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“#Biden’s tax hikes will hinder economic prosperity he’s promising” When President Joe Biden claims that business taxes will “pay” for his many proposed programs, he demonstrates that he and his White House team have lost the economic thread. Those taxes would impose huge disincentives on the very elements of the economy that Biden needs to…
“#Biden’s ‘infrastructure’ plan is really a massive push to unionize the US workforce” President Joe Biden is traveling to Virginia and Louisiana this week to pitch his American Jobs Plan — also called an “infrastructure” plan. New bridges, safer highways and more broadband are easy sells. But that’s only half the story. This is also a massive…
“#Sorry, but the Biden era will never be a New Deal 2.0” We don’t know what the Biden years will ultimately look like, but one thing is pretty obvious, at least to me: It won’t be a new New Deal, nor will this be the beginning of a new Progressive Era. The New Deal, particularly…
“#Biden has no excuse for his massive spending because the crisis is over” If Joe Biden wanted to spend massively in response to a nearly unprecedented public-health emergency, he was elected too late. The conventional wisdom justifying the president’s new FDR-sized ambitions is that the country is in crisis and he has to meet the…
“#Letters to the Editor — May 1, 2021” The Issue: President Biden’s latest proposed $1.8 trillion “American Families” tax-and-spending package. Almost every dollar in President Biden’s $1.8 trillion spending plan is meant to do one thing: Keep America under the thumb of Big Government (“Dough Biden,” April 29). President Ronald Reagan said it best: What…
“#Biden’s first big speech to Congress bombs on all counts” President Biden’s speech Wednesday night failed on all counts: It didn’t sell his latest spending plan, it didn’t sell his larger agenda — and, worst of all, it didn’t sell him. Start with the utterly bizarre “mask theater.” All the politicians in the room have…
“#Joe Biden’s supersize government threatens economy” About 15 minutes into Joe Biden’s first major speech as president of the United States, I e-mailed my editors at The Post and said, “I think he’s delivering it beautifully. It’s quiet and intimate and intense.” Forty-five minutes later, I sought to comfort myself by thinking of the comedian Mort…
“#Biden plan to double capital-gains taxes will hurt economy to fuel giveaways to Dem special interests” President Joe Biden has already vowed to slam the recovering US economy by hiking taxes on higher earners and raising corporate tax rates. Now comes news he wants to double the capital-gains tax rate — to drop yet more…
“#The $8T (and growing) Biden wants to spend on changing America forever” Eight trillion dollars. That’s how much President Joe Biden has proposed in new spending — in just the 2½ months since taking office. It’s an absurd figure, equal to more than a third of America’s entire yearly economic output. And it’s overwhelmingly meant…
“#Tony Blair splurged wildly, too — and left the UK broke” President Joe Biden wants to juice the US economy with a multitrillion-dollar stimulus program. What could possibly go wrong? For the longer-term answer, try reading up on the economic histories of Zimbabwe, Argentina or Germany’s Weimar Republic. For the short- to medium-term answer, look…