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Blue States Don`t Care How High Taxes Go

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Tax and revenue and public policy can either reward citizens and businesses or punish them A swath of liberal pundits recently have been delighting over news that conservative Kansas Gov. Sam Brownback’s income tax cuts have resulted in state budget shortfalls, and that Brownback and the Republican-dominated state Legislature wound up proposing, and passing, historic sales tax increases in order to close a yawning gap. See, they all seem to be saying, we told you: More taxes, not less, is the “right way” to govern. Russell Berman’s critique at The Atlantic was typical of the panning: All that new revenue, ...

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The Fate of Trans-Pacific Partnership Lies in Republican Hands

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Days after President Obama’s trade agenda was scuttled by members of his own party, the White House and congressional Republicans have found no clear path forward, raising doubts about what was supposed to be one of the administration’s final legislative accomplishments. Republican leaders vowed Monday to press ahead in their rare alliance with the Obama administration against Democratic leaders and organized labor over a trade measure that the White House says is crucial to securing an ambitious 12-nation Pacific Rim pact known as the Trans-Pacific Partnership. But in a sign of the challenges still ahead, tentative plans to vote again ...

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Dropped by the Army, Colt Goes Bankrupt

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The company that armed generations of American soldiers has filed for bankruptcy. After decades arming American soldiers, first with the Vietnam era M16 and later the modern M4 rifles carried in Iraq and Afghanistan, famed gun manufacturer Colt lost its contract with the military in 2013. It never recovered. Last Sunday Colt Defense LLC filed for bankruptcy after 179 years in business. Colt’s chapter 11 filing comes after earlier, failed attempts to restructure its $350 million debt were rejected by the company’s bondholders. Last November, the Wall Street Journal reports, borrowed $70 million from Morgan Stanley in a bail-out loan ...

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How to kill an economy, Obama style: Hundreds of billions more in regulatory costs

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For a president who is constantly talking about improving the lot of “the middle class” and “the poor,” his policies are doing precisely the opposite The Obama administration recently released its latest list of onerous, costly regulations – on the Thursday before the Memorial Day weekend, in a minimalist effort at transparency – and the new cost numbers are in. They aren’t good, but for this administration, they are par for the course. According to an assessment of the new regulatory burdens by the American Action Forum (AAF), the new rules would add an additional $110 billion in costs to ...

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Obamacare is tanking Americans’ personal finances and Washington seems oblivious

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The Affordable Care Act has done nothing to improve health care delivery in America and, in fact, its layers upon layers of new bureaucracy has made it even more inefficient, and expensive The next time you hear a Democrat tout the “success” of Obamacare or a Republican say it is “the law of the land” and “there’s nothing we can do about it,” you should be angry – angry at such callous disregard for the state of your personal finances. For all of the law’s shortcomings, one of its biggest is its failure to bring down out-of-pocket costs for consumers. ...

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Americans’ out-of-pocket spending increases under Obamacare

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American health care is the one of the most highly regulated industries in the country, which is the primary reason why it has become so expensive, but progressives’ “solution” to high health care costs is always more government regulation It turns out there is little that is “affordable” regarding the Affordable Care Act. The law that has been nicknamed after the president continues to ravage both the health care industry in general and Americans’ pocket books. What’s more, the administration’s claim that health care costs are falling is premised on a misconception (surprise!). But as Merrill Matthews of the Institute ...

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When progressives hate the minimum wage

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If politicians were serious about making sound economic policy versus trying to buy votes with certain constituencies, there would be no such thing as a government-mandated wage in America “Despite being a progressive living in San Francisco, I do believe in capitalism. I’d like to have the market solve this problem.” So says Brian Hibbs, owner and operator of Comix Experience, a must-visit location for premier comic-book artists and graphic novelists since opening on April Fool’s Day in 1989. What’s he talking about? The city’s recent passage of Proposition J, which won the support of 77 percent of the city’s ...

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