Tag Archives: taxes

Carol Platt Liebau : A Plea for Fairness

When all you have is a hammer, everything looks like a nail. With no new ideas to address poverty in the wake of the pandemic, left wing politicians are once again calling for tax increases, claiming it’s a matter of “fairness.”

Where were these “pro-fairness” legislators last year, when it was fine to shop at Costco or Wal-Mart, but small businesses were shuttered.

And what about the injustice to our children? Many students haven’t been inside a classroom for almost a year. It’s estimated that existing achievement gaps will be worsened by 15-20 percent because of school shutdowns.

Virtually every major policy chosen to address the pandemic has only empowered government and weakened the individual rights of Americans.

It’s ironic that under the guise of “fairness,” politicians would seek to advance measures that will only expand government still further.

Truly, that’s not fair.

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Lanhee Chen: An Opportunity for Georgians

It’s easy to dismiss the Senate elections in Georgia as just another vote to decide two more seats in Congress—and that, ultimately, it may not be all that consequential. I’m sure some of our fellow Americans—and more than a few Georgians—wonder what the point of voting is at all, especially given the outcome of the recent presidential elections.

But I’d urge those Georgians with doubts or who wonder if their vote matters to recognize that the elections in their state do, indeed, matter. A lot.

An unconstrained left means a move toward socialized medicine, the Green New Deal, and much higher taxes for many Americans. The only way that can be stopped is if Georgia voters cast their ballots in the upcoming runoff elections for the U.S. Senate. Your voices will matter, and your votes will be consequential.

Don’t miss out on this opportunity to make a real difference for all Americans.

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Lanhee Chen: The World Health Organization Is in Need of Reform

President Trump should be applauded for his decision to halt funding to the World Health Organization while the administration reviews the group’s response to the coronavirus pandemic.

You and I—the U.S. taxpayers—write a $400 million blank check to the WHO each year. It’s an organization that is broken and long overdue for fundamental reform.

In its handling of the coronavirus pandemic, the WHO has demonstrated that it puts politics over public health.

During the critical weeks and months when the virus began its spread in China and then around the world, the WHO seemed more interested in playing politics—deferring to China—rather than taking the actions that could have saved lives around the world.

We should not waste this opportunity to bring about the lasting, positive changes that will ultimately save lives and improve public health not just here, but around the world as well.

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Lanhee Chen: Warren’s 52 Trillion Dollar Medicare-For-All

$52 trillion dollars. That’s the price-tag for Elizabeth Warren’s plan to bring single-payer, government-run health care to America. And, believe it or not, that number may actually be a conservative estimate for what Medicare-for-all would cost.

Analysts across the political spectrum have panned her plan to pay for all of this. And it’s no surprise, given the details.

For example, she wants the IRS to do better at collecting tax revenue … 65 times better than even the best independent estimates suggest they can do. And even though she’s said the middle class won’t pay more under her plan, she’s calling for $9 trillion in tax hikes on payrolls—an increase that’s sure to affect job prospects and wages for the middle-income Americans.

It’s hard to believe that Elizabeth Warren’s plan stands any chance of being passed into law. But voters are the ones who ultimately have to guarantee that her ridiculous plan gets left on the ash heap of history.

 

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Jerry Bowyer: China Hurts From—and Adjusts to—Tariffs

If the goal of the trade war is to hurt China as we push them to change, it’s working.

China’s economic growth rates are definitely falling. But—as we recently showed on Townhall Finance—the jobs are leaving China, but they’re not coming to the U.S. Jobs are heading to other parts of emerging Asia, often still employed by Chinese-owned companies.

And doesn’t that make sense?

As we slap tariffs on China, markets push supply chains further down the labor scale, not up to high wage America. Markets are highly fluid. Throw a rock in the stream and the water finds its way around it.

For most of human history, China was the world’s economic superpower. The U.S. did not surpass China until we abolished slavery, repealed the war-time income tax and established sound money.

We need to go back to that basic formula, the one that that permitted us to end Chinese dominance in the first place: Universal human dignity, low taxes and sound money.

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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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Lanhee Chen: After Mueller: A Look at the 2020 Election

President Trump faces a much clearer pathway to reelection in 2020 now that Special Counsel Robert Mueller’s found no evidence that the President or the Trump campaign colluded with Russian efforts to influence the 2016 presidential election.

President Trump’s task ahead is to focus his reelection effort on the reasons why voters should give him a second term in office.  And while Democrats continue to obsess over Trump and his alleged misdeeds, it’s up to the President and his team to focus instead on the ways in which they’ve improved the livelihoods of the American people with tangible policy accomplishments.

The President spearheaded tax cuts that have helped many Americans keep more of their hard-earned money; his Administration has cut regulatory burdens and red tape to spur economic growth; and he has appointed judges to federal courts who respect the rule of law and the Constitution.

If President Trump can keep his rhetoric—and his focus—on touting these accomplishments, he’ll go a long way toward winning four more years in the Oval Office.

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