Democrats on the Joint Select Committee on Deficit Reduction last week floated a proposal that includes massive tax increases on wealthy Americans. While their plan would also include some cuts to entitlement programs, the tax-code changes make up a significant portion, according to press reports. The Los Angeles Times reported: “Revenue would be raised mostly […]
House Cloakroom: October 31 – November 4 Analysis: This week the House will take up two bills to reduce regulations on capital. Additionally, the House will vote on legislation relating to wireless taxes as well as protecting Peace Corp workers from sexual assault. Major Floor Action: HR 2940 – Access to Capital for Job Creators […]
Washington politicians talk a good game when it comes to job creation. But when it comes to actually doing something, they’ve been unable to provide long-term stability on tax policy and reassure business leaders they’re serious about deficit reduction. The result is a cloudy economic climate that has left businesses sitting on cash rather than […]
Evidence shows that “austerity” during a sharp downturn in 1920 coincided with quick economic recovery and robust growth throughout the rest of the decade. Nevertheless, there is a belief that the example of President Herbert Hoover from 1929–1933 was a failure of austerity, which pushed the economy into the Great Depression. It was not. Hoover […]
by Daniel Pipes National Review Online October 25, 2011 Confidently commenting on the execution of Libya’s long-time dictator, Barack Obama stated that “the death of Mu’ammar al-Qaddafi showed that our role in protecting the Libyan people, and helping them break free from a tyrant, was the right thing to do.” About his own decision to […]
The echo chamber of Washington is hard at work. The consensus is growing that the U.S. military will need to aim for a slimmer but still perfectly effective military, thanks to the budget and capability cuts of the past three years. However, given the magnitude of ongoing defense budget cuts, a hollowing force simply does […]
Ra’ed Salah, the head of the Islamic Movement in Israel’s northern branch, is “undesirable” and can be deported from the United Kingdom, a British immigration board decided Wednesday. Salah, the board decided, was a troublemaker who, if allowed to remain in the country, might very well result “in the unacceptable behaviour of fostering hatred which […]
Speech by Congressman McClintock given to the California Independent Automobile Dealers Association We are in the third year of policies predicated on the assumption that if Government just injects enough money into the economy, it can jump start consumer spending and therefore, economic growth. For three years, this administration has squandered more than a trillion […]
An Iranian chessmaster has been expelled from an international chess tournament after refusing to play an Israeli opponent. Top Iranian Grandmaster Ehsan Ghaem Maghami refused to play Ehud Sachar for political reasons at the Corsica Masters championship. Shachar, a FIDE Master, was Maghami’s scheduled opponent in the fourth round of the competition. “Politics has no […]
It came as no surprise when Argentine President Cristina Fernández de Kirchner swept the election on Sunday, earning herself a second term. After all, polls had projected her win for weeks beforehand, predicting that she would take anywhere from 52 percent to 57 percent of the votes. In the end, exit polls report that she […]
