Economy
Blog
To Grow America’s Economy, We Need Tax Reform and Spending Reform
Washington D.C. has turned its sights on tax reform. Critics, almost reflexively, oppose the effort based on claims that tax reform will increase the deficit. A little perspective is in order, consequently. The chart below presents data on total federal, state, and local government revenues and spending relative to the ...
Business & Economics
Wayne Winegarden – How Will Tax Reform Impact California?
PRI’s Senior Fellow in Business and Economics Wayne Winegarden joins us to explore how various tax reform ideas could impact the tax burdens of Californians. He also discusses his study on how to move America’s economy “Beyond The New Normal” of low annual growth rates.
Blog
Legislature Serves Up Bad Recipe for Innovation Economy
Recently, a friend of mine told me how much she and her husband enjoyed subscribing to a home meal prep delivery service. Instead of having to go to the grocery story, they deliver all the fresh ingredients you need to make a gourmet recipe right to your doorstep. She suggested ...
Business & Economics
Can’t Buy Me Gender Equality
President Trump just rescinded an Obama administration policy aimed at closing the economic gap between men and women. The measure would have required companies to collect data on pay differences between genders and races. It’s tempting to see the move as dismissive of the gender disparities in our economy. But ...
Business & Economics
Is 2017 The Year for Tax Reform and Spending Cuts?
CNN contributor and noted free-market economist Steve Moore joins us to talk about the Trump effect on the U.S. economy, and what the prospects look like for achieving tax reform and federal spending cuts this year.
Agriculture
Taxing Robots Will Hurt California Innovation and Opportunity
A California governor who went on to greater things was known to say that if government sees something move, it will tax it. Ronald Reagan’s words, spoken more than 30 years ago, are being played out today by a lawmaker who wants to enact a robot tax. Jane Kim, a ...
Business & Economics
One Club Taxpayers Will Never Be Able to Afford
California’s $100,000 Club has grown to an all-time high. And it’s not a particularly exclusive institution. This one has more than 61,000 members, all of them retired government employees, raking in pension benefits many in the private sector would envy. The membership drive was boosted by a sharp increase from ...
Blog
Beware of Tax Reform’s “Unintended Consequences”
There is little doubt that the U.S. needs comprehensive tax reform. The corporate income tax system is globally uncompetitive; the personal income tax system is so complicated that even the IRS can’t answer taxpayers’ questions. The right reform implements a simple flat tax system with globally competitive rates. What should ...
Blog
An (Artificially) Intelligent Future for California?
Californians harboring dystopian fears would have us believe that the state is sowing the seeds of its own destruction by leading in the development of artificial intelligence. Consider state legislation introduced this year that would fine companies like Uber $25,000 a day per vehicle if they operate self-driving cars without ...
Business & Economics
Government Should Leave Sharing Economy Alone
Governments tend to target innovative industries that are too new to be regulated and single them out for punitive taxes and nasty abuse. As Art Laffer once put it, governments aren’t happy when business pioneers enjoy “success without the benevolent, guiding wisdom of” of the regulatory state. This was the ...
To Grow America’s Economy, We Need Tax Reform and Spending Reform
Washington D.C. has turned its sights on tax reform. Critics, almost reflexively, oppose the effort based on claims that tax reform will increase the deficit. A little perspective is in order, consequently. The chart below presents data on total federal, state, and local government revenues and spending relative to the ...
Wayne Winegarden – How Will Tax Reform Impact California?
PRI’s Senior Fellow in Business and Economics Wayne Winegarden joins us to explore how various tax reform ideas could impact the tax burdens of Californians. He also discusses his study on how to move America’s economy “Beyond The New Normal” of low annual growth rates.
Legislature Serves Up Bad Recipe for Innovation Economy
Recently, a friend of mine told me how much she and her husband enjoyed subscribing to a home meal prep delivery service. Instead of having to go to the grocery story, they deliver all the fresh ingredients you need to make a gourmet recipe right to your doorstep. She suggested ...
Can’t Buy Me Gender Equality
President Trump just rescinded an Obama administration policy aimed at closing the economic gap between men and women. The measure would have required companies to collect data on pay differences between genders and races. It’s tempting to see the move as dismissive of the gender disparities in our economy. But ...
Is 2017 The Year for Tax Reform and Spending Cuts?
CNN contributor and noted free-market economist Steve Moore joins us to talk about the Trump effect on the U.S. economy, and what the prospects look like for achieving tax reform and federal spending cuts this year.
Taxing Robots Will Hurt California Innovation and Opportunity
A California governor who went on to greater things was known to say that if government sees something move, it will tax it. Ronald Reagan’s words, spoken more than 30 years ago, are being played out today by a lawmaker who wants to enact a robot tax. Jane Kim, a ...
One Club Taxpayers Will Never Be Able to Afford
California’s $100,000 Club has grown to an all-time high. And it’s not a particularly exclusive institution. This one has more than 61,000 members, all of them retired government employees, raking in pension benefits many in the private sector would envy. The membership drive was boosted by a sharp increase from ...
Beware of Tax Reform’s “Unintended Consequences”
There is little doubt that the U.S. needs comprehensive tax reform. The corporate income tax system is globally uncompetitive; the personal income tax system is so complicated that even the IRS can’t answer taxpayers’ questions. The right reform implements a simple flat tax system with globally competitive rates. What should ...
An (Artificially) Intelligent Future for California?
Californians harboring dystopian fears would have us believe that the state is sowing the seeds of its own destruction by leading in the development of artificial intelligence. Consider state legislation introduced this year that would fine companies like Uber $25,000 a day per vehicle if they operate self-driving cars without ...
Government Should Leave Sharing Economy Alone
Governments tend to target innovative industries that are too new to be regulated and single them out for punitive taxes and nasty abuse. As Art Laffer once put it, governments aren’t happy when business pioneers enjoy “success without the benevolent, guiding wisdom of” of the regulatory state. This was the ...
