The Corner

Extending the Boom

Our new editorial:

Republican leaders have now agreed to extend the capital-gains and dividend tax cuts until the end of 2010. All of Bush’s tax cuts would expire at that time. We would have preferred to make the tax cuts permanent the moment they were enacted. Or at least as permanent as policies ever are: No Congress can prevent a future Congress from raising taxes. The most Congress can do is to prevent taxes from going back up automatically, without a vote. Making the tax cuts permanent would merely increase the probability that tax rates would stay low. Extending them raises that probability, too, but not as much. The extension makes it a little bit easier to make economic plans for the next few years.

But we ought to do more. One of the most valuable of Bush’s tax cuts—the provision to let businesses write off the cost of investment quickly, instead of stretching the write-off over many years—has already expired. It should be reinstated. America taxes corporations relatively heavily. Growth-oriented conservatives should aim to change that.

 Read the full editorial here .

Most Popular


Angela Rye Knows You’re Racist

The political philosopher Michael Oakeshott said that the “rationalist” is hopelessly lost in ideology, captivated by the world of self-contained coherence he has woven from strands of human experience. He concocts a narrative about narratives, a story about stories, and adheres to the “large outline which ... Read More

What the Viral Border-Patrol Video Leaves Out

In an attempt to justify Alexandria Ocasio-Cortez’s absurd comparison of American detention facilities to Holocaust-era concentration camps, many figures within the media have shared a viral video clip of a legal hearing in which a Department of Justice attorney debates a panel of judges as to what constitutes ... Read More
Politics & Policy

Pro-Abortion Nonsense from John Irving

The novelist has put up a lot of easy targets in his New York Times op-ed. I am going to take aim at six of his points, starting with his strongest one. First: Irving asserts that abortion was legal in our country from Puritan times until the 1840s, at least before “quickening.” That’s an overstatement. ... Read More
Film & TV

Murder Mystery: An Old Comedy Genre Gets Polished Up

I  like Adam Sandler, and yet you may share the sense of trepidation I get when I see that another of his movies is out. He made some very funny manboy comedies (Billy Madison, Happy Gilmore, The Waterboy) followed by some not-so-funny manboy comedies, and when he went dark, in Reign over Me and Funny People, ... Read More