What Bannon’s CPAC speech got wrong

Chief White House strategist Steve Bannon's "Dismantle The Administrative State" speech to CPAC was a great prosecution of D.C.'s unaccountable regulatory regime. But it bears no resemblance to Donald Trump's actual Big Government agenda. Trump's agenda of centralized command of the economy, through trade restrictions and expanded social spending, requires the administrative state to be … Continue reading What Bannon’s CPAC speech got wrong

Don’t Ruin A Chance for Tax Reform with “Border Adjustments”

As part of an otherwise very good tax reform plan, House Republicans have proposed to modify the corporate income tax so that it becomes a “destination-based cash-flow tax.” For those not familiar with wonky inside-the-beltway tax terminology, there are three main things to understand about this proposal. First, the tax rate on business would drop … Continue reading Don’t Ruin A Chance for Tax Reform with “Border Adjustments”