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george w bush

WHY IT MATTERS: Debt

The issue: A sea of red ink is confronting the nation and presidents to come. The budget deficit — the shortfall created when the government spends more in a given year than it collects in taxes and fees— is on track to top $1 trillion for the fourth straight year. When there’s not enough to […]

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The Great Tax Divide - Thomas Sowell

There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about “tax cuts for the rich.” Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not […]

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