In his recent National Review Online article on the federal government’s deficit spending, Rich Lowry wrote, “The same way overzealous Republicans once argued that tax cuts paid for themselves, Obama Democrats argue that deficit spending pays for itself.” Lowry’s statement is problematic on several levels. For one, it essentially equates tax cutting and deficit spending,…
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Property Rights Still at Risk
Four years have passed since the U.S. Supreme Court’s infamous Kelo decision, which essentially changed private property ownership from a fundamental civil right to a privilege granted by the state at its sole discretion. Texas has failed to adequately respond to this decision. The first attempt in 2005 missed the mark. In 2007, the Legislature…
Texas New Energy Taxes
A recent study estimated that proposed federal legislation aimed at decreasing greenhouse gas emissions would increase Texans electricity bills by a minimum of $10 billion. Meanwhile, the Obama administration announced new fuel standards that could cost American car buyers $19 billion a year when fully implemented. Not content with these new energy taxes on Texas…
Welcome to Texas
Dear Mr. Limbaugh: I noted your evident frustration recently with the high tax policies of New York that subject you to a punitive income tax rate anytime you step foot in the state to perform your show. I was delighted that you expressed an interest in making Texas the home of your alternate studio whenever…
Times are Tough, but They Could Be Worse
A recent article about the current economic meltdown on Mises.org opened with the claim, “Far from being prosperous, our America is now being buffeted by the worst financial tsunami in generations.” The folks at Mises don’t usually travel along with the mainstream media, but in this case they did. Sensational claims that things haven’t been…