August 05, 2018 By Mike Solon The NEC Chair Larry Kudlow stated on CBS “Face The Nation” that “Even the CBO numbers show now that the entire $1.5 trillion tax cut is virtually paid for by higher revenues and better nominal GDP.” Jon Greenberg of PolitiFact rated that claim as “False”. ...
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WSJ: Tax Cuts Bust ‘Secular Stagnation’
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,...
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WSJ: Keep Politics Out of the Boardroom
Reforms intended to give a voice to small shareholders have instead let social activists hijack proxy votes. By Phil Gramm and Mike Solon July 18, 2018 6:28 p.m. ET Even in democratic governments constrained by constitutional limits, the interests of the governed and the governors don’t align well. Government is inefficient...
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WSJ: How Income Equality Helped Trump
Working Americans sense that taxes and transfers now leave them little better off than those who work less. By Phil Gramm and Robert B. Ekelund Jr. Frenzied rhetoric about income inequality was a larger theme in Hillary Clinton’s 2016 presidential campaign than in any previous American election. When the ballots were...
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Trump’s Trade Threats Are Hurting Growth
Tariff tensions promote economic uncertainty, which in turn inhibits business investment. By Phil Gramm and Mike Solon Economic uncertainty and prosperity are sworn enemies—when uncertainty reigns, prosperity fades. Uncertainty undermines prosperity by sapping investor and consumer confidence, choking off private investment, and suppressing consumer spending. The depression that followed the 1929...
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