Stephen Moore from Creators Syndicate Creators Syndicate is an international syndication company that represents cartoonists and columnists of the highest caliber. en Sat, 24 Mar 2018 00:07:38 -0700 Stephen Moore from Creators Syndicate 66ec31dc863e5b36c6f055e1d2a6b1d4 Who's Afraid of Mergers? for 03/20/2018 Tue, 20 Mar 2018 00:00:00 -0700 <p>Donald Trump is producing the kind of shoot-the-moon economic recovery that we last saw under Ronald Reagan in the 1980s. He's copied a lot from the Reagan playbook: Deregulate; cut taxes; promote American energy. He should also think about adopting another Reaganite initiative: Let American companies grow, merge, restructure and become more profitable so they can compete on the global stage. </p> <p>In other words, bench the trustbusters. </p> <p>One of Reagan's first and wisest initiatives was to effectively shut down the antitrust division of the Justice Department. Whereas Jimmy Carter had supported anti-merger activity &#8212; the imbecilic case against AT&T was prosecuted under Carter &#8212; Reagan understood the virtues of allowing companies to exploit the synergies of mergers for greater efficiency and lower costs. <p>Updated: Tue Mar 20, 2018</p> d64132f5743eb4bbbebd60667dfd6db7 Understanding the Trump Trade Doctrine for 03/13/2018 Tue, 13 Mar 2018 00:00:00 -0700 <p></p><p>Last week, Donald Trump dialed back his earlier call for a punitive and blanket tariff on imported steel and aluminum. Good decision. The financial markets rallied, as the new plan specifically targets countries that are cheating and stealing, such as China and Russia, and provides exemptions for allies. </p> <p><span class="column--highlighted-text">It was a reminder that, with Trump, it always comes down to the art of the deal. </span><p>Updated: Tue Mar 13, 2018</p> 5e9c257687162c7d064d144bf4ef3d4b An 'America First' Immigration Policy for 03/06/2018 Tue, 06 Mar 2018 00:00:00 -0800 <p></p><p>There are a lot of things right with Donald Trump's immigration vision and a few things that are misguided. It's worth reviewing which is which.</p> <p>I was privileged to learn my immigration economics and history from the very best, Julian Simon. I was a research assistant for his classic book "The Economic Consequences of Immigration into the United States," which, nearly 30 years after publication, remains the best tutorial out there for anyone who wants to understand how immigrants affect our jobs and our pocketbooks.<p>Updated: Tue Mar 06, 2018</p> 29665fe732b012f8604a16b7773220fe How Environmentalists Keep Heating Bills High for 02/27/2018 Tue, 27 Feb 2018 00:00:00 -0800 <p></p><p>This has been a colder-than-usual winter in the Midwest and Northeast, so many Americans are facing high home heating and electric bills. In some areas, these bills can reach $1,000 a month.</p> <p>Liberals, of course, charge that Donald Trump is the culprit. An AP story last week screamed: "Trump Once Again Wants to Cut Energy Assistance to the Poor." Vermont Sen. Bernie Sanders charged that if Trump has his way and eliminates the Low Income Heating Assistance Program, people might "freeze to death."<p>Updated: Tue Feb 27, 2018</p> 422e35286452df186aec2f8e98d0a45f Obama's Real Debt and Deficit Legacy for 02/20/2018 Tue, 20 Feb 2018 00:00:00 -0800 <p></p><p>Congressional Republicans have been raked over the coals in the last two weeks for slamming through budget caps and inflating government spending and debt by another $300 billion. The criticisms are well-deserved. It's a historical truism that Republicans are much more fiscally conscientious when they are in the minority than when they run Congress. And Republicans tend to be much bigger fiscal hawks when there is a Democratic president than a Republican president &#8212; as we are now witnessing.</p> <p>The only time in half a century that the budget has been balanced was in the late 1990s, when Bill Clinton was president and the Republicans ran Congress. It was a good combination. We ran four straight budget surpluses from 1998 to 2001, and government spending dropped gloriously, from about 20 percent of GDP to 17.6 percent. No wonder the economy boomed in those years. Government was less of a drag.<p>Updated: Tue Feb 20, 2018</p> 609e9b7225483ad613e0620f8de6cc2f Let's Make America a Mineral Superpower for 02/13/2018 Tue, 13 Feb 2018 00:00:00 -0800 <p></p><p>Why is the United States reliant on China and Russia for strategic minerals when we have more of these valuable resources than both these nations combined? </p> <p>This has nothing to do with geological impediments. It is all politics. <p>Updated: Tue Feb 13, 2018</p> 72155f8478d831dc0d5fb78c78b91148 Are Liberals Rooting Against America? for 02/06/2018 Tue, 06 Feb 2018 00:00:00 -0800 <p></p><p>The unseemly sight of nearly the entire Democratic congressional delegation sitting on their hands and clinging to their chairs throughout Donald Trump's State of the Union speech is further evidence that they want America to fail on Trump's watch. </p> <p>Hundreds of American companies are bringing jobs to America and paying American workers bonuses: