Category Archives: Tax Policy

Phil Gramm: A GOP Game Plan for Tax Reform

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If the special deals that create crony capitalism are allowed to survive, Republican efforts will have failed. Thanks to the efforts of Democrat Sen. Max Baucus and Republican Rep. Dave Camp, Congress will take up tax reform this year. Before the debate begins, however, Republicans need to set out the...
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Gramm and McMillin: The Debt Problem Hasn’t Vanished

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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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Michael Solon: The Revenue Deficit From Progressive Tax Rates

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The government now relies far more on fewer and wealthier taxpayers. No wonder revenues are lower. The two policies that national Democrats blame for massively unbalanced federal budgets—the Bush tax cuts and the wars in Iraq and Afghanistan—have been largely repealed. Yet deficits are projected to average $700 billion a...
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Gramm and Solon: Can Government Benefits Turn an Election?

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This election will test the relative power of private-sector aspirations versus public-sector dependence. By Phil Gramm and Mike Solon as appeared in Wall Street Journal on October 18, 2012 Since World War II, the five incumbent presidents who were re-elected enjoyed an economy where the unemployment rate averaged 5.4% in...
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Phil Gramm on Banking, Regulation, U.S. Election

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Sept. 10 (Bloomberg) — Former U.S. Senator Phil Gramm, a Texas Republican who helped write the 1999 law that enabled the creation of financial institutions such as Citigroup Inc. and Bank of America Corp., talks about the outlook for the 2012 presidential election and the banking industry. He speaks with...
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