Stephen Moore is co-founder of the Committee to Unleash Prosperity and an economic contributor to FreedomWorks. Author of more than half a dozen books, he previously served as president of the Club for Growth, chief economist of the Heritage Foundation, senior economist of the U.S. Congress Joint Economic Committee, and as a member of the Wall Street Journal editorial board.
House Speaker Nancy Pelosi set Halloween as the deadline for passing multiple reckless budget increases. The latest new framework announced recently by President Biden has a claimed cost of $1.75 trillion ($1.85 trillion when you include $100 billion for “immigration”). That number may sound frightful, but the monster under the mask is ghastlier—the real figure...
New York sailed too close to the wind and now Texas has a tremendous opportunity. In a recent study, we analyzed New York’s latest tax increase—and it is a disaster. The top marginal personal income tax rate in New York City has jumped to over 14.7%, for the highest combined state and local tax rate...
Writing for FiveThirtyEight.com, Amelia Thomson-DeVeaux has a dire warning for Congress if it fails to bail out the states. “Without a lifeline from the federal government,” she writes, “states would have no choice but to start slashing budgets and raising taxes.” Meanwhile, governors like Gavin Newsom of California are threatening to shut down first responders, hospitals, and...