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AEIAfter tax cuts: what a pro-growth agenda should look like Let's assume for a moment that Republicans pass and President Trump signs a $1 trillion-plus tax reform/cut bill. (I don't think the odds are 70%–80%, but “more likely than not” is reasonable, at least as I see it.) Now whatever the White House says or aggressive dynamic scoring models predict, America's 2% economy probably doesn't turn into a 3% economy, much less a 4%–5% economy, where income growth is more broadly shared. Other than figuring out how to now pay for those tax cuts (no small issue), what should be on Read More >>
Mon, Nov 20, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
President Donald Trump still has vocal Republican detractors. But they are laboring under two problems. The first, which has received a lot of attention, is that there aren't a lot of them. In the latest Gallup poll, Trump has the approval of 82 percent of Republicans. The second, which has received less attention, is that this minority of Republicans is divided. It's divided on policy issues. Bret Stephens, Max Boot and Charles Sykes are all right-of-center commentators who want Republicans to dump Trump. But they also want gun control, sometimes of a sweeping nature. Other frequent Trump critics on the right, such Read More >>
Mon, Nov 20, 2017
Source: Marc Thiessen Category: MARC THIESSEN
AEIShould we be as excited about the US economy as Trump is? From the @realDonaldTrump Twitter account this morning: Under President Trump unemployment rate will drop below 4%. Analysts predict economic boom for 2018! @foxandfriends and @Varneyco — Donald J. Trump (@realDonaldTrump) November 20, 2017 Now what I think he is referring to is this Goldman Sachs forecast: We have raised our GDP growth forecast for 2018 to 2.5% and lowered our unemployment rate forecast to 3.7% by end-2018 and 3.5% by end-2019. . . . Both wage and price pressures are likely to firm in this environment. Wage growth is moving toward the 3-3.25% Read More >>
Mon, Nov 20, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIBreak up Big Tech? What does that even mean? Are the very large, very successful tech megaplatforms a problem that needs solving? Are they suppressing competition, innovation, free speech, democracy? I'm skeptical that case has been proven to the extent a strong public policy response is required ASAP. And I am equally skeptical of the solution set being offered by those who are quite comfortable that the anti-tech case has been proven. Break ‘em up! Regulate the heck out of them! (Sotto voce: Nationalize them.) (L-R) Amazon CEO Jeff Bezos and Larry Page, CEO and Co-founder of Alphabet, sit during a meeting Read More >>
Mon, Nov 20, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIShould Washington break up Big Tech? The past year has seen a strange convergence of left and right on one topic: growing fear of Silicon Valley's leading firms. A few headlines will tell the tale. From Axios: “Tech's new Washington problem: Democrats.” From The Intercept: “Steve Bannon Wants Facebook and Google Regulated Like Utilities.” Vox: “Elizabeth Warren wants the government to crack down on technology giants.” Breitbart: “Tucker Carlson: Google should be regulated like the public utility it is.” Twitter Acting General Counsel Sean Edgett, Facebook General Counsel Colin Stretch and Google Senior Vice President and General Counsel Kent Walker are sworn Read More >>
Mon, Nov 20, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
FBI and Justice Department officials have told congressional investigators in recent days that they have not been able to verify or corro... at WashingtonExaminer.com Read More >>
Sun, Nov 19, 2017
Source: Byron York Category: BYRON YORK
Franken has acknowledged the photo, but he has not admitted a more serious charge. at WashingtonExaminer.com Read More >>
Sat, Nov 18, 2017
Source: Byron York Category: BYRON YORK
AEIProfits have been high. That isn't an argument against corporate tax reform It's an argument I see all the time on Twitter: “Corporate tax reform is useless. Just same-old same-old trickle-down economics. Profits are high and have been high for some time, not that it's really helped workers. Because it hasn't. So been there, done that.” And so on and so forth. Now let's put aside what Republicans are doing right now in Congress, and instead look more generally at the pro-growth implications of corporate tax reform, properly understood. Many respected economists, whether considered Republican-leaning or Democratic-leaning, think well-designed, revenue-neutral corporate tax reform Read More >>
Fri, Nov 17, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIFrom North Korea to Venezuela to Zimbabwe: When terrible government destroys a country It's especially compelling when reality makes your economic and and political points vividly clear and intellectually inescapable. Nothing like a natural experiment to drive a message home. Unfortunately, the fellow traveler in these cases is sometimes vast human misery. At unification, West German living standards were more than twice those in the communist East (and are still a third higher despite $2 trillion in fiscal transfers over the years). Venezuela shows what happens when full authoritarian populism gets put into action. And who hasn't seen the stark image of Read More >>
