The President announced his support today for corporate tax reform that reduces the rate to 28 percent by eliminating expenditures in the tax code, deductions, credits and the like. Ostensibly this reduction is a show of goodwill and a step forward. Yet under closer scrutiny, the President’s proposal hypocritically reinforces existing tax expenditures and fails … Continue reading
Category Archives: Politics
How About an Afternoon Tea Party?
CATO Institute recently held a book forum reviewing the newly published “Tea Party Patriots: The Second American Revolution.” Authors Mark Meckler and Jenny Beth Martin explained the origins of the Tea Party and what it does and does not stand for. The discussion also included comments by John Fund, a senior editor at the American … Continue reading
No, CNN, Mexico’s drug strategy is not working…
Last week CNN ran a column by Mariano Castillo entitled “Is Mexico’s’ drug war strategy working?” as part of a continuing series about the ongoing conflict in Mexico. My response to that question would be an emphatic “no, Mexico’s drug war strategy is not working!” Castillo’s article begins by noting that “on paper” the Mexican … Continue reading
The Conundrum of the Smartphone
With smartphones starting as low as $40, it’s hard to remember what life was like before mobile devices dominated our lives. In combination with a data plan, integrating our social and virtual lives is as easy as touching a simple button. While social media apps and ridiculous time wasting games like Fruit Ninja are a … Continue reading
Obama’s Corporate Tax Plan: More Politics than Reform
By Logan Albright Today, President Obama unveiled a plan to cut the corporate tax rate from its current level of 35 percent to 28 percent while eliminating deductions and loopholes with the aim of raising $250 billion of additional revenue over the next ten years. On its face, this sounds like a sensible proposal designed … Continue reading
If you think our political campaigns and elections have become too negative…
I invite you to take a look at the (one-sided) mudslinging that has already begun in Venezuela, less than a week after the Venezuelan opposition held a primary to pick their candidate to compete against incumbent President Hugo Chavez. Henrique Capriles was the clear winner of the primary, capturing more than two-thirds of the more … Continue reading
US Allies Recognizing the Losing Nature of the Current “War on Drugs”
Earlier this week, Guatemala’s newly elected President Otto Perez Molina said that the US’s inability to decrease illegal drug consumption has left Guatemala in a position where it must consider legalizing the use and transport of drugs. He plans to raise the issue of legalization of illicit drugs at an upcoming summit of Central American … Continue reading
President’s budget ignores real reforms, shirks responsibility
Yesterday, the President announced his budget for fiscal year 2013, a plan that, if implemented, would raise taxes and burden younger Americans with a legacy of chronic budget deficits. The budget the President is proposing is a house of cards on a foundation of volatile debt that is quite obviously not “built to last.” During … Continue reading
How the Economy is Affecting the Millennial Generation
Policy issue areas for the college-aged (Millennial) generation: 1. The National Budget 2. Growing National Debt 3. Entitlement Programs 4. Great Recession General Background Information: According to the Bureau of Labor Statistics, Millennials face unemployment rates above 25% and are still searching for the return on educational investments Fully 55% of those ages 18 to … Continue reading
Good grief Greece, what’s next?
Destruction, uncertainty, and change filled the air Monday in Athens between the rioters on the street and lawmakers in parliament. Members of parliament voted 199 in favor, 74 against and 27 abstentions of cutting minimum wage by about 22% and laying off one fifth of civil servants, about 15,000 workers.[1] Trying to obtain a €130 … Continue reading
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