not a “consistent libertarian,” that he “picks and ... Read More
[The Supreme Court's] purpose is not to uphold the interests of individuals (at least not directly), but to faithfully interpret the Constitution.
In a bold step intended to reduce poverty, the European Union will soon be providing some of the Continent’s poorest citizens with subsidized plane tickets and hotel rooms. The Toronto-based National Post reported on Monday that the European Union has declared traveling for tourism a human right, and is launching a scheme to subsidize vacations with taxpayer money for those ... Read More
In his April 11 post, “Weighing In: The Great Tax Debate,” Max Novendstern rebuts my most recent argument that it is inappropriate for 73 percent of federal income taxes to be paid by 10 percent of the American population. Since our disagreement is to at least some extent based on our differing conceptions of fairness, I will offer only a ... Read More
For nearly half of American households this year, April 15 will be no different from any other day. AP’s Stephen Ohlemacher reported on Thursday that, according to the Tax Policy Center in Washington, about 47 percent of Americans will pay no federal income taxes for FY2009, either because their incomes were too low, or they qualified for enough credits, deductions, ... Read More
The Obama administration environmental agenda reemerged on Thursday with the announcement of additional restrictions on strip mining, new fuel efficiency standards for cars, and expanded offshore drilling. These measures may have some merit, but a solution to America’s energy problems will require more comprehensive reform that reduces carbon emissions, eliminates dependence on foreign energy, minimizes economic impact, and is politically ... Read More
Turning from the coca fields to the cocaine market While anti-drug policy rarely makes headlines in American politics today, the issue dominates politics in Colombia. The South American country is a hotbed for cultivation of the coca plant, the key ingredient in cocaine production. As of 2007, the Office of National Drug Policy reported that 167,000 hectares of the country’s ... Read More
Tom Ridge on the creation and evolution of the Department of Homeland Security and the future of the Republican Party. Tom Ridge is the first Secretary of Homeland Security. He is a former Representative and Governor of Pennsylvania. He was very visible in the 2008 Presidential Race as an aide to Senator John McCain. Harvard Political Review: Can you describe ... Read More