Fri, Nov 17, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIDo the tech masters of the universe need to be tamed? Financial Times columnist Martin Wolf runs through the numbers on just how big Big Tech really is: Eight of the world's most highly valued companies are technology businesses. The combined market capitalisation of these companies is $4.7tn. That is 30 per cent of the combined market capitalisation of the other 92 companies in the world's 100 most valuable firms. Of these eight companies, five (Apple, Alphabet, Microsoft, Amazon and Facebook) are from the US, two are Chinese (Alibaba and Tencent) and one is South Korean (Samsung). The most highly valued European Read More >>
Fri, Nov 17, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
The Alabama Senate race is shaping up as a catastrophe for the GOP, regardless of how it works out. But just how big a catastrophe? at WashingtonExaminer.com Read More >>
Thu, Nov 16, 2017
Source: Byron York Category: BYRON YORK
AEIMore trouble brewing for Big Tech on the right Josh Hawley, Missouri's attorney general, has launched an investigation into whether Google has violated that state's consumer protection and antitrust laws. Now Hawley, 37, is a Republican and apparently considered a rising start within the party. And if this is a sign where the Trumpopulist GOP is heading, Big Tech has serious cause for concern. More on this from Timothey Lee of Ars Technica: Hawley's decision to go after Google suggests that he sees some up-side in being seen as an antagonist to a company that conservatives increasingly view with suspicion. More Read More >>
Tue, Nov 14, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIAn amazing chart: Why the US will become ‘the undisputed global oil and gas leader for decades' This new analysis and forecast from the Energy Information Agency, reflected in the above chart, is amazing: A remarkable ability to unlock new resources cost-effectively pushes combined United States oil and gas output to a level 50% higher than any other country has ever managed; already a net exporter of gas, the US becomes a net exporter of oil in the late 2020s. In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period Read More >>
Tue, Nov 14, 2017
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
The FBI opened a counterintelligence investigation into the Trump-Russia affair shortly after receiving the first installment of an anti-... at WashingtonExaminer.com Read More >>
Sun, Nov 12, 2017
Source: Byron York Category: BYRON YORK
For some in the media, it was not enough to praise Lt. Gen. Jay Silveria. One must also denounce President Trump. at WashingtonExaminer.com Read More >>
Thu, Nov 09, 2017
Source: Byron York Category: BYRON YORK
The FBI released its official crime tally for 2016 on Monday, and the data flies in the face of the rhetoric that professional athletes rehearsed in revived Black Lives Matter protests over the weekend. Nearly 900 additional blacks were killed in 2016 compared with 2015, bringing the black homicide victim total to 7,881. Those 7,881... Read More >>
Tue, Sep 26, 2017
Source: Heather MacDonald Category: HEATHER MCDONALD
When you are facing criminal charges, you cannot sit there waiting for the state or federal prosecutor to prosecute you. This is because the sentences meted out on persons convicted of a crime are quite severe. They range from huge fines and penalties to several years in jail. In fact, some crimes come with a life sentence or a death penalty. Whatever the case, you cannot allow a criminal offense to get into your record. That is why it is important for you to hire the best criminal defense attorney Queens NY has to offer. A competent attorney will do Read More >>
Thu, Sep 21, 2017
Source: Andrew C. McCarthy Category: ANDREW C. MCCARTHY
Politically fueled cop hatred has taken another victim. Convicted felon Alexander Bonds, who had already assaulted an officer with brass knuckles, wrote on Facebook last September, “Police is f—-ts, and this ain't no gimmick. That's where your taxpayer money be going, to pay off your own people being murdered. N—-s ain't taking it no more,... Read More >>
Thu, Jul 06, 2017
Source: Heather MacDonald Category: HEATHER MCDONALD
One of the painful realities of our times is how long a political lie can survive, even after having been disproved years ago, or even generations ago. A classic example is the phrase "tax cuts for the rich," which is loudly proclaimed by opponents, whenever there is a proposal to reduce... Read More >>
Tue, May 02, 2017
Source: Thomas Sowell Category: THOMAS SOWELL
Many people seem shocked at the recent savagery of a mob of students at Middlebury College, who rioted to prevent Charles Murray from addressing a student group who had invited him to speak. They also inflicted injuries requiring hospitalization on a woman from the faculty who was with... Read More >>
Mon, Mar 13, 2017
Source: Thomas Sowell Category: THOMAS SOWELL