At NRO, Larry Kudlow reports Mitt Romney will propose a bolder tax cut plan.
On The Kudlow Report, Glenn Hubbard discusses the Romney tax plan, including “cutting the corporate tax to 25%; eliminating the added tax burden on firms to bring overseas profits home; eliminating the corporate AMT and making the R&D credit permanent. On the individual side, a 20% cut across the board in marginal tax rates; eliminate the alternative minimum tax as well.”
At NRO, Doug Holtz-Eakin finds problems with the President’s proposal to cut the corporate tax rates.
From Forbes, Brian Domitrovic notes the rosy economic growth assumptions underlying the President’s budget.
The WSJcritiques the President’s plan to triple the tax on dividends.
In The WSJ, Benn Steil notes the Fed’s poor record of forecasting inflation.
From Alhambra Partners, Joe Calhoun worries inflation will undermine the recovery.
At First Trust, Brian Wesbury suggests stocks are still cheap.
From Newt.org, Newt Gingrich provides an interesting analysis of the US energy potential, but omits the dollar from his analysis:
On NRO, Reihan Salam examines declining labor force participation.
At The NY Sun, Ira Stoll reviews Allan Meltzer’s new book defending capitalism.
In The WSJ, Austan Goolsbee notes some of America’s uncounted trade surplus items.
At RCM, John Tamny rebuts the President’s claims on green energy subsidies.
On Forbes, Charles Kadlec suggests higher tax rates on the wealthy will do little but spread the misery.
From The Weekly Standard, Larry Lindsey argues cash flow problems are stymieing the economy and the Great Depression was improved by FDR’s decision to devalue the dollar.
At RCM, McCain economist Doug Holtz-Eakin advocates tax reform rather than tariffs to better compete with China.
From last week, The WSJpraises House Speaker John Boehner (OH) for refusing to pass China tariff legislation.
On Kudlow, a panel discusses the Republican primary:
In The Washington Times, Richard Rahn explains the futility of punishing banks for responding to regulatory restrictions.
From The Washington Post, Hernand de Soto notes that “over the past 15 years… as they package, bundle and resell securities, Americans and Europeans have gradually undermined the reliability of the records that guarantee or make credit trustworthy.”
On COAL, Paul Krugman expresses concern that some Occupy Wall Streeters have taken up sound money, but helpfully rebuts opposition to fractional reserve banking.
In The American Spectator, Lew Lehrman suggests the choice of monetary policy is between Robert Mundell’s idea for an exchange rate peg between the dollar and euro versus the gold standard.
From Asia Times, David Goldman predicts slow growth but sees no reason to panic.
At The American Spectator, Peter Ferrara sees the US falling into depression if the Bush tax rates lapse after 2012.
On The Kudlow Report, Tamar Jacoby debates the economics of immigration:
In The WSJ, Dan Henninger notes the President’s political weakness on the economy and the strength of Tim Pawlenty’s pro-growth message.
At The NYT, Matt Bai suggests the President’s reelection message, don’t change horses in midstream, is a loser.
On Future of Capitalism, Ira Stoll reports McCain economist Doug Holtz-Eakin saying 5% annual growth rates are impossible.
On Kudlow, guests discuss possible deflationary pressures in China:
At the liberal Mother Jones, Kevin Drum suggests the Left could like supply-side economics if it raised revenues as fast as advertised.
On Think Progress, Matt Yglesias takes up Drum’s point but argues the Left won’t support tax cuts due to inequality concerns.
In The NYT, Jackie Calmes reports the flagging economy is leading Democrats to push for additional spending stimulus despite high deficits.
At TNR, Jonathan Chait notes the President’s consideration of a payroll tax cut.
The NY Sunreports on two extraordinary NYC debates on gold and the gold standard, including one attended by almost 1,000 people.
In Forbes, Nathan Lewis explains that a gold standard doesn’t require a 100% gold reserves.
Euronews reports on a Kazakhstan conference that featured Judy Shelton and Robert Mundell:
What is needed most is global financial stability. Many worry that the dollar-centred monetary system is sick, leaving some to present radical proposals. Judy Shelton from Atlas Economic Research Foundation, a US think tank is one of these people: “We can’t have a sound monetary policy until we have sound finances. I hope the future is to restore soundness to the dollar and even possibly link it to gold, which even though that is discussed as somewhat of an extreme measure, it’s fairly radical. But you’re getting a strong movement in the United States, and I think around the world. There is plenty of interest in gold as a possible unit of account and maybe the basis of a modern global gold standard.”
After a decade of dollar decline, The Washington Postreports monetary authorities may not be serious about their strong dollar policy.
At NRO, Larry Kudlow doesn’t see a clear growth message from the GOP presidential candidates.
From Forbes, Peter Ferrara notes the performance differences between Reaganomics and Obamanomics.
The NYTreports congressional Republicans backing down on their bid to reform Medicare.
In The Telegraph (UK), Andrew Lilico explains the Federal Reserve’s role in triggering revolts the Arab spring revolutions:
On NRO, Douglas Holtz-Eakin opposes raising taxes on the wealthy.
At The Washington Post, Jennifer Rubin suggests the U.S. can’t tax the wealthy much more.
Cato’s Alan Reynolds explains that fewer people pay more of the taxes.
On The WSJ, Stephen Moore notes wealthy advocates of higher tax rates don’t voluntarily pay more.
In Forbes, Reuven Brenner assesses different methods of taxation.
In The WSJ, Fed Governor Kevin Warsh promotes a long-term growth agenda:
Policy makers should take notice of the critical importance of the supply side of the economy. The supply side establishes the economy's productive capacity. Recovery after a recession demands that capital and labor be reallocated. But the reallocation of these resources to new sectors and companies has been painfully slow and unnecessarily interrupted. We are feeling the ill effects.
Fiscal authorities should resist the temptation to increase government expenditures continually in order to compensate for shortfalls of private consumption and investment. A strict economic diet of fiscal austerity has greater appeal, a kind of penance owed for the excesses of the past. But root-canal economics also does not constitute optimal economic policy.
The U.S. would be better off with a third way: pro-growth economic policy. The U.S. and world economies urgently need stronger growth, and the adoption of pro-growth economic policies would strengthen incentives to invest in capital and labor over the horizon, paving the way for robust job-creation and higher living standards.
In City Journal, economist Douglas Holtz-Eakin promotes tax reform as key to restoring economic growth.
The WSJ editorial page supports Washington state’s resounding rejection of higher taxes on the rich:
So what's the matter with Washington? Clearly, its middle-class residents understand an economic reality that eludes Mr. Gates and many other already-rich advocates of higher taxes: The absence of an income tax has been Washington's greatest comparative advantage over its high-income tax neighbors in California and Oregon. Texas Governor Rick Perry even sent a letter to Washington state's biggest employers, inviting them to move to no-income-tax Texas.
The larger message, which also eludes the nation's leading proponent of soak-the-rich tax ideas—the fellow in the Oval Office—is that the average person simply doesn't believe that the taxers will stop with the wealthy. To protect both themselves and the greater economy outside their windows, voters prefer a tax system whose rates aren't rising—on anyone.
Also on Kudlow, Art Laffer sounds optimistic in response to the President’s tax cut move:
Business Weekreports emerging economies may be flooded with hot money due to Fed easing.
At NRO, Nobel laureate Gary Becker analyzes the roots of the financial crisis.
On Forbes, John Tamny critiques the NFL’s economic policies.
