Trump claims a victory as Ford Motor Company will keep producing Lincoln MKCs in Kentucky instead of moving that operation to Mexico.
The economic growth rate during each of the last eight presidential administrations (beginning with Eisenhower's) was lowest during Obama’s term in office, January 2009 through October 2015, an era of multiple tax hikes and pervasive regulatory expansion.
“Don’t let anyone tell that, ah, you know, it’s corporations and businesses that create jobs,” Hillary Clinton proclaimed to loud applause at a political rally in Boston on October 24.
“You know that old theory — trickle-down economics,” she continued. “That has been tried. That has failed. It has failed rather spectacularly.”
So-called “Certificate Of Need” laws in the healthcare sector prevent new competitors from entering the market and reward the current dominant players. It is a corrupt cartel system that prevents innovation and competition, denies consumers choices in healthcare, and guarantees ever-rising prices.
These two authors of the recent article on the economy in Foreign Affairs magazine suffer from a complete disconnect from the real world.
More and more Americans are working part-time, including many who desire a full-time jobs. But ignoring the difference between part-time and full-time employment, the administrations is boasting about businesses hiring at historic rates.
Representative David Jolly (R-Fla.) has proposed an “Alternative Maximum Tax” limiting any non-corporate taxpayer’s total tax payment — including federal, state, and local taxes — to 50 percent of adjusted gross income. But why not establish a 5 percent “Alternative Maximum Tax,” until such time as the income tax is abolished entirely?