Economics

April 16th, 2025
It’s buried at the end, but it’s not shocking that former Rolling Stone editor Matt Taibbi isn’t a Trump fan. He finds him puzzling, even when discussing issues where he finds agreement. He’s a classic liberal, but on the issue of tariffs, free trade, and globalization, Taibbi had a clear message: it’s time to blow it up.
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April 10th, 2025
By: Merrill Matthews. wsj.com – April 7, 2025 Allowing one-time, taxable IRA withdrawals would produce the billions in revenue Republicans are looking for. One of the problems Congress sought to fix in 2017 was the repatriation of U.S. multinational funds sitting in overseas bank accounts. At the time, U.S. multinationals paid the taxes due in the country where they operated,...
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April 10th, 2025
President Trump has imposed the largest tax increase since 1982 through his tariffs, which will cost U.S. taxpayers $258.4 billion this year alone and $2.9 trillion over a decade, damaging the Repu…
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April 10th, 2025
By: Karl Rove – wsj.com – April 9, 2025 This chaos has been bad for everyone. Can the master negotiator now turn it around? Common sense prevailed Wednesday when President Trump announced he’d pause tariffs on most countries for 90 days. It’s good for America and his own political standing that he’s decided to become a dealmaker. He’s certainly got...
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April 2nd, 2025
In late January, the Fair Tax Act, H.R. 25, was introduced in Congress yet again. This time the bill’s chief author is Rep. Earl L. “Buddy” Carter (R-GA). The Fair Tax Act is a bill to replace the current Internal Revenue Code with a national retail sales tax, known as the Fair Tax.
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March 24th, 2025
By: The Editorial Board – wsj.com – March 23, 2025 California had a jobs recession in 2024, Texas had a jobs boom. Private businesses shed jobs in the year, including in construction (-28,600), manufacturing (-33,400), information (-11,700), finance (-21,800), professional and business services (-49,000), leisure and hospitality (-29,500) and retail (-4,300). Some job losses are a result of small businesses...
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March 17th, 2025
Many voters didn’t support Donald Trump to make the stock markets skyrocket. They instead want opportunities for good jobs and a lower inflation rate.
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March 4th, 2025
Higher prices for the goods to which tariffs apply, negative effect on GDP growth, negative effect on jobs numbers, continued stock market underperformance.
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February 27th, 2025
Socialism is popular! A Pew study reports that more than a third of American adults view it positively. How is this possible?
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February 13th, 2025
Former President Joe Biden left a terrible legacy: the border catastrophe, chaos and disorder abroad, increased crime, oppressive wokeness. But for today’s purposes, consider the damage done by Biden’s economic policies.
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