There is an old saying that you can't teach an old dog new tricks, and we've learned that again with the Congressional Budget Office and its latest highly misleading fiscal forecast.
Stephen Moore, who formerly wrote on the economy and public policy for The Wall Street Journal, is chief economist at The Heritage Foundation.
April 17, 2018, 8:53 AM EDT
April 12, 2018, 8:31 AM EDT
The White House is seriously considering a strategy to cancel tens of billions of dollars of wasteful spending in the $1.3 trillion budget signed by President Donald Trump last month.
April 3, 2018, 8:52 AM EDT
Is it possible that Donald Trump is winning on trade?
March 28, 2018, 8:56 AM EDT
Hillary Clinton is being universally panned by Republicans and Democrats for her recent rant against people who voted for Donald Trump. While giving a speech in Mumbai, India, Clinton boasted that she "won the places that represent two-thirds of America's gross domestic product." She went on: "So I won the places that are optimistic, diverse, dynamic, moving forward." As evidence, she pointed to places such as Illinois, where she won by sizable margins. Then she added that those who voted against her "didn't like black people getting rights, and don't like women ... getting jobs."
March 20, 2018, 11:29 AM EDT
Donald Trump is producing the kind of shoot-the-moon economic recovery that we last saw under Ronald Reagan in the 1980s. He's copied a lot from the Reagan playbook: Deregulate; cut taxes; promote American energy. He should also think about adopting another Reaganite initiative: Let American companies grow, merge, restructure and become more profitable so they can compete on the global stage.
March 15, 2018, 11:04 AM EDT
Last week, Donald Trump dialed back his earlier call for a punitive and blanket tariff on imported steel and aluminum. Good decision. The financial markets rallied, as the new plan specifically targets countries that are cheating and stealing, such as China and Russia, and provides exemptions for allies.
February 28, 2018, 11:24 AM EST
The Trump administration and the Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts and Jobs Act ranks in the all-time hall of fame along with former President Reagan's 1981 and 1986 tax acts, and former President Kennedy's posthumous tax cuts in 1964. The announcements by Apple, FedEx, AT&T, Fiat Chrysler and over 300 companies with multibillion dollar investments in the United States are early lead indicators of good things to come from the tax-rate cuts.
February 16, 2018, 9:28 AM EST
The Bipartisan Budget Act of 2018 signed into law last week really should be renamed the Bipartisan Budget Crash Act.
December 14, 2017, 8:27 AM EST
Republicans are supposed to be the party that cuts the job-killing capital gains tax, not raises it. But because of a quirk in the Senate-passed tax bill, the tax on capital gains may go up — and for some types of long-held assets, fairly substantially.
June 20, 2016, 3:03 PM EDT
President Barack Obama needs a reality check.
April 20, 2016, 5:04 PM EDT
There was a time in America—and it wasn’t even so long ago—that liberals actually cared about working class people. They may have been misguided in many of their policy solutions (i.e., raising the minimum wage) but at least their heart was in the right place.
January 18, 2016, 5:23 PM EST
The great Jack Kemp used to say about politicians that “voters don’t care what you know until they know that you care.” Congressional conservatives say they care about the poor and minorities, but do they really?
January 11, 2016, 12:34 PM EST
So President Barack Obama is back from Hawaii and the Los Angeles Times reports the president will trumpet his economic record. The Times reports:
November 18, 2015, 5:12 PM EST
It hasn’t gotten much attention, but two big budget showdowns are looming in Washington in the weeks ahead. The first is what to do about raising the $18-trillion debt ceiling. And the second is whether to retain the spending caps/sequester cuts in the 2016 budget. Treasury Secretary Jack Lew announced last week that Congress will bump up against the debt ceiling in November.
October 19, 2015, 1:05 PM EDT
My 13-year-old son told me at the dinner table the other day that Franklin Roosevelt was one of America’s “greatest presidents” because “he ended the Great Depression.” He’s usually a good student, so I checked where he got this tripe, and sure enough, the fairy tale was right there in his American history book.
July 13, 2015, 10:29 AM EDT
The Greek citizens have rolled the dice and voted overwhelmingly to reject the “austerity” referendum. This was a way for voters to stick a finger in the eye of their creditors. The left around the world has responded to the vote with thunderous applause—and is selling the results as a vote for “the little guy.”
June 23, 2015, 3:03 PM EDT
Recent polling shows a big majority of Americans think it will be more difficult for this generation of millennials to achieve the American dream of climbing the economic ladder.
June 2, 2015, 4:21 PM EDT
Here’s a half-serious question: How much do taxpayers have to pay off Boeing to make the Export-Import Bank finally and irrevocably go away? If the feds wrote a check to Boeing for $100 million, would they then let the Ex-Im Bank fade away after the current portfolio winds down?
May 20, 2015, 10:56 AM EDT
Our class warrior in chief was at it again last week complaining about our “ideological divides that have prevented us from making progress” in solving problems like poverty. Just when you thought you’d heard it all.
May 12, 2015, 2:49 PM EDT
The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work.