Democrats sat stone-faced. The lowest black unemployment rate in 40 years: Democrats smirked. We are defeating ISIS in the Middle East: Ho-hum. <p>Updated: Tue Feb 06, 2018</p> 54d11af95044b2ba07d5eb93ae0390b0 Make Trump Tax Cuts Permanent -- Now for 01/30/2018 Tue, 30 Jan 2018 00:00:00 -0800 <p></p><p>We're just one month into the new tax bill, and only those wearing left-wing ideological blinders &#8212; which, unfortunately, is still the case for millions of anti-Trumpers &#8212; can deny that Donald Trump's tax cuts are helping just about everyone. The avalanche of news stories of bonuses, pay raises, fringe benefit payments, job openings and factories relocating to the United States piles up with each passing week. As many as 3 million Americans have received such pay boosts. </p> <p>And the vast majority of people haven't even yet gotten their tax cut dividends, which will be delivered in the form of higher take-home paychecks. <p>Updated: Tue Jan 30, 2018</p> 7432b2c326bfe901dbb82dd439530a76 Get Ready for a Congressional Budget Blowout for 01/23/2018 Tue, 23 Jan 2018 00:00:00 -0800 <p></p><p>No one is paying much attention, but Congress is preparing a two-year budget that would blow past bipartisan spending caps to the tune of $216 billion through 2019.</p> <p>That might be a best-case scenario. The budget watchers at FreedomWorks estimate that when hurricane disaster relief, funding for the border wall, added Obamacare money for the bankrupt insurance markets, and other last-minute spending "emergencies" are thrown in the mix, the two-year spending blitz could exceed $300 billion.<p>Updated: Tue Jan 23, 2018</p> f7e717e9a7ae12caf156b1cbcad4a7e5 Trump Tax Cut Is Already Working for 01/16/2018 Tue, 16 Jan 2018 00:00:00 -0800 <p></p><p>With the recent announcement of Walmart's increasing starting wages and Fiat Chrysler's opening a new plant (with 2,500 jobs) in Michigan, there are now more than a hundred companies that have offered bonuses and benefit hikes to their workers due to the tax cut. An estimated 1 million workers have benefited. This after less than one month. </p> <p>Liberals disparage all of this as a "publicity stunt." To hundreds of thousands of families, this is a wonderful stunt, and let's hope to see a lot more examples of it in the weeks and months ahead. <p>Updated: Tue Jan 16, 2018</p> 1f9a3e5bfeb7b1a942e65041b729902e Who Are You Calling a Moron? for 01/09/2018 Tue, 09 Jan 2018 00:00:00 -0800 <p></p><p>I remember when I was in fifth grade and kept losing tennis matches to a kid I despised. After one match I slammed down my racket and fumed to my mother that my nemesis was a really terrible tennis player. She brought me back down to earth by placing her hands on my shoulders, looking me in the eyes and saying: "How bad can he be, if he keeps beating you?" </p> <p>Which brings me to the trash talking from the media and others on the intellectual left about Donald Trump in the wake of Michael Wolff's new anti-Trump screed, "Fire and Fury." The talking heads are now out in full force, once again thrashing Trump as a moron, a dangerous fool who is intellectually and temperamentally "unfit for office" and even "mentally ill." This is what they have been saying since the day Trump announced he was running for president. <p>Updated: Tue Jan 09, 2018</p> d400b57c6f6440729a2133297adb517f 1 Year in Office: Trump Keeps Defying His Critics for 01/02/2018 Tue, 02 Jan 2018 00:00:00 -0800 <p></p><p>Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans &#8212; which is very good news for the 55 million Americans with 401(k) plans, the 25 million or so who have IRAs, and another 20 million with company pension plans and employee stock ownership plans. </p> <p>The left was certain exactly the opposite would happen with a Trump presidency. To borrow a recent phrase from House Minority Leader Nancy Pelosi, President Trump's policies would cause "Armageddon" for family finances, the American economy and the stock market.<p>Updated: Tue Jan 02, 2018</p> 3557ac08f9f6e115a7002f01eb4c0630 Trump Tax Cut an Ode to the Laffer Curve for 12/26/2017 Tue, 26 Dec 2017 00:00:00 -0800 <p></p><p>The unsung hero of the GOP Christmas gift of a tax cut is Arthur Laffer &#8212; the Reagan economist who helped devise the Gipper's tax reductions. Those tax cuts rebuilt the U.S. economy in the 1980s and pulled us out of the mini-depression of high inflation and unemployment in the late 1970s. </p> <p>Some 30 years later, Laffer has struck again. House Speaker Paul Ryan tells me that there "were very few economists who had a bigger impact on this tax bill than Laffer. Believe, me our (Republican) members listen to him." Rep. Mark Meadows, the chairman of the Freedom Caucus, adds, "Laffer is one of our go-to guys on understanding the economy."<p>Updated: Tue Dec 26, 2017</p> 60528b91ce8fa05016eb9b7a070a7b08 What John F. Kennedy and Donald Trump Have in Common for 12/19/2017 Tue, 19 Dec 2017 00:00:00 -0800 <p></p><p>Last week during an address at the White House, President Donald Trump likened his tax plan to the tax cut that John F. Kennedy proposed 55 years ago. This elicited some howls of protest from Trump's liberal critics, who say it's historically inaccurate to compare the Trump plan to JFK's.