James Pethokoukis

Why Romney’s right that ‘companies are people’

August 11, 2011

Liberal groups, like Think Progress, are jumping all over Mitt Romney for this (via TP):

Just where is the GOP on taxes right now?

August 11, 2011

After the recent debt ceiling debate, Republicans seemed pretty unified in their stance against raising taxes. But here is Ways and Means Chair Dave Camp, just appointed to the new debt supercommittee:

On the debt ceiling deal, direction more important than degree

August 1, 2011

If you want to read the bill yourself, here you go. And here is a nice summary from MF Global:

Debt ceiling update: tax increases still a no-go

July 31, 2011

First, the outline of the emerging debt ceiling deal (via Reuters):

1) The emerging deal includes a two-step process to cut the deficit about $2.8 trillion over a decade while increasing the debt ceiling by a similar amount to cover U.S. borrowing beyond the November 2012 election.

Resisting the Gang of Six budget temptation

July 21, 2011

America needs to raise its debt ceiling,  cut spending and implement wide-ranging tax reform. The Gang of Six plan claims to do all those things as it reduces debt by close to $4 trillion over a decade. If I could summarize my opposition in one sentence, it would be this one from Rep. Paul Ryan: “The plan appears to increase revenues by $2.8 trillion, without addressing unsustainable health care spending that is driving our debt problems.”

Explaining Obama’s tax-hike obsession

July 19, 2011

It’s the great mystery of the debt ceiling debate: Why is President Barack Obama so darn adamant about raising taxes? “This may bring my presidency down, but I will not yield on this,” Obama told Republicans before dramatically exiting their budget meeting last week.

Is Obama getting ready to snooker Boehner on taxes?

July 9, 2011

The media accounts of the tax reform deal being cooked up by President Obama and House Speaker Boehner aren’t all that clear. But it is looking like a big tax increase:

Why the GOP should reject tax increases, in one chart

July 8, 2011

Why are Republicans demanding a debt deal that has big spending cuts but no tax increases? (Besides, of course, the fact that spending is the problem and the last thing this weak economy needs is a tax hike?) Maybe it’s because the last time they agree to one of these “$2 in spending cuts for every $1 in tax hikes” agreements, they got snookered.

What Reaganomics meant to accomplish

July 5, 2011

Excellent piece by Brian Domitrovic of Forbes:

What was the point of Reaganomics? Starving the beast? None of the above. The point was to get the private sector booming. And could we ever use this as an objective today.

Why Christina Romer is wrong on taxes

July 5, 2011

President Obama’s economic all-star team from 2009 is all but gone. But it’s the gift that keeps on giving. In yesterday’s NY Times, former White House economist Christina Romer offered a rather strange op-ed in favor of tax increases. The crux of her argument is this: