Today’s Brew 11-18-17


Thomas Sowell Thoroughly Debunks Trickle-Down Economics

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Today’s Brew 11-13-17

Ralph Benko has a timely piece today at Forbes.com:

Jack Kemp, Tax Reform, And The Way The World Works

According to the report of one Kemp insider, Reagan, on the verge of his presidential campaign, came to seek Kemp’s endorsement. The Reagan campaign’s purpose was to prevent Kemp from entering the race too, splitting the conservative base. Jack Kemp offered his endorsement in return for Reagan’s endorsement of the Kemp-Roth 30% across-the-board tax rate cut.

That policy was controversial among both Republicans and Democrats. It was famously attacked by Reagan’s chief rival for the 1980 presidential nomination, George H.W. Bush, as “voodoo economic policy.” Reagan, on the advice of his then-top advisors, reportedly intended to check Kemp’s box, pocket Kemp’s endorsement, and never mention the tax rate cut again.

Until, that is, President Carter attacked Reagan’s endorsement of Kemp-Roth as irresponsible. Reagan rose to its defense. Carter doubled down. So did Reagan.


And Dan Mitchell for the win!


The Cats Roundtable

Our friend, Senator Pat Toomey of Pennsylvania discussed tax reform, including SALT deducations, with John Catsimatidis on The Cats Roundtable. Listen to the discussion here (less than 10 minutes long).

Today’s Brew ☕️ 11-11-17

🇺🇸 Happy Veteran’s Day! 🇺🇸


☕️ Another good read on tax reform. Wait until the end.

Here’s an idea, Republicans: Repeal and replace the tax code


Today’s Brew 11-10-17

Keynesian Democrats caught lying about tax reform:

FACT CHECK: Would ’Over 50 million’ Families Pay More Taxes Under The GOP Tax Bill?

“Over 50 million taxpaying households will pay more taxes every April 15” under the House Republicans’ tax reform bill, Democratic Rep. Tony Cárdenas of California claimed Tuesday on the House floor.

Verdict: False

Today’s Brew 10-12-17

Judy Shelton in today’s WSJ is very good. Lots of tax reform talk in other places as well (see links below Shelton editorial).

Woodpeckers for Sound Money

The Fed doesn’t need a ‘hawk’ or a ‘dove,’ but someone to hammer away for the dollar’s integrity.

Judy Shelton Wall Street Journal Sound Money




Today’s Brew 10-11-17

Today’s opinion pages of the Wall Street Journal are worth the price of admission. See Larry Lindsey talk tax reform and see John Tamny talk about debt and the economic future in Puerto Rico.

Tax Reform Will Give Workers a Raise

Expect 3.2% growth, mostly taking the form of higher real wages. It happened in the 1960s.

WSJ, Lindsey 10-11-17


Forgiving Debt Would Hurt Puerto Rico

Wiping out creditors would simply enable more dysfunction.

WSJ, Tamny 10-11-17