</p> <p>Is it? In 1963 Kennedy proposed a tax cut that slashed business and individual tax rates by about 30 percent. It's true that tax rates were a lot higher then (90 percent in some cases) than now. But the philosophy was the same: Lower taxes will get businesses, investors and consumers going again and jump-start a lackluster economy.<p>Updated: Tue Dec 19, 2017</p> 275779def6b6b3d68ba01760e34f27c5 4 Ways to Improve the Tax Bill for 12/12/2017 Tue, 12 Dec 2017 00:00:00 -0800 <p></p><p>The Senate-passed tax bill is a policy triumph that will provide a shot of performance-enhancing drugs to the veins of the economy. <span class="column--highlighted-text">It's not perfect, but with the combined effect of cutting business tax rates, eliminating the state and local tax deduction and repealing the Obamacare individual mandate tax, we are at the precipice of the biggest conservative policy victory since the Reagan years. </span></p> <p>If Republicans were wise, the House would vote immediately to approve the Senate bill and get it to President Donald Trump's desk for signing before anything can go wrong. (Think Obamacare repeal fiasco.) <p>Updated: Tue Dec 12, 2017</p> d0496f5d5f64749010167d29a2465d77 Tax Plan Is a Cut for Everyone for 12/05/2017 Tue, 05 Dec 2017 00:00:00 -0800 <p></p><p>Whenever I'm asked if the Trump tax cut is for the rich, I say yes. It is a tax cut for the rich. It is a tax cut for the middle class. It is a tax cut for small businesses. It is a tax cut for the Fortune 100. If you pay federal income taxes, you will, in almost all cases, be getting more take-home pay come Jan. 1.</p> <p>One of the ironies of the left's "these are tax cuts for the rich" mantra is that many upper-income people I know in states such as California, New Jersey and New York complain to me they are getting a sizable tax increase. The lower income-tax rates don't compensate for the loss of the state and local tax deductions.<p>Updated: Tue Dec 05, 2017</p> 279799ef58144bf6681532895accde4a How the GOP Tax Plan Can Help Small Businesses More for 11/28/2017 Tue, 28 Nov 2017 00:00:00 -0800 <p></p><p>Wisconsin Sen. Ron Johnson has caused a bit of a hullabaloo by complaining that small businesses don't get the benefits that corporations do in the GOP tax plan. <span class="column--highlighted-text">Johnson has credibility here because he is one of those rare breeds in Congress who actually knows something about running a business, having done so for nearly 30 years. </span></p> <p>Sen. Johnson's beef with the House plan is that the effective tax rate on a successful small business would be almost 36 percent (as opposed to 39.6 percent today), compared with the new 20 percent rate for a corporation, such as General Electric Co. or Boeing.<p>Updated: Tue Nov 28, 2017</p> 67b417b84b2f50e10d9fd0b9aaa5cfd8 The Stupid Party Gets Smart for 11/21/2017 Tue, 21 Nov 2017 00:00:00 -0800 <p></p><p>Republicans have long been known as "the stupid party." They do stupid things, such as waiting until mid-November to push a must-pass tax cut that should have been done by April. </p> <p>But in recent weeks the GOP is finally showing some brains and some backbone on taxes. They are using their majorities in Congress to roll back and roll over the left, and it's about time. In a more rational world, tax reform could have been bipartisan. But once Democrats declared they would be unified obstructionists on tax reform, there was no reason to throw a bone to the "resistance movement." Playing nice with Chuck Schumer won't buy any votes, so why bother?<p>Updated: Tue Nov 21, 2017</p> 0c7a677e10fb16179b1a6e787685ccb2 Hey, Republican Big Spenders: Keep the Spending Caps for 11/14/2017 Tue, 14 Nov 2017 00:00:00 -0800 <p></p><p>Why would a Republican House, a Republican Senate and a Republican president repeal the best weapon against runaway federal spending in 30 years? </p> <p>That may happen later this year if Congress doesn't extend the Budget Control Act of 2011, which includes spending caps and sequester spending cuts if those caps are violated. The BCA has been one of the most successful anti-spending policies of modern times, and it helped bring the spending blitz during Barack Obama's first two years in office to a screeching halt. <p>Updated: Tue Nov 14, 2017</p> b9cdfc428888f98ca00a8948340ff232 Why the Left Has Been so Wrong About the Trump Boom for 11/07/2017 Tue, 07 Nov 2017 00:00:00 -0800 <p></p><p>Time magazine's cover story for the week of Nov. 6 is a classic. It blares: "The Wrecking Crew: How Trump's Cabinet Is Dismantling Government As We Know It." The New York Times ran a lead editorial complaining that team Trump is shrinking the regulatory state at an "unprecedented" pace. </p> <p>Meanwhile, last week the stock market raced to new all-time highs; we had another blockbuster jobs report with another fall in the unemployment rate; and housing sales soared to their highest level in a decade. <p>Updated: Tue Nov 07, 2017</p>