Sep. 30, 2017 – 7:32 – Former Senate Banking Committee Chair Phil Gramm reacts to plan’s reduction from 35 percent to 20 percent. You can watch here....
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WH says corporate tax rate proposal is non-negotiable
Category Archives: Monetary Policy
Finding America’s Lost 3% Growth
If the country can’t grow like it once did, then the American Dream really is irretrievably lost. By Phil Gramm and Michael Solon Sept. 10, 2017 4:04 p.m. ET Growth deniers are declaring that America’s economy has lost its ability to grow at 3% above inflation. If that’s the case, maybe...
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Reagan Cut Taxes, Revenue Boomed
The model of tax-rate cuts and deregulation can work again to restore faster growth and lift incomes. By Phil Gramm and Michael Solon Aug. 3, 2017 6:51 p.m. ET A great advantage of having been present when history was made is that later you can sometimes recall what actually happened. Such institutional memory...
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The Economic Headwinds Obama Set in Motion
A booming recovery would force the Treasury and Fed to compete with the private sector for credit. By Phil Gramm and Thomas R. Saving May 17, 2017 Behind every significant postwar recovery has been the same driving force: a sustained rise in private investment and new home building, which increased...
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The Subprime Superhighway
The U.S. and Europe are lowering capital standards for ‘investments’ in public infrastructure—ignoring the lessons from 2007-08. By PHIL GRAMM Oct. 2, 2016 5:56 p.m. ET More government spending, particularly for infrastructure projects, is the mantra in Washington and other capitals. But two factors stand in the way. First, the...
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Why This Recovery is So Lousy
Don’t believe the line that slow growth is inevitable after financial crises. Bad policies yield bad results. PHIL GRAMM and MICHAEL SOLON August 4, 2016 Donald Trump has been criticized by Democrats and Republicans alike for saying that “the American dream is dead.” But instead of slaying the messenger, critics on both...
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The Federal Reserve’s Accountability Deficit
Every member of the Fed’s Board of Governors is an Obama appointee. That wasn’t supposed to happen. By PHIL GRAMM And THOMAS R. SAVING Oct. 14, 2015 6:27 p.m. ET The Federal Reserve enjoys extraordinary independence from the elected branches of government, based on the well-founded fear that politicians cannot be trusted with...
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How Obama Transformed America
His progressive legacy won’t last because he passed vague laws and abused his executive power to impose policies that are unpopular. By: PHIL GRAMM Aug. 23, 2015 6:03 p.m. ET How did Barack Obama join Franklin Roosevelt and Ronald Reagan to become one of the three most transformative presidents in the...
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Dodd-Frank’s Nasty Double Whammy
The legislation has hit the banking industry hard, hurting the recovery. Worse is its effect on the rule of law. By PHIL GRAMM July 23, 2015 7:07 p.m. ET Five years after the passage of the Dodd-Frank financial law, the causes and effects of the failed economic recovery are apparent...
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What’s Wrong With the Golden Goose?
Secular stagnation’ isn’t to blame for lousy U.S. growth rates. Obama’s higher taxes and regulatory assault are. By, PHIL GRAMM April 20, 2015 8:17 p.m. ET Since the Obama recovery began in the second quarter of 2009, public and private projections of economic growth have consistently overestimated actual performance. Six years...
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