WSJ-Biden Turns Back the Progressive Clock

Without the deregulation of the ’70s—which he supported—the economy would be smaller today. By Phil Gramm and Mike Solon July 14, 2021 2:16 pm ET In a sweeping executive order aimed at reimposing Progressive Era regulatory policy across the U.S. economy, President Biden recounted the foundational myths of modern progressivism. The first...
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WSJ-ProPublica’s Plan for a Poorer America

A federal wealth tax would only make it harder for people with big dreams to make them a reality. By Phil Gramm and Mike Solon June 16, 2021 6:16 pm ET ProPublica’s “blockbuster” story showing that the wealthy “pay income taxes that are only a tiny fraction of the hundreds of millions,...
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WSJ-Biden’s Plans Are Already Hurting the Recovery

As anti-production policies take hold, supply and worker shortages appear and inflation looms. By Phil Gramm and Rick Scott May 19, 2021 12:49 pm ET The April Consumer Price Index rose by 0.8%, or 9.6% on an annualized basis. On an annual basis the inflation rate for the past three months has...
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WSJ-The Biden Tax Mirage

Marginal rates have been a lot higher, but the actual share the top 1% pay stays remarkably constant. By Phil Gramm and Mike Solon May 12, 2021 12:39 pm ET With deficits at levels not seen since World War II, the March $1.9 trillion stimulus only beginning to spend out, and President...
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Incredible Shrinking Income Inequality

Its rise is an illusion created by the Census Bureau’s failure to account for taxes and welfare. By Phil Gramm and John Early March 23, 2021 12:34 pm ET The refrain is all too familiar: Widening income inequality is a fatal flaw in capitalism and an “existential” threat to democracy. From 1967...
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