Budget and Deficit

Tax competition is good for economies, just like other forms of competition; and the new tax reform law has made U.S. corporate tax rates competitive again.

Merrill Matthews at the Institute for Policy Innovation tells KTRH it's not so farfetched; that it might 'grease the skids' for deals to get done.

President Trump made a lot of progress in 2017—a lot more than many expected. Now the question is whether his second year can top his first. 

So the corporate tax rate in the conference committee bill is 21 percent, not 20 percent. That’s okay, we’ll get over it!

The “crowd-out effect” of CHIP would be an important lesson to remember as Congress tackles welfare reform next year.

The economy used to frequently meet or exceed 4 percent GDP, before big tax, spend and regulate policies became the norm. Tax reform might take us back to the future.

Democrats are raising concerns that tax reform could add to federal debt, but only after their eight-year spending binge that nearly doubled that debt.

Obamacare is the policy equivalent of the Titanic, taking on water and sinking fast. The Alexander-Murray bill is simply a bailout effort, and some Republicans are looking for a pail. 

Faster economic growth is on the table, if only Republicans can keep their eyes on the prize.

President Trump put an Obamacare constitutional problem on hold hoping Republicans would fix it. They didn’t, and it’s time to return to the Constitution.