Category Archives: Fiscal Policy

WSJ: Tax Reform Unleashed the U.S. Economy

Posted in: Fiscal Policy | March 6, 2019 at 11:24 am , by mariel

The surge in private investment has brought big returns for households as well as the government. By Phil Gramm and Michael Solon March 4, 2019 6:07 p.m. ET For a midterm report card on the economy under President Trump, take a look at two recent government reports. The Commerce Department reported...

WSJ: The Fed’s Obama-Era Hangover

Posted in: Fiscal Policy | January 7, 2019 at 9:52 am , by mariel

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By paying banks not to lend, the central bank diminished its ability to control interest rates. By Phil Gramm and Thomas R. Saving Jan. 1, 2019 3:26 p.m. ET As the Trump economic revival doubled economic-growth rates over the last two years, interest rates, which had fallen in the final two...

WSJ: Government Can’t Rescue the Poor

Posted in: Fiscal Policy | October 15, 2018 at 11:01 am , by mariel

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Federal programs have reduced material poverty at the cost of promoting idleness and dependency. By Phil Gramm and John F. Early Oct. 10, 2018 6:37 p.m. ET ‘The War on Poverty is not a struggle simply to support people,” declared President Lyndon B. Johnson in 1964. “It is an effort to...

WSJ: The Myth of American Inequality

Posted in: Fiscal Policy, Tax Policy | August 9, 2018 at 11:17 am , by mariel

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Taxes and transfers in the U.S. put its income distribution in line with its large developed peers. By Phil Gramm and John F. Early Aug. 9, 2018 6:51 p.m. ET America is the world’s most prosperous large country, but critics often attempt to tarnish that title by claiming income is distributed...

WSJ: Tax Cuts Bust ‘Secular Stagnation’

Posted in: Fiscal Policy | July 30, 2018 at 12:07 pm , by mariel

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Progressive economists said growth was gone for good. Then Trump changed policy. By Mike Solon July 29, 2018 2:47 p.m. ET Are low taxes key to a booming economy? Their success is harder than ever to deny after Friday’s report that the U.S. economy grew 4.1% in the second quarter,...

WSJ: A Booming Economy Will Challenge the Fed

Posted in: Fiscal Policy, Monetary Policy | December 14, 2017 at 11:21 am , by mariel

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Normal growth will drive up the demand for bank loans and induce lending of excess reserves. By Phil Gramm and Thomas R. Saving Dec. 13, 2017 6:37 p.m. ET The asset base of the world’s financial institutions crumbled in the fall of 2008 as mortgage-backed securities collapsed and credit markets froze....

Fox Business Network-Tax reform underway amid buzz that top rate could be lowered again

Posted in: Fiscal Policy, Tax Policy | December 13, 2017 at 5:42 pm , by mariel

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Dec. 13, 2017 – 4:57 – Former Sen. Phil Gramm (R-Texas) explains what provisions he’d like to see in Republicans’ tax reform plan, which could be on President Trump’s desk as soon as next week. You can watch the clip here....

WSJ-The GOP’s ‘Tax the Rich’ Temptation

Posted in: Fiscal Policy, Tax Policy | October 9, 2017 at 10:08 am , by mariel

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The top 10% of earners already pay 71% of federal income taxes—highest in the developed world. By Phil Gramm Oct. 8, 2017 2:35 p.m. ET Given that the top 10% of income earners in America pay more than 71% of federal income taxes and do most of the saving, investing...

Fox Business: Trump tax plan will pass both houses: Fmr. Sen. Phil Gramm

Posted in: Financial Services, Fiscal Policy, Tax Policy | October 2, 2017 at 11:53 am , by mariel

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Sep. 29, 2017 – 8:53 – Former Texas Sen. Phil Gramm (R) on why he thinks President Trump’s tax reform plan will pass both houses of Congress. You can watch the video here....

WH says corporate tax rate proposal is non-negotiable

Posted in: Financial Services, Fiscal Policy, Tax Policy | October 1, 2017 at 12:52 pm , by mariel

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Sep. 30, 2017 – 7:32 – Former Senate Banking Committee Chair Phil Gramm reacts to plan’s reduction from 35 percent to 20 percent. You can watch the video here....