• Cutting Corporate Tax Rates Would Help Peoria


    A major priority of the next Congress will undoubtedly be to pass tax reform that entails lowering tax rates and paying for the reduced revenues by getting rid of various deductions and credits, most of which go to the well-off.

    While everyone should appreciate a tax code that takes less of each earned dollar, its most important ingredient will be to fix how we tax business income. The goal ought to be a fairer tax code more conducive to economic growth. The current corporate income tax — at 35 percent, nearly the highest in the world — is neither. READ MORE...

  • These 18 Celebrities Who Promised to Move If Trump Was Elected Can Get on That Now


    Schadenfreude was always the best reason to vote for Donald Trump—even better than the Supreme Court. Even those of us who didn’t vote for him have enjoyed the guilty pleasure of watching social justice warriors’ heads explode, Millennial snowflakes hold collegiate cry-ins, and media personalities go crazy. It’s the gift that keeps on giving into the holiday season!

    But the most delicious pleasure-from-others’-pain has come from entertainment celebrities, the most vapid people whose political views and endorsements we nevertheless can’t go a campaign season without hearing. Like clockwork, every four years, in addition to hearing about how it’s “the most important election of our lifetimes,” we learn that this-or-that comedian or starlet will move elsewhere if the Republican candidate wins. This year, of course, that angst reached Trumpian proportions. READ MORE...

  • Trump's EPA Pick Will Make Obama Regret His Environmental Overreach


    Oklahoma Attorney General Scott Pruitt’s nomination for administrator of the Environmental Protection Agency is as clear a signal as the incoming administration can send with regard to its environmental policies.  

    It is also a sign that the administration is far more meticulous, internally consistent and thorough than its detractors have thought, and that it is on a clear mission not just to stop, but to reverse many of the actions of Obama’s EPA.

    It is noteworthy that global warming was the second action item mentioned in President Obama’s 2009 inaugural, and that a mere 90 days later, the administration had issued a “preliminary finding of endangerment” from carbon dioxide and other greenhouse emissions. READ MORE...

  • Assessing the President-Elect's Foreign Policy Advisors


    The hubbub surrounding President-Elect Donald Trump’s foreign and defense policy appointments has been pretty intense. Some of this is ghoulish fascination, perhaps akin to Americans’ collective hunger for so-bad-it’s-good reality TV. But mostly it reflects genuine concern about what the people named to serve in the new administration, or speculated about, might advise the foreign policy novice to do.

    Michael Flynn’s selection as National Security Advisor shouldn’t have come as a great surprise to anyone, and yet the implications for the future of U.S. foreign policy are grim. Gen. Flynn harbors deep animus toward Muslims, generally, and profoundly illogical ideas about the supposed array of enemies conspiring to do us ill. My Cato colleague Emma Ashford discerns a disturbing connection to Samuel Huntington’s clash of civilizations thesis, and his even-more-controversial tract Who Are We? The presence of Steve Bannon in the Trump White House, though not a foreign-policy advisor, per se, merely adds to my disquiet. READ MORE...

  • Trump's Taiwan Call Could Signal a New U.S. Paradigm in Cross-Strait Relations


    Last Friday, president-elect Donald Trump broke with nearly 40 years of precedenceby talking over the phone with President Tsai Ing-wen of Taiwan. Regardless of who made the call, reporting by The Washington Post indicates that it was planned in advance and could be a precursor of bigger shifts in America’s Taiwan policy under the Trump administration. Beijing responded with relative calm and restraint, releasing an official statement that placed blame on Taiwan and downplayed the policy impact of the call. READ MORE...

  • The Right Has Its Own Version of Political Correctness. It's Just as Stifling.


    President-elect Donald Trump has not been shy about the “big problem in this country”: political correctness. Trump has blamed PC for the attack at the Pulse nightclub in Orlando (“They have put political correctness above common sense, above your safety and above all else,” he tweeted) and the rise of the militant group Islamic State. His voters agreed (indeed, it might even have been the reason for his victory).

    It’s not just him. Political correctness has become a major bugaboo of the right in the past decade, a rallying cry against all that has gone wrong with liberalism and America. Conservative writers fill volumes complaining how political correctness stifles free expression and promotes bunk social theories about “power structures” based on patriarchy, race and mass victimhood. Forbes charged that it “stifles freedom of speech.” The Daily Caller has gone so far as to claim that political correctness “kills Americans.” READ MORE...

  • Wilbur Ross Has Made Billions of Dollars, but on Trade He Doesn't Make Sense


    President-elect Trump’s choice for commerce secretary ticks all of the traditional boxes. He’s a successful businessman. He has ideas about how to promote U.S. commercial interests. And he shares his boss’s views about international trade.

    Of course, those are also good reasons to be wary of Wilbur Ross. His misguided views on trade agreements and the trade deficit, in conjunction with his affinity for protectionism and backroom deal-making, will necessitate our vigilance to protect the economy and free markets from the follies of crony capitalism. READ MORE...