The GOP needs a politically defensible alternative if the Supreme Court overturns federal-exchange subsidies. By PHIL GRAMM Feb. 23, 2015 6:26 p.m. ET On March 4 the Supreme Court will hear oral arguments in King v. Burwell, with a decision expected in late June. If the court strikes down the...
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Category Archives: Sectors
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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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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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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The Clinton-Era Roots of the Financial Crisis
Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. By Phil Gramm and Mike Solon* Simply put, the financial crisis of 2008 was caused by a lot of banks making a lot of loans to a lot of people who either could not or...
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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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Obama and the Sequester Scare
Governing isn’t about blaming someone else. It is about choosing. By PHIL GRAMM as appeared in Wall Street Journal on February 27, 2013 on page A13 in the U.S. edition of The Wall Street Journal President Obama’s message could not be clearer: Life as we know it in America will change...
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Phil Gramm: The Multiple Distortions of Wind Subsidies
The Multiple Distortions of Wind Subsidies Producers get so much from the government that they can pay utilities to take their power and still make a profit. By PHIL GRAMM as appeared in Wall Street Journal on December 25, 2012 Federal subsidies for new wind-power generation will end on Dec....
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