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  • Commentary posted December 19, 2014 by Stephen Moore Special interest pleading via the tax code is government at its worst

    The latest disgrace out of Capitol Hill in this lame-duck session is the “tax extenders” bill. This has become an annual Washington ritual with Congress waiting until the very last minute to approve dozens of expiring tax credits, deductions and loopholes. It is a microcosm of everything wrong with the way Congress operates. The “extenders” bill crams into one bill a…

  • Commentary posted December 19, 2014 by Stephen Moore The great Lima climate change shakedown

    The global warming brigades from around the world gathered last week at a United Nations climate change conference in Lima to save the planet. The nations from across the planet were supposed to link hands and all would agree to slash their green house gas emissions. Instead the conference was a complete dud. That might be putting it charitably. The BBC described the…

  • Commentary posted December 11, 2014 by Stephen Moore The United States of Debt

    Sorry, but this one you can’t blame on either party. Yes, President Obama has made the problem much, much worse, but the scary truth is that the national debt keeps rising inexorably no matter who or which party is in office. That’s the new law of American politics. When I first arrived in Washington in the early 1980s, the debt was roughly $2 trillion. This week, 30…

  • Commentary posted December 2, 2014 by Stephen Moore EPA’s Goofy Green-Energy Rules

    If you think President Obama’s unilateral exercise of executive powers granting near-blanket amnesty to illegal immigrants was an abuse of power, get a load of what this administration is doing over at the Environmental Protection Agency. The EPA’s proposed Clean Power Plan regulations are the most expansive and economically disruptive rules in four decades from an agency…

  • Commentary posted November 26, 2014 by Stephen Moore Fourteen Things I'm Thankful for in 2014

    Every poll of recent months shows Americans in a foul mood when it comes to the economy, their personal finances and the general direction of the nation. Most Americans think the great American Dream -- the idea that our children will achieve a standard of living higher than our own -- is dead. Others say that the environment is on a crash course with planetary…

  • Commentary posted November 25, 2014 by Stephen Moore America's $12 Trillion House of Cards

    What is the price tag for the audacious Obamanomics experiment? How much has it all cost – the bailouts, the debt, the stimulus plans, the printing of cheap money, Obamacare and all the rest? The answer to that question is just shy of $12 trillion. That’s the sum of the $8.3 trillion added to the national debt since Sept. 15, 2008 (the day Lehman Brothers filed…

  • Commentary posted November 18, 2014 by Stephen Moore Midterm Message: Voters Want Tax Reform

    The midterm elections were a resounding mandate for tax reform. Across the country, in state races for governor and in federal races for Congress, voters sent a message they want lower taxes and a simplified tax code. Consider what happened in Kansas. Democrats had vowed that voters would hang tax-cutting Kansas Gov. Sam Brownback in effigy. He chopped tax rates and…

  • Commentary posted November 18, 2014 by Stephen Moore Climate Change Self-Delusion

    That sound you’re hearing from across the Pacific is the Chinese rulers and Beijing laughing at us. President Obama and the “green” lobby actually think China is going to honor the new U.S.-China climate-change agreement that pushes both nations to reduce greenhouse-gas emissions over the next 15 years. China agreed to a “target” of deriving 20 percent of its energy…

  • Commentary posted November 18, 2014 by Stephen Moore Can’t We All Get Along?

    At a recent small dinner at the end of the fabulous Freedomfest gathering at the Paris Hotel in Las Vegas, major supply siders, libertarians, Tea Partiers, and traditional conservatives gathered to discuss strategies to regain political power in Washington. The libertarian faction fumed with the familiar complaint that the GOP will only win back young and female voters in…

  • Backgrounder posted November 18, 2014 by Stephen Moore, Joel Griffith The Trans-Alaska Pipeline: Lessons for the Keystone XL Pipeline Debate

    Citing various environmental and economic objections, in April, the Obama Administration again delayed construction of the Keystone XL Pipeline, this time until at least early 2015. Before the latest in a six-year string of delays, the President emphasized “how Keystone impacted greenhouse gas emissions would affect our decision,” lamenting “we’re already seeing severe…

  • Commentary posted November 10, 2014 by Stephen Moore The Tax-Cut Referendums

    For months on end, Democrats crowed that voters were going to toss Kansas Gov. Sam Brownback and his tax-cutting agenda out of office on Tuesday. He was pounded in the media for the evident sin of following the Laffer-Moore model of income-tax rate reductions to stimulate growth and prosperity. This reform was denounced as a failure and “trickle-down economics.” Voters…

  • Commentary posted November 10, 2014 by Stephen Moore The Tax-Cut Referendums

    For months on end, Democrats crowed that voters were going to toss Kansas Gov. Sam Brownback and his tax-cutting agenda out of office. He was pounded in the media for the evident sin of following the Laffer-Moore model of income-tax rate reductions to stimulate growth and prosperity. This reform was denounced as a failure and “trickle-down economics.” Voters don’t want…

  • Commentary posted November 10, 2014 by Stephen Moore Will We Get A Republican Bull Market Now?

    It was exactly 20 years ago, in November 1994, that Republicans under the maverick leadership of Newt Gingrich and his Contract with America took over the House of Representatives for the first time in nearly half a century. What may not be remembered is that the GOP sweep continued what became the longest and strongest stock market expansion in American history.…

  • Commentary posted November 10, 2014 by Stephen Moore October Jobs Numbers: If Things are so Good, Why do we Feel so Bad?

    First, the good news. The economy is unmistakably regaining some of its mojo. We picked up another 214,000 jobs in October according to the Labor Department, and with revisions from previous months the number was closer to 250,000. Now THAT’S more like it. The stock market is on a raging bull ride too. We keep adding wealth - at least on paper. That's good for retirement…

  • Commentary posted November 4, 2014 by Stephen Moore Marriage, the Surest Economic Stimulus

    This may be a surprising statement from a bleary-eyed, number-crunching economist, but the best anti-poverty program in America may not be tax cuts, debt reduction or regulatory relief, but rather that old-fashioned institution called marriage. It turns out that poverty rates are very low among intact families and prevalent among homes without a father. Children who grow…