ChrisBanescu.com

by IBD Editorials – Success: Away from the low growth and high regulation of an America under Washington’s thumb, our northern neighbor is economically strong. As 2011 ends, Canada has announced yet another tax cut — and will soar even more. The Obama administration and its economic czars have flailed about for years, baffled about [...]

by Ryan Ellis – If there’s a common denominator in tax reform and economic growth packages, it’s this: the corporate rate is too high, and needs to come down for the sake of keeping our employers competitive internationally. Even most on the Left have accepted this. The most common tax-rate target is 25%. Because of [...]

by Chris Banescu – Warren Buffett and President Obama claim that the rich do not pay enough taxes. They both blame the American tax code of being unfair and coddling the rich. Both have been pushing the same class-warfare narrative for many years, using current US capital gains and dividends taxation rates as evidence for [...]

We need politicians to get their hands off our money, get off our backs, and stop treating us as though they have the carrot and we’re the donkey. We’ve grown those carrots and they belong to us.

10/23/2010 – Tom Roberson – Bloomberg Businessweek details the complicated “Dutch Sandwich” tax strategy employed by Google to avoid the massive tax hit it would incur on overseas profits repatriated to the U.S. After reading this and seeing the lengths that U.S. companies go to protect their profits, can anyone seriously believe that taxes do [...]

8/23/2010 – Jeffrey Folks – During the same week in which the president was vacationing in a $50,000-per-night home in Martha’s Vineyard, half a million Americans were standing in line, waiting their turn to apply for unemployment benefits. Those benefits are about $400 a week, not enough to put food on the table, pay the [...]

America’s economic situation needs an emergency heart transplant, but Obama and the Democrats keep offering band-aids instead. We need a major change in government economic, tax, and fiscal policies not more government bailouts. Yet the president is doing nothing to reverse the enormous uncertainty fostered by his own administration’s aggressive anti-business and pro high-tax initiatives [...]

In what can only be described as a partisan, pro-Obama puff piece, The New York Times has now proclaimed on its Economix Blog that tax increases are the best way to “stimulate” our economy and help America reach “fiscal sustainability”: The single biggest step our government could take this year to address the structural deficit [...]

President Obama has pledged more of your money to protect the unions and secure their vote. The administration demanded and got $26 billion taxpayer dollars to spare 300,000 teachers and other public workers from the unemployment lines. The hundreds of billions of taxpayer money already spent by Obama and the Democrats since 2009 to pay [...]

7/24/2010 – Henry Oliner – Karl Marx understood that capitalism is intrinsically productive but saw an inherent unfairness in any value other than that provided by labor. Marx also understood that individual incentives to produce would inevitably lead to overproduction and painful contractions. To avoid these contractions and their impact on labor costs, he believed [...]

6/8/2010 – Robert Frank – In his Wall Street Journal op-ed Monday, famed supply-sider Arthur Laffer argues that higher taxes on the wealthy rarely work because the wealthy simply shift their income. President Obama’s upcoming tax increases, he says, are encouraging the wealthy to take cash and income off the table this year, robbing from [...]

6/6/2010 – Arthur Laffer – Today’s corporate profits reflect an income shift into 2010. These profits will tumble next year, preceded most likely by the stock market. People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. It shouldn’t surprise [...]

The socialist policies implemented by the Obama administration and the Democrat leadership undermine America’s economic prosperity and prolong the misery for millions of companies and workers. Despite passing multi-trillion dollar government tax and spend initiatives, numerous bailouts of failed businesses, and repeated extensions of government benefits, Americans are suffering and the economy is languishing. Nationwide [...]

5/10/2010 – Robert J. Samuelson – What we’re seeing in Greece is the death spiral of the welfare state. This isn’t Greece’s problem alone, and that’s why its crisis has rattled global stock markets and threatens economic recovery. Virtually every advanced nation, including the United States, faces the same prospect. Aging populations have been promised [...]

Investor’s Business Daily | by Thomas Sowell | Jan. 8, 2010 Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is [...]

American Thinker | by Thomas Sowell | Jan. 8, 2010 Politicians like Barack Obama try to make you believe that someone else will pay the tax he wants to impose. For example, President Obama said he will increase taxes only for those making more than $250,000 per year. Other politicians, at other times, have told [...]

The Washington Times | by Richard W. Rahn | Aug. 26, 2009 Why does it appear France is bouncing back more quickly from the recession than the United States? France has long been known for having an economy that suffered from too much government interference, too-high taxes and destructive union activity. Yet it grew 1.4 [...]

The message from Washington is clear and getting louder by the day. If you run a successful business you face excessive government regulations and higher levels of taxation for years to come. The more productive and profitable you become, the more you will be forced to pay for the privilege of operating in this country. [...]

American Thinker | by Daniel Salvaterra | July 12, 2009 North Carolina is a state with a huge budget deficit. It is one of the worst state deficits in the nation at $4.6 billion or 21% of the general fund budget for fiscal year 2010. In addition, North Carolina has the 5th worst unemployment rate [...]

Breitbart – Big Hollywood | by James Hudnall | May 10, 2009 There’s an old saying that says, “So goes California goes the nation.” As the world’s eighth largest economy, and one of the world’s richest, California is in many respects a microcosm of the US. It has geographical and population diversity. It has major [...]

It may come as a surprise that US companies pay the highest taxes in the world. Yes, you read that right! American businesses, large and small and across all industries pay from 35% to 41.6% of their income in combined state and federal taxes. The 41.6% maximum rate is scheduled to rise to 46.2% in [...]

Wall Street Journal | Feb. 26, 2009 Take everything they earn, and it still won’t be enough. President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need [...]

Investor’s Business Daily | February 19, 2009 The world’s leading maker of microprocessors plans to create 7,000 jobs in new and expanded plants that will churn out computer chips 30% more powerful than the current generation of chips. But California-based Intel won’t make them in California. Instead, the company is expanding in Oregon, Arizona and [...]

The Wall Street Journal | February 17, 2009 If you thought Washington’s stimulus debate was depressing, take a look at the long-running budget spectacle in California. The Golden State’s deficit has reached $42 billion, Governor Arnold Schwarzenegger is threatening to furlough 20,000 state workers (go ahead, make our day), and as we went to press [...]

In today’s turbulent financial times and difficult economic conditions, a lot of unjustified criticism and unwarranted accusations have been laid at the doorstep of capitalism. Many in the mainstream press and academia, a majority of politicians, and a large number of Americans have jumped on the bandwagon and unfairly blame capitalistic principles for the huge [...]