Tag Archives: Tax

Hugh Hewitt: The Lessons of Impeachment

With “The impeachment pageant” largely behind us, get ready for the flood of “What did we learn?” essays.

But there are no “lessons” here other than the abuse of power by members of a partisan majority in the House to raise profiles and profits for themselves. This chapter leaves a constitutional scar. This behavior is not what impeachment was intended for. President Trump’s phone call did not include any offense, much less any impeachable one.

We won’t know for 50 years what impeachment does to Trump’s place in history.

My guess? Not much, given his outsize personality and growing list of achievements, including:

• rebuilding of the U.S. military
• appointments of—so far—two Supreme Court justices and a growing list of appeals court and district court judges
• a massive tax cut
• a very strong economy
• 3.5 percent unemployment

And I could go on.

All that remains are ashes of the left’s hopes and a scar on the Constitution.

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Jerry Bowyer: Economic Numbers Look Solid

Despite the ever-present media hysteria, it’s become clear that on the issue that really matters, Trump finished 2019 strong. I’m speaking, of course, about the economy. 2019 started with some economic turmoil and uncertainty. The trade war with China created a stock market whiplash and business anxiety.

But the data shows things have finally turned around. Economic confidence has been rising for months. 52 percent of investors approve of Trump’s handling of the economy, compared to just 32 percent who do not approve.

It’s no wonder that stocks have been hitting record highs. After the tax reform bill, the fundamentals of the economy were strong, and market performance reflected that.

That is, until the trade war killed Trump’s would-be boom in the cradle. Now that Trump is again on solid footing, he could be well on his way to victory in 2020 … as long as he steers clear of another trade war.

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Jerry Bowyer: Beto Makes the Case for State Suppression of Religion

On CNN last week there was a deeply disturbing exchange between Democratic candidate Beto O’Rourke and Don Lemon, who asked:

“Do you think religious institutions—like colleges, churches, charities—should they lose their tax-exempt status if they oppose same-sex marriage?”

“Yes. There can be no reward, no benefit, no tax break, for anyone, any institution, any organization in America that denies the full human rights and the full civil rights of every single one of us.”

Just to be clear, this not about whether donors should be allowed to deduct contributions or not. This is an open call for the state to tax the church, to seize the assets of the church—and synagogue and mosque—and not of churches in general, but targeted at the ones who retain the orthodox positions of their respective faiths.

It’s an argument for the state suppression of religion.

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Jerry Bowyer: A Tax Change the President Should Embrace

Bloomberg News and CNBC report that the Trump administration is seriously considering a rule change which would stop the IRS from taxing investors based on phantom gains from inflation.

Let’s say you buy an investment for a hundred dollars and sell it a few years later for 105 dollars, but inflation was 5 percent. You didn’t really make any money. In real purchasing power, you just broke even.

The way the system works now, you’d have to pay taxes on that five dollars. That’s not taxing income; that’s confiscating wealth.

Larry Kudlow, now the president’s chief economic advisor has long been a champion of the idea, and it looks like the president is on board. And: It looks like the president can do this without buy-in from Congress.

We should hope the president embraces this idea and moves forward with it.

It’s good economics—and it would be good politics as well.

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Lanhee Chen: Medicare-For-All Myths

This is Lanhee Chen of the Hoover Institution for townhall.com.

Bernie Sanders and his lefty friends are at it again. He’s reintroduced legislation to create a socialist-style takeover of our health care called Medicare-for-all.

Make no mistake: It would do just as much damage to our health care as would previous efforts to install a single-payer system.  Here are the facts:

• First, Medicare-for-all would cost tens of trillions of dollars on top of what the federal government already spends on health care. Even much higher taxes on every American worker wouldn’t pay for the socialist-style system that Sanders envisions.

• Second, Medicare-for-all would mean that many Americans would have to give up the health insurance coverage they currently have.  Like your plan today? Get ready to say goodbye to it.

• Finally, Medicare-for-all could compromise the existing care that our seniors on Medicare already receive by making it harder to gain access to the doctors and hospitals they trust.

Sanders and his allies have a way of making the awful sound great.

Don’t get fooled.

I’m Lanhee Chen.

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Michael Medved: Altering America Beyond Recognition

Every election, candidates claim: “This is the most important election of our lifetime” but that’s generally untrue. For better or worse, no President since Reagan has profoundly transformed the country, but 2020 could well be different.

Democrats seem determined to run on a radical, irresponsible platform that includes the Green New Deal, race-based reparations, Medicare for all, “soak the rich” Tax hikes, and free pre-school and college. Such programs would bring a vast expansion of the welfare state, strangling growth and swelling budget deficits.

Even worse, Democrats seek permanent rule by discarding the Electoral College, packing the Supreme Court, and destroying conservative media with some version of the discredited “fairness doctrine.” They also seek instant statehood for Washington D.C. and Puerto Rico—guaranteeing four new Democratic Senators. If Democrats sweep both White House and Senate next year, America could be altered beyond recognition – perhaps beyond recovery.

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Michael Medved: Topsy-Turvy Values Behind the Anti-Business “Head Tax”


A shockingly stupid proposal has outraged the business community here in Seattle, illustrating the topsy-turvy values of contemporary liberalism.

The City plans to enact a punitive “head tax” on every business with revenues of more than 20 million dollars. These companies would be forced to pay a special tax for each of their full-time employees, with the money providing more services for the homeless.

A decent government ought to encourage beneficial behavior, while discouraging self-destructive and damaging conduct. But here, Seattle leftists mean to reverse the equation: punishing job creation—good behavior that benefits everyone—while rewarding dysfunctional and destructive behavior, like camping out in public parks or under freeways. This folly demonstrates the twisted thinking that characterizes progressive ideology.

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