By David Boaz
Some politicians say that banks need more regulation because JPMorgan Chase lost $2 billion, about 2 percent of its annual revenue. Meanwhile, the federal government will have a deficit of about $1.3 trillion this year, more than half its annual revenue (and about a third of its annual spending). Is there some sort of regulation [...]
Adult Supervision is a post from Cato @ Liberty – Cato Institute Blog
By Andrew J. Coulson
Californians may be forgiven for expectorating coffee over their morning newspapers today, as they learn that their state deficit is not $9 billion, as Governor Brown’s administration had predicted, but rather $16 billion. Oops. Further increasing the breakfast table choking hazard is the Governor’s “solution”: raise taxes. Gov. Brown is pushing a fall ballot initiative [...]
California Knows How to Party… $16 Billlion Too Lavishly is a post from Cato @ Liberty – Cato Institute Blog
By Chris Edwards
The Washington Times today discusses whether Mitt Romney’s political and policy team is looking too much like George W. Bush’s team. The reporter quotes me in his article: Chris Edwards, director of tax policy studies at the Cato Institute, a libertarian-leaning think tank, offered glowing reviews of Mr. Romney’s troika of advisers—Mr. Hubbard, Mr. Mankiw and Kevin [...]
Romney Needs Spending Cutters is a post from Cato @ Liberty – Cato Institute Blog
By Daniel J. Mitchell
It is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect their family finances. I’ve written about this issue before, particularly in the context of Obama’s class-warfare policies leading to an increase in the number of [...]
Facebook Billionaire Gives Up Citizenship to Escape Bad American Tax Policy is a post from Cato @ Liberty – Cato Institute Blog
By Tad DeHaven
Thumbtack.com is a young web start-up that people can use to find service professionals in their area. The company recently utilized its nationwide network to survey small businesses on their state’s business climate (select cities were included too). The survey, which can be found here, contained a couple of interesting findings. First, although taxes are [...]
Small Business Survey from Thumbtack.com is a post from Cato @ Liberty – Cato Institute Blog
By Juan Carlos Hidalgo
Let’s continue with a look at austerity policies in Europe. Yesterday I wrote that in Britain, austerity so far has meant only tax hikes, since government spending, both in nominal and real terms, continues to grow despite the announcement of deep cuts from 10 Downing Sreet. What about France? The country chose a socialist president [...]
Looking at Austerity in France is a post from Cato @ Liberty – Cato Institute Blog
By Tad DeHaven
Yesterday evening I blogged on a pending vote in the House on an amendment introduced by Rep. Mike Pompeo (R-KS) to eliminate funding for the Economic Development Administration. Unfortunately, the amendment failed today on a vote of 129-279. All 175 Democrats voting joined 104 Republicans in keeping the EDA alive. A single Democrat voting to [...]
Republicans Help Save the Economic Development Administration is a post from Cato @ Liberty – Cato Institute Blog
By Juan Carlos Hidalgo
I’m going to jump into the debate about austerity in Europe because it is being closely followed in Latin America, and many people are drawing the wrong conclusions about how austerity is strangling the European economies. But first, we have to be clear about what we mean by “austerity.” As the debate between Veronique de [...]
Looking at ‘Austerity’ in Britain is a post from Cato @ Liberty – Cato Institute Blog
By Chris Edwards
My new piece at Daily Caller looks at how the Democratic Party’s approach to tax policy has changed over the decades. The piece was prompted by a recent article from Norm Ornstein and Tom Mann claiming that needed bipartisan reforms are being blocked by the new “ideologically extreme” Republican Party. Baloney. It’s the Democrats who have changed. The party’s leaders [...]
Democratic Tax Policy, Then and Now is a post from Cato @ Liberty – Cato Institute Blog
By Tad DeHaven
My colleague Sallie James reported this morning on the looming vote in the House to reauthorize the Export-Import Bank. There are two other votes, which could come as soon as this evening, that would provide a similar indication of how serious the Republican-controlled House is about limiting government and supporting free markets. An amendment to [...]
Economic Development Administration—Telling Votes in the House is a post from Cato @ Liberty – Cato Institute Blog
