China was supposed to have its Great Leap Forward from 1958 to 1962, under the leadership of Chairman Mao. That didn’t work out — Mao’s policies ended up killing about 50 million people instead. China later had its genuine Great Leap Forward …
Life under the Trump-GOP Tax Cuts
‘Armageddon,” House Democratic leader Nancy Pelosi of California called the Tax Cuts and Jobs Act (TCJA), the $1.5 trillion tax-reform measure passed by the Republican Congress and signed by President Donald J. Trump on December 22. She dubbed this measure “the worst …
The GOP’s Tax Reform Is Great for Gig-Economy Workers
This is the untold story of tax reform: It’s a boon for freelancers, contractors, and the 24 million American workers who participate in the “gig economy.”
Next year, Uber drivers, Web designers, and contract janitors will see large reductions in …
President Trump Signs GOP Tax-Reform Bill into Law
This morning, President Donald Trump signed the Republican tax bill into law, just before leaving Washington, D.C., to spend Christmas in Florida. The president also signed the continuing resolution, which Congress passed yesterday, a short-term bill that will fund …
The GOP’s Tax-Reform Parlay Is a Long Shot
The Republicans are betting big on a parlay.
In gambling, a parlay is a combination bet that pays off only when every part of the wager wins. So if I bet that the Patriots, Cowboys, and Dolphins will win on …
Executing to Plan: The Tax Bill
I have not hesitated to criticize the Congress for its failures this year, especially for the lack of attention to the nation’s defense, on which everything else depends. That being said, it’s only fair to acknowledge success, and …
Let the Mockers Mock, $1,000 Can Make a Difference for American Families
Earlier this week, my family received a disturbing piece of junk mail. I’m used to getting simulated checks in the mail, advertisements for personal loans or potential home-equity loans with eye-popping numbers on the front. They’ll say, “This …
Republicans have had their spoonful of sugar. Time for the medicine.
Taking the ever-popular dessert-first approach to fiscal policy, Republicans have delivered a very large tax cut. It has some good features: It lowers the U.S. statutory corporate-tax rate, …
Fifth-Third and Wells Fargo Will Pay $15 Minimum Wage Thanks to Tax-Reform Bill
Update 6:30 p.m.:
Comcast-NBC Universal and Wells Fargo have joined with several other businesses to announce plans to use money saved by the Tax Cuts and Jobs Act for investments and bonuses. Comcast will award $1,000 bonuses to over 100 thousand employees …
Tax Bill Heads to Trump’s Desk After Passing in House and Senate
The Republican tax bill passed in the House today after a Senate vote last night (and another House vote, which needed to be repeated due to a technicality.)
The bill marks the first major legislative victory for party leadership this …
Message to House Democrats: You Can’t Always Get What You Want
A strange development: Liberal members of the U.S. House of Representatives seem to think they can get everything they want on legislation for DACA without making major concessions to Republicans and the Trump administration.
Democratic leaders are facing a …
Why 2018 Will Be a Banner Year for Worker Wages
The liberal media has been replete with pronouncements that the Trump tax cuts are a giveaway to the top 1 percent and provide only meager benefits to working-class households. Trump’s economic advisers, by contrast, claim the new law will boost …
GOP Business Tax Cuts Force Other Countries to Compete
The Republican tax plan has a lot of moving parts, but its centerpiece is a major long-term cut in corporate taxes. American businesses have been eagerly anticipating these cuts, and 2017’s strong stock performances were driven in part by an …
Democrats Are Fooling Themselves about Tax Reform’s Unpopularity
According to political analysts, Democrats in 2018 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 …
Will Republicans Fix 1970s Budget Rules Next?
The Republicans have passed their tax bill, without a single Democratic vote, despite low to dismal poll ratings. It’s reminiscent of the passage by Democrats, without a single Republican vote, of Obamacare in March 2010.
Democrats lost 63 seats and their House …
Leftists Call Tim Scott a ‘Token Republican,’ Ignoring His Central Role in Tax Reform
It often can be remarkably difficult to be a black Republican, and especially one who’s also a public figure. Just ask South Carolina senator Tim Scott, a Republican leader who routinely faces abuse from the left for daring to …
“Probably one of the worst bills in the history of the United States of America. The debate on health care is like death. This is Armageddon.” — House minority leader Nancy Pelosi, describing the Republican tax cut bill, December 4.
Survival of the Shrillest
“The intellectual cannot operate at room temperature.”
— Eric Hoffer, First Things, Last Things (1971)
Eric Hoffer (1902–1983) meant that intellectuals in his day tended not to be temperate. In our day, this defect — moral overheating — has been democratized: Anyone can …
The Tax Cut Doesn’t ‘Tilt Toward the Middle Class’
I’m seeing claims from some conservatives and libertarians that the tax cut is not only not tilted toward the rich, but is actually tilted toward the middle class. The first claim is defensible, the second less so.
Let’s take a …
Dear Democrats, Ownership Isn’t Theft
I’m starting to think that all too many Democrats believe that private citizens and private corporations don’t actually own their private income or their private property.
Otherwise, how can we explain the Democratic insistence, repeated endlessly over the …