Category Archives: Fiscal Policy

WSJ-The Biden Tax Mirage

Marginal rates have been a lot higher, but the actual share the top 1% pay stays remarkably constant. By Phil Gramm and Mike Solon May 12, 2021 12:39 pm ET With deficits at levels not seen since World War II, the March $1.9 trillion stimulus only beginning to spend out, and President Biden...
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WSJ-Biden Aims at Profit, Hits Workers

The 2017 corporate tax cuts triggered the blue-collar wage boom. Higher rates would reverse it. By Phil Gramm and Mike Solon April 6, 2021 6:18 pm ET The Biden administration has proposed an array of corporate tax increases with a goal of raising some $1.33 trillion over the next 10 years. That’s three...
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WSJ: The Risks of Too Much ‘Stimulus’

Disposable real per capita income rose 5.5% in 2020, the highest rate since 1984, due largely to transfer payments. By Phil Gramm and Mike Solon Feb. 2, 2021 6:17 pm ET Even among economists who strongly support President Biden, a consensus is growing that the economy emerged from last year set for a...
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WSJ: Voters’ Choice: Growth or Stagnation

Before the shutdown, the economy was booming. Credit Trump’s policies, not Obama and Biden’s. By Phil Gramm and Mike Solon July 8, 2020 1:10 pm ET The year began with a recovery that belied every negative cliché about the Trump tax cuts and regulatory reform. Tax cuts demagogued as giveaways to the rich...
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WSJ: The Plot to Politicize Banking

Liberal lawmakers and activists want banks to lend to favored groups and deny the ‘undesirables.’ By Phil Gramm and Michael Solon Jan. 14, 2020 6:59 pm ET To resist President Trump’s campaign of economic reform and deregulation, his critics usually attempt to portray long-overdue, common-sense policies as assaults on the poor....
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WSJ: How to Balance the Budget—Again

A GOP Congress and a Democratic president struck an unlikely deal in 1997. It succeeded. By Michael Solon Aug. 4, 2019 5:48 pm ET The budget deal between the president, the Democratic House and the Republican Senate eliminated the risk of debt default, government shutdown and a spending sequester for...
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