Divided government doesn’t have to be a prescription for stalemate. Past bipartisan achievements point the way. By Phil Gramm and Michael Solon Dec. 15, 2014 6:17 p.m. ET After his re-election to become the next majority leader of the Senate, Mitch McConnell ’s first words were not about his or his...
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Category Archives: Fiscal Policy
How to Distort Income Inequality
The Piketty-Saez data ignore changes in tax law and fail to count noncash compensation and Social Security benefits. By Phil Gramm And Michael Solon Nov. 11, 2014 6:50 p.m. ET What the hockey-stick portrayal of global temperatures did in bringing a sense of crisis to the issue of global...
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Senate Democrats vs. the Middle Class
Senators elected in 2008 made Obama’s agenda possible, and its results have harmed most Americans. By PHIL GRAMM And MICHAEL SOLON Aug. 17, 2014 7:10 p.m. ET On Nov. 3, 2008, seven new Democratic senators were elected, giving Democrats 58 votes. Eight months later, with the Minnesota Senate race settled and...
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A Lesson for America in Poland’s Rise and Ukraine’s Fall
As President Obama is learning, no political victory is permanent without economic success. Consider the fates of two former Soviet vassals. By PHIL GRAMM And MICHAEL SOLON Aug. 29, 2014 6:58 p.m. ET In forging Turkey out of the ruins of the Ottoman Empire, Mustafa Kemal Atatürk warned his countrymen in...
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A 2014 Health-Care Strategy: Freedom
ObamaCare repeal is out until 2017, but here’s an agenda to unite the GOP and offer Americans relief. By Phil Gramm Contradictory rulings this week by the D.C. and Fourth Circuit Courts of Appeals mean that ObamaCare will probably return to the Supreme Court. The crucial issue is whether the government can...
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Gramm and Wallison: Worse Than Fannie and Freddie
A bipartisan Senate housing reform would double down on the mistakes that led to the financial crisis By Phil Gramm and Peter Wallison In this era of partisan gridlock, any legislative proposal with significant bipartisan sponsorship should be praised and supported if it simply does not produce a policy worse...
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Gramm and Solon: Suddenly, an Opening for Tax Reform
Senate Finance Chairman Ron Wyden now recognizes that a pro-growth tax reform can raise revenues. By Phil Gramm and Mike Solon A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced “a breakthrough”...
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Phil Gramm and Thomas R. Saving-Janet Yellen’s Greatest Challenge
Every month that the Fed’s quantitative easing goes on, the exit strategy becomes more difficult and dangerous. By PHIL GRAMM and THOMAS R. SAVING With the Senate Banking Committee on Thursday approving Janet Yellen’s nomination to lead the Federal Reserve, her confirmation is virtually assured. Less certain is what Ms. Yellen ultimately intends to...
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Cavuto-Phil Gramm: Find ObamaCare’s weakest link and go for that
September 26, 2013 Former Sen. Phil Gramm, (R-Texas), on the debt ceiling debate and efforts to defund ObamaCare. Watch the video...
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Gramm and McMillin: The Debt Problem Hasn’t Vanished
While deficit projections have recently moderated, the cost of servicing the national debt will explode once interest rates begin to rise. A version of this article appeared May 22, 2013, on page A15 in the U.S. edition of The Wall Street Journal, with the headline: The Debt Problem Hasn’t Vanished....
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