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.
As the late senator from Washington state, Warren Magnuson, who served for more than 30 years in Congress, once said, "All that each industry seeks is a fair advantage over its rivals." Wilt Chamberlain had a fair advantage on the basketball court because he stood 7-foot-1. It allowed him to score 100 points in a single game.
Situated on the outskirts of Sacramento is California's largest master-planned community, McClellan Park. It has homes, offices, restaurants, a hotel and even a 2-mile-long runway that serves jets. But 30 years ago, the location was a starkly different story: an Air Force base that had just been shuttered, costing 11,600 jobs.
President Donald Trump's record as the deregulation president is nearly unparalleled. In his first 100 days in office, he has already identified hundreds of billions of dollars of potential deregulation savings in the areas of energy, education and housing.
Anyone remember back in 2008 when the housing market collapsed and the stock market crashed, with many tens of millions of Americans seeing their lifetime savings nearly wiped out?
The PE and VC track records in funding small businesses and turning them into the future gazelles is almost a uniquely American success story.
President Donald Trump has predicted that his tariffs could raise as much as $6 trillion over the next decade in federal tax collections. These include up to 104% tariffs on China, plus the combination of reciprocal tariffs -- we charge them whatever they charge us. Also, don't forget the protectionist tariffs on steel, aluminum, autos, lumber, etc.
If you haven't watched the Bret Baier interviews on Fox News with Elon Musk and the other executives who have given their time and expertise to exposing the rampant fraud and inefficiency of our federal government, I urge you to do so.
President Donald Trump has promised to create millions of new high-paying jobs. One easy first step to doing that is to repeal Biden regulations on America's 4 million business partnerships (sometimes known as S corporations) that are prolific job creators. The latest estimates find 10 million Americans employed by these business partnerships, with $800 billion paid in worker salaries and benefits.
