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Posts Tagged ‘economy’
U.S. Free Trade Deals – Unnecessary Delay?
The House Ways & Means Committee is considering three Free Trade Agreements: Colombia, Panama, and South Korea. The International Trade Commission estimates that these three agreements will increase our exports by $13 billion, creating 250,000 jobs within our borders. However, The White House has indicated that it will not submit...
Texas: Model for Economic Success
The state of Texas led the nation with 119,000 new jobs created from August 2009 to August 2010. The total for the United States as a whole was 214,000, meaning the Lone Star state accounted for over half of the nation’s job growth during this time. The Texas model for...
“Soak the Rich” Equals Weakened Economic Performance
Economist Arthur Laffer takes on proposals to raise taxes for higher income earners by pointing out that states that tax the rich heavily weaken their economic performance. Laffer is discussing a plan to add a personal income tax to the state of Washington, but its principles apply everywhere. As liberals fight about...
WSJ: The Democrat Tax Retreat
The Wall Street Journal considers the decision by Congressional leaders not to vote prior to the election on legislation to block the Obama tax increases. As the Journal notes, this entire ugly episode is precisely what happens when a governing philosophy is repudiated: Listen closely to the political debate in...
Senate to Postpone Tax Vote until after Election
On Thursday evening, Senate Democrats passed up the opportunity to vote on extending the Bush tax cuts until after the November election. There is a split within the party between liberals and moderates about whether to extend the cuts for all Americans, or limit them to the middle class. With so...
Saving the Common Light Bulb
A law enacted in 2007 is shipping American jobs to China. The reason? A de facto ban on incandescent light bulbs. The Energy Independence and Security Act of 2007, under Subtitle B of Title III, has functionally banned all incandescent bulbs in the United States by 2014 by setting energy...
Liberal Fiscal Policies Lead to Poverty
On Sunday the Associated Press reported that the poverty rate is expected to jump nearly two points to 15 percent. This increase would be the largest single-year increase since the government began keeping track. Is it a coincidence that the poverty rate will see its largest increase when a liberal...
Video: Boehner Calls for Vote to Block Tax Increases
Today Congressman John Boehner challenged Speaker Nancy Pelosi to allow the House of Representatives to vote on whether to impose the largest tax increase in American history. It increasingly appears that a bipartisan majority of the House likely opposes this tax increase, but Pelosi has so far refused to allow...
Public Sector Workers Out-earn Private Sector America
The new division in America that offends fairness is no longer between rich and poor. It is the gap between public and private sector workers. Political tension is growing as public sector compensation rises while private sector jobs are disappearing. In the past, government workers were provided job security and good...
Unemployment Likely Headed Higher
Forbes reports that the Department of Labor will release the August employment report Friday morning, and according to one respected analyst, the news is likely to be bad: How’s this for a way to kick off the Labor Day Weekend: Hurricane Earl is uprooting many Easterners’ holiday plans, and Friday’s...