Later this week the United Nations will hold a vote on a multibillion-dollar climate change tax targeted squarely at American industry. Without quick and decisive action by the White House, this U.N. tax on fossil fuels will become international law.
A great but unheralded feature of the One Big Beautiful Bill passed in July was an authorization for the Federal Communications Commission to raise $88 billion to $100 billion through electronic spectrum auctions.
No one likes insurance companies -- trying to get them to pay a claim is like wrenching a bone out of a dog's clenched teeth -- and now we have another reason to hold them in low regard. The biggest advocate for blowing another $1 trillion hole in the federal budget is the health insurance lobby.
The giant insurance companies -- including UnitedHealthcare, Blue Cross Blue Shield and Humana are leading what Capitol Hill sources describe as "an unprecedented lobbying blitz to restore hundreds of billions in taxpayer-funded Obamacare and Medicare Advantage subsidies."
It's hard to believe that a couple years ago Time magazine considered naming Federal Reserve Board Chairman Jerome Powell as their Person of the Year. He may well have won, if it hadn't been for someone named Taylor Swift.
Anyone old enough to have lived through the mayhem and economic decline of the 1970s probably will recall the tax cut heard round the world. That was the famous California ballot initiative Proposition 13, which slashed property taxes by more than 25% and then screwed a tight cap on future rate increases.
President Donald Trump has done an admirable job at defanging the IRS, which was converted into a weaponized agency targeting Democrats' political enemies.
The Elizabeth Warrens of the world have long complained about how the rules in Washington and on Wall Street are rigged in favor of the rich.
Let's start with a very simple truism: You can't have prosperity without people.
Well, so much for the vaunted renewable energy "transition" to save the planet. This was always a fable. We get 80% of our energy from fossil fuels, and with Donald Trump now in the White House, that ratio is rising, not falling.
This is the dawning of the age of school choice.
Trump's announcement and executive order to ensure that the U.S. dominates the artificial intelligence revolution was a welcome America First policy directive. That mostly means keeping the government out of the way.
The most recent Wall Street Journal political poll shows that Democrats have swerved into a deep ditch.
Over the last several decades, you could count on your fingers (and maybe a few toes) the number of government programs that have been canceled -- no matter how obsolete, inefficient or wasteful they were, and despite the fact that, in some rare cases, their missions were accomplished.
President Donald Trump should follow up on his historic "big, beautiful" tax bill with an extra booster shot for the economy by immediately indexing the capital gains taxes for inflation.
Everyone knows that the "big, beautiful" tax bill signed into law on the Fourth of July lowers tax burdens for families and businesses. It also averts a $4 trillion tax increase starting next year. That's enough reason to heartily celebrate.
At the birth of the internet age in the early 1990s, the U.S. and Europe took opposite approaches to advancing this new economy-changing technology.
The House-passed "big, beautiful" tax bill is a tremendous achievement and a giant spark plug for growth. The bill extends all the Trump tax cuts of 2017, thus heading off a $4 trillion tax INCREASE next year. It expands health savings accounts, includes expensing of major capital and research expenditures by businesses, allows more money for school choice, and includes "no tax on tips" and no tax on overtime pay. And that's just for starters.
These days it seems that a mysterious group called "the CBO" rules the world, or at least Washington, D.C. Unfortunately, it's not very good at predicting things, and its bad calls can lead to bad policy results.
In one of the most convoluted lawsuits of all time, a cabal of state attorneys general and the Federal Trade Commission are now accusing financial firms BlackRock, State Street and Vanguard of monopolistic behavior. The complaint asserts that these firms bought coal stocks and then helped impose radical environmental restrictions on the companies they partially own so that coal output would fall and the price of coal would rise. The lawsuit alleges that this strategy generated "supra-competitive" profits for those investors.
Here's an economics lesson that belongs in the textbooks.
