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Whatever the motivation for a windfall profits tax, the historical and economic recordreminds us that such taxes will cause long-term harm that overwhelms short-term good.
Last week, the Senate held hearings to examine why energy prices have risen so sharply...
In the latest Senate energy bill, the proposed 25 percent windfall-profits tax on oil companies shows a lack of understanding of basic economics.
President Obama is giving yet another Big Speech next week. The White House insists this address will have nothing to do with partisan politics and everything to do with getting Americans back to work. Well, suspend your own disbelief as best you can. But one thing is certain: The president will enter the chamber "shovel ready," as it were. Here is the speech that should be given by the president:
President Obama says that his health plan's popularity will grow once its provisions start being implemented. But peculiar rules tucked into the legislation are likely to make the entire scheme even more disliked as its implementation approaches.
It isalmost sadistic to threaten thepeople in the hurricane areaswith the re-imposition of a tax that did so much harm to their economy in the 1980s.
Politicians have frequently directed harsh rhetoric toward particular corporate taxpayers that earn high profits. At times, this rhetoric has been accompanied by policy proposals that single out a narrow set of profitable taxpayers for disparate treatment. Perhaps the most notable example is the war against Big Oil.
How long before taxpayers are pushed too far?




