Category: Economic Growth

Will Wednesday’s Debate Delve Into Policy, or Am I Asking Too Much?

The last two debates have been dreadfully disappointing as far as the candidates addressing any substantive economic issues.  Based on studies from the NCPA’s Tax Analysis Center, Clinton’s and Trump’s economic plans produce vastly different results.  This is not surprising, of course, since these plans are predicated on different visions for the economy.  Mrs. Clinton wants […]

CAFE Standards Distort Auto Production and Push Jobs South

Once praised for refusing to accept a bailout, Ford is now taking heat for deciding build all small cars in Mexico.  Ford already manufactures the Fiesta model in Mexico, and the Focus and C-Max will follow after the newly-proposed $1.6 billion plant is finished.  Given that Ford sales have risen strongly since the recession, what […]

Hillary’s Tax Plan: A Wealth Transfer from Nearly Everybody (Not Just the Rich) to Big Government

Two weeks ago, presidential candidate Hillary Clinton spoke to an audience in Warren, Michigan laying out her plans for the economy should she become president.  Of course, this was before NCPA released a new study on Clinton’s tax plan, which is now available.  In her speech, she asked four questions, and based on our analysis […]

Another Take on Slow Wage Growth, Part II

Yesterday, I elaborated on a WSJ article and some historical data highlighting slow wage growth.  While some policymakers may just shrug and insist that slow wage and GDP growth are the “new normal,” others seem to believe that simply waving the magic $15 minimum wage wand will fix everything.  Both are wrong.  Here is what could […]

Another Take on Slow Wage Growth, Part I

This week began with some not-so-peaceful May Day protests around the world.  Of particular interest was a demonstration in Seattle, where protestors demanded better wages and working conditions.  Oh…wait…doesn’t Seattle have a $15 an hour minimum wage law?  Evidently according to some, it is not enough for entry level work. According to the Wall Street […]

Washington Update: A Review of 2015 and a Preview of 2016

At the beginning of 2015, for the first time in a decade, Republicans took control of both chambers of Congress. For the past several years, Sen. Harry Reid and the Democratic majority in the Senate had essentially blocked all substantive legislative activity, including basic Congressional necessities like passing a federal budget.   When Sen. Mitch McConnell […]

The “Living Wage” Argument is Back…As a Presidential Campaign Issue

Last week Salon’s Joan Walsh ran an editorial titled “Scott Walker’s Sleazy New Low.”  What did presidential candidate and Wisconsin Gov. Scott Walker do to earn such scorn? He signed into law the 2015-2017 budget for the state of Wisconsin, which included a rewording of Wisconsin State Legislature Chapter 104. Previously chapter 104 § 02 stated, “every […]

Greece-ing the Skids: Is the Puerto Rico Debt Crisis as Bad as the Greek Crisis?

On Tuesday, Greece defaulted on a $1.8 billion payment due to the International Monetary Fund (IMF). even after months of partial bailouts and negotiations.  According to The Hill, Greece’s debt has reached $350 billion or 180 percent of its gross domestic product (GDP).  Closer to home, Puerto Rico recently announced that it cannot pay its […]

Praisin’ the Raisin Decision

Marvin Horne’s marathon battle against the U.S. Government and the Raisin Administrative Committee (R.A.C.) was vindicated when eight U.S. Supreme Court justices (Justice Sotomayor was the lone dissenter) agreed that the confiscation of Mr. Horne’s raisins was a violation of the Takings Clause of the Fifth Amendment, private property shall not be taken without just compensation.  Why […]

Trade Adjustment Assistance is a Small Price To Pay For the Benefits of Trade Deals

Next week, the Senate will vote on Trade Promotion Authority (TPA), a measure that gives the President trade negotiating power that is necessary to wrap up the Trans-Pacific Trade Partnership (TPP), a 12 country Pacific Rim deal, and possibly a later deal with European nations.  To garner the votes needed to pass the TPA measure […]