When former President George W. Bush cut taxes, including his 2003 reduction in tax rates on investment, he always referred to it as putting more money in people’s pockets. I don’t want to be unfair, because the 2003 tax cuts were his best policy move. But Bush was never a supply-sider. Putting more money in people’s pockets is a demand-side argument. Read More
In January, I wrote that I thought this primary would go all the way to the convention due to voter uncertainty and was my major call for U.S. politics. These GOP debates are like votes in Greece: every one appears to be crucial, but each one creates more uncertainty. Read More
Team Romney tells me there will be a bolder tax-cut plan released either at the debate tomorrow night (if Mitt gets it in) or more formally at his Detroit Economic Club speech on Friday. I’m embargoed from releasing details until tomorrow. Read More
Michigan Republican Dave Camp, the chairman of the powerful tax-writing Ways and Means Committee, gave Treasury man Timothy Geithner a tough spanking this morning. Read More
If you shake out the Obama budget in terms of bold headlines, it’s really a class-warfare, tax-the-rich budget. Layer upon layer of tax hikes are piled on successful investors, small-business owners, and corporations. Read More
"I think the EU was a little harsh with the Greeks. It looks like they were trying to push them out of the euro zone. It could get bumpy next week,” said trader Art Cashin. Read More
That great phrase was coined by the late Jack Kemp, who believed that growth and opportunity for all is the answer to poverty - Does Mitt Romney understand this? Read More
The 2012 presidential campaign offers Republicans the opportunity for a robust debate on the roles of free markets and state intervention in defining the opportunities the economy offers Americans. Read More
A version of President Obama's "Buffett Rule" has been introduced in the U.S. Senate but it faces an enormous obstacle: strong Republican opposition. Today, Senator Sheldon Whitehouse, a Democrat representing Rhode Island, formally introduced what he's calling the "Paying a Fair Share Act of 2012." Read More