Biden Gang: This Generation’s Smoot-Hawley?

Will history judge today’s national leaders in the same way that it has judged former Senators Reed Smoot and Willis C. Hawley – as well-intentioned but misguided policymakers who helped send the economy further into the ditch? Smoot and Hawley? They sponsored legislation, which President Herbert Hoover […]

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Pawlenty Selling Snake Oil for a Budget Plan

Republican presidential candidate Tim Pawlenty’s budget speech this week was a masterful combination of bluster and sleight-of-hand, one that promised candor while selling snake oil. “I promised to level with the American people,” he says early on, noting that he has called for phasing out ethanol subsidies […]

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GOP’s Destructive ‘No Tax’ Policy

Today’s front-page piece in the Washington Post about the Republican evolution to no-tax absolutism showcases how profoundly unserious, infantile, and destructive the Republican Party has become on fiscal policy. At its most basic level, budgeting is simple. Policymakers must decide what the federal government should do – […]

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Simplify the Tax Code, But Leave 1986 Out of It

Interest is growing in tax policy circles in a new round of tax reform, with many experts hoping the White House and Congress will enact legislation that’s roughly modeled on the landmark Tax Reform Act of 1986. Before moving too far down that path, however, they might […]

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Struggling to Understand the GOP Debt Limit Vote

With regard to tonight’s House vote to raise the federal debt limit, let’s see if I understand this correctly. House Republicans oppose a “clean” debt limit increase – that is, legislation that would do only one thing: raise the limit on allowable federal debt. They insist that […]

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