Category: Economics & Tax Policy

The Real Cause and Lessons of the IRS Scandal

During Friday morning’s House Ways and Means Committee hearing on the IRS targeting scandal, Liberal Congressman Jim McDermott (D-WA) at least had the honesty to say “I don’t like the right.” Each committee member had his own axe to grind. McDermott’s… more »

Delaware's Unclaimed Property Racket: John Gotti would be proud

Who would have guessed that the State of Delaware's third largest revenue source would essentially be a mafia-like combination of extortion and theft? That's certainly how it sounds when you read Douglas Lindholm's article in Forbes magazine entitled "… more »

The Taxman Cometh (For Tea Partiers)

 On Friday, senior IRS official Lois Lerner offered an apology of sorts after non-profit organizations which were applying for tax-exempt status were targeted for IRS audit if the groups’ names included “Tea Party” or “patriots.” Lerner said she had lea… more »

Obama attacks IRAs

How much would you need to be able to retire comfortably? If you’re not sure of the answer, don’t worry: the Obama administration will answer for you. President Obama’s FY 20414 budget will be released on Wednesday — two months later than the legal dea… more »

Stocks Support Sequester

Judging from the stock market, Republicans should keep doing exactly what they’re doing when it comes to the sequester. Well, almost exactly: it would be better if they didn’t implicitly buy into any of the Obama administration’s sky-is-falling rhetoric… more »

Mike Coffman Gets It

As a Republican member of Congress whose mixed-in-every-way Colorado district includes Aurora, suburbs of Denver, and a large Air Force Base, Mike Coffman has long argued that the nation must make cuts in the Defense Department budget. This week, Coffm… more »

Alan Simpson on the Ross Kaminsky Show (Sunday, 12/9)

On Sunday, at 1:05 PM Mountain Time (3:05 PM Eastern), my guest on The Ross Kaminsky Show will be former Senator Alan Simpson (WY), recently of Simpson-Bowles Commission fame. In recent days, Senator Simpson has seen a YouTube video of his current proj… more »

Boehner Punishes the Principled

A friend e-mailed me some months ago to suggest that I contribute money to a particular congressman's campaign. My friend is a Democrat of some national prominence, and I responded to him, "You know I never give money to Democrats." He said, "No, this… more »

Pied Pipers of Poverty

If someone writing for Black Agenda Radio says that Newark (NJ) Mayor Cory Booker is "worse" than Barack Obama, in part because Booker has "railed against wealth distribution" and "is ideologically committed to the privatization of public education and… more »

I, Pencil

The Competitive Enterprise Institute (CEI) has put together a great video entitled "I, Pencil", after the short allegorical story of the same name by Leonard Read. It's an excellent, non-academic, explanation of the complexity behind things we perceive… more »
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