James Pethokoukis

Obama tells business to share the wealth

February 8, 2011

A few thoughts on President Obama’s speech to the U.S. Chamber of Commerce:

1. Would it be too much trouble for him to be more specific about how deeply he wants to cut corporate tax rates? I hope he doesn’t see the OECD average of 25 percent as a floor. Canada’s rate will be dropped to just 15 percent next year. And if he really wants more of company profits to be “shared” with workers, then he ought to propose abolishing corporate taxes altogether since 70 percent of the tax burden is passed along to workers.

When states go bust

February 7, 2011

That is the headline for my piece in the latest Weekly Standard about letting US states declare bankruptcy. Here’s a taste:

Obama’s big shift?

February 7, 2011

The president told Fox’s Bill O’Reilly that he hasn’t shifted to the center. “I’m the same guy,” Obama says.  Right, he’s the same guy — a guy who will try and push through as much of his left-of-center agenda as he can.  If he had the votes,  for instance,  Obama would certainly be pushing a cap-and-trade energy plan or higher income taxes. But he doesn’t, so it’s time for Plan B.