The 25th president used reciprocity to press for an expansion of trade. The 47th is going backward. By Phil Gramm and Donald J. Boudreaux March 13, 2025 12:37 pm ET Equities markets roared in anticipation of the deregulation, tax cuts and fiscal restraint the second Trump administration promised. But the tariff...

‘Bracket creep’ is gone—unless you’re on Social Security, have capital gains or pay state taxes. By Michael Solon Feb. 26, 2025 5:08 pm ET As the debate heats up about whether and how to extend the 2017 tax cuts, the jury is out on a key question: Did the cuts generate...

Economic growth depends on deregulation, tax cuts and the budget deficit, not on the balance of trade. By Phil Gramm and Donald J. Boudreaux Feb. 20, 2025 5:05 pm ET It seems to be a matter of faith among protectionists that trade deficits make the U.S. an economic loser. President Trump...

Like our predecessors in 1930, we oppose the use of tariffs as a general tool for economic policy. By Phil Gramm and Larry Summers Jan. 30, 2025 1:55 pm ET In an extraordinary act of unity, 1,028 American professional economists in the spring of 1930 signed a letter urging Congress to reject and...

Johnson can keep the GOP united by proposing a bill ending every Democrat-supported malady at once. By Michael Solon Jan. 23, 2025 2:39 pm ET Now that Mike Johnson has been narrowly re-elected speaker, House Republicans are focused on using the reconciliation process to extend President Trump’s 2017 tax cuts and control the...