November 18, 2014 at 2:37 pm
Rev. Al Sharpton, a pal of both President Obama and Mayor de Blasio, "faces personal federal tax liens of more than $3 million, and state tax liens of $777,657," the New York Times reports. It adds that his non-profit, the National Action Network, has experienced a revenue boom recently in contributions "from large corporate sponsors." The Times doesn't name them or get into what they want or get for the sponsorship money, but it would be an interesting topic for additional journalism. It's something to consider in terms of President Obama and de Blasio, both of whom support higher taxes. When it comes to actually paying the taxes, it turns out to be, at least for people like Mr. Sharpton, essentially optional. The whole story is worth a look.
November 18, 2014 at 10:53 am
The New York Times has an illuminating update on cars powered by hydrogen fuel cells:
November 18, 2014 at 10:31 am
November 18, 2014 at 10:01 am
Steven Rattner's campaign against income inequality is the topic of my latest column, Please check it out at the New York Sun (here), Reason (here) and Newsmax (here). Scott Winship, the Wriston Fellow at the Manhattan Institute, also responds to Mr. Rattner here.
November 17, 2014 at 3:01 pm
We'll be combining our usual third and fourth-quarter subscription drives into one big push this week, so if you appreciate the content and community here at FutureOfCapitalism, please consider becoming a paying customer. You'll be sending a powerful signal of support that helps to sustain the site's operation. If you are already a member and you are due for renewal, we'll let you know by email this week, so please keep an eye out. Thanks!
November 17, 2014 at 10:54 am
A Fox Business journalist who used to work at CNBC, Melissa Francis, says that when she was at CNBC while President Obama was trying to get his health care bill passed, when she pointed out on air that ObamaCare's numbers didn't add up, management told her to cut it out and accused her of disrespecting the office of the presidency. CNBC called the claim "laughable" but has not denied it.
Ms. Francis left CNBC for Fox Business at the end of 2011.
November 17, 2014 at 10:30 am
From a USA Today editorial: "With the next election two years off and more than 60 departing lawmakers not having to face voters again, this is the perfect time to increase the tax from the current 18.4-cents-a-gallon to an inflation-adjusted 30.3 cents. And with gas prices plummeting, chances are motorists would barely notice."
If this tax increase is as great a policy idea as the USA Today editorial writers apparently think it is, then what's the need to hide it from the voters and hope they don't notice, or to rely on lawmakers who don't "have to face voters again" to get it passed? It reminds me of MIT economist Jonathan Gruber and his boasts about the lack of transparency in getting ObamaCare passed in the face of "the stupidity of the American voter." It's a kind of elitist contempt for democracy.
November 14, 2014 at 12:53 pm
Charles Krauthammer writes:
President Obama got his law degree from Harvard in 1991. Jonathan Gruber got his economics Ph.D. from Harvard in 1992 (his undergraduate degree is from MIT, where he was Phi Beta Kappa). One is tempted to ask how people so smart (or at least highly credentialed) can be so stupid, but as someone who spent the years 1990 to 1994 at Harvard myself, I totally remember and understand the arrogance and am grateful for the knowledge gained then that having a degree from a fancy university is no indication of either wisdom or character.
November 13, 2014 at 2:20 pm
So the Republicans win the Senate, the House, and a bunch of contested gubernatorial elections, and President Obama responds by 1) signing a deal with China promising to reduce greenhouse gas emissions and 2) letting it be known that he will take executive action to give work permits and shield from deportation 5 million illegal immigrants. Am I missing something here? Or is Obama? It's almost as if he's pretending the election did not happen. It's certainly not signaling a willingness to work together with Republicans on Republican priorities. It's almost as if Mr. Obama agrees with Professor Gruber about "the stupidity of the American voter" and the ends justifying the means.
November 13, 2014 at 1:52 pm
Forbes spells out the tax benefits to Warren Buffett and Berkshire Hathaway of his deal to trade Berkshire's appreciated Procter & Gamble stock for Procter's Duracell battery brand:
November 12, 2014 at 2:08 pm
Keith Hennessey has a post — headlined Honesty About Lying" — deconstructing the comments of Jonathan Gruber, the MIT economist who helped design ObamaCare and was recently caught talking about "the stupidity of the American voter." Mr. Hennessey writes that the tactic described by Gruber of deliberately obscuring the costs of ObamaCare as a way of getting it passed "is repulsive and unethical in a representative democracy."
November 12, 2014 at 9:44 am
November 11, 2014 at 12:50 pm
Justice Scalia's statement, joined by Justice Thomas, announcing that he "will be receptive to granting" a petition from someone challenging the idea that a court should defer to the Securities and Exchange Commission's definition of insider trading law has triggered a laudatory editorial in the Wall Street Journal.
The Journal editorial expresses the wish that Justice Scalia will live (and, presumably, continue serving on the high court) "forever." The Journal concludes:
Kudos to the Journal for noticing Justice Scalia's statement, and for agreeing that the insider-trading laws "need clarifying."
November 10, 2014 at 11:02 am
The "Conversations With Bill Kristol" interview this week is with Joseph Lieberman, who tells this anecdote about the difference between President Obama and President Clinton:
November 9, 2014 at 10:55 pm
Seth Lipsky's August 20 New York Post column headlined "Optimism: The GOP's Missing Ingredient" is resonating again, months after it originally appeared.
We had mentioned here back on October 1 that at least two of the Republican Party's 2016 presidential contenders seemed to have taken the column's message on board. Senator Ted Cruz, in his remarks to the 2014 Values Voter Summit that won him the straw poll there (and that are worth a look for other reasons, too), said, "I'm optimistic because of you. I'm optimistic because I believe in the American people." And Governor Scott Walker of Wisconsin told Robert Draper of GQ (link via Politico Playbook): "One of the problems I see with Republicans nationally — well, three. … They're always against Obama, so they're not optimistic. I try to be optimistic and visionary."
Subscribe to the Mailing List
Archives by Topic