Government Spending
Blog
Heroes Act Gave Millions to California’s Poshest Cities
Coronavirus relief funds are back on the negotiation table, but the three sides have a huge chasm to close. Speaker Nancy Pelosi originally proposed a $3.4 trillion package, then $2.2 trillion, and has now settled on $900 billion. Treasury Secretary Steve Mnuchin bargained down further to $1.9 trillion, followed by ...
Business & Economics
A Better Alternative to More Coronavirus Stimulus Spending and Loan Programs
By Rod Richardson and Wayne Winegarden As the nation grapples with the ongoing coronavirus pandemic, the U.S. Senate may soon consider another federal stimulus package. Some politicians favor trillions in additional federal spending and lending, but before we further explode the debt and deficit, let’s pause and think about what ...
Blog
Can Taxpayers Afford a Big Spending Sacramento “Economic Recovery Plan”?
Speaker Pelosi and her allies in Congress received significant pollical pushback for using the COVID-19 crisis to enact their budget wish list in the $2 billion “phase 3” stimulus. Recently, Rowena Itchon wrote on Right by the Bay about tens of millions being spent on priorities for Democrats like propping ...
Blog
Beyond the New Normal? Not.
Back in 2017, concerned over the sclerotic growth of the U.S. economy, PRI published a series of studies titled Beyond the New Normal by economist and PRI senior fellow Wayne Winegarden. Up until that point, annual real GDP growth averaged just 1.9 percent since 2001. Many economists, resigned to our ...
Business & Economics
Eliminating barriers to entrepreneurship will help immigrants, poor
The United States is in the midst of the longest economic expansion on record. The U.S. economy has been growing for more than 10 years. The unemployment rate is near its lowest point ever. And yet, poverty continues to be persistent nationwide. Tens of thousands of people are homeless in ...
Blog
Taxpayers Exhausted from Newsom’s Marathon Budget Presser
Gov. Newsom’s announcement of his 2020-21 State Budget plan on Friday was another whopper, his speech clocking in at roughly 2 hours and 47 minutes. Last year, reporters who were used to covering a 30 minute press conference where caught off guard by Newsom’s lengthy presentation. Los Angeles Times reporter ...
Blog
California And Bernie Sanders a Snug Political Fit
A Washington newspaper has reported that U.S. Sen. Bernie Sanders, the socialist from Vermont, has received 300 endorsements from California. That goes a long to explaining why things keep going wrong in the state. “The campaign released endorsements from 40 elected officials, more than 80 community leaders and more than ...
Blog
Who Are the Big Winners and Losers of 2019?
We made it to New Year’s Eve 2019 – the last day of the year and the last day of the decade. In between getting ready for a great party and enjoying some champagne, today is a time to look back on the year that was. 2019 was PRI’s 40th ...
Commentary
Court ruling leaves problem-plagued ObamaCare’s future unknown – More pragmatic plan needed
ObamaCare’s much-hated requirement that every American carry health insurance or pay a penalty was ruled unconstitutional Wednesday in a 2-1 decision by the 5th U.S. Circuit Court of Appeals. That’s the right decision on a badly flawed law – but it won’t change anything for months or more likely years ...
Business & Economics
Sacramento, not D.C., is responsible for California’s unaffordable tax burden
Last fall, Democratic congressional candidates successfully painted the 2017 federal Tax Cuts and Jobs Act as a tax increase on hard working Californians to pick-up even more congressional seats. Congress, they charged, raised the tax burden of many Californians by, among other things, capping the State and Local Tax, or ...
Heroes Act Gave Millions to California’s Poshest Cities
Coronavirus relief funds are back on the negotiation table, but the three sides have a huge chasm to close. Speaker Nancy Pelosi originally proposed a $3.4 trillion package, then $2.2 trillion, and has now settled on $900 billion. Treasury Secretary Steve Mnuchin bargained down further to $1.9 trillion, followed by ...
A Better Alternative to More Coronavirus Stimulus Spending and Loan Programs
By Rod Richardson and Wayne Winegarden As the nation grapples with the ongoing coronavirus pandemic, the U.S. Senate may soon consider another federal stimulus package. Some politicians favor trillions in additional federal spending and lending, but before we further explode the debt and deficit, let’s pause and think about what ...
Can Taxpayers Afford a Big Spending Sacramento “Economic Recovery Plan”?
Speaker Pelosi and her allies in Congress received significant pollical pushback for using the COVID-19 crisis to enact their budget wish list in the $2 billion “phase 3” stimulus. Recently, Rowena Itchon wrote on Right by the Bay about tens of millions being spent on priorities for Democrats like propping ...
Beyond the New Normal? Not.
Back in 2017, concerned over the sclerotic growth of the U.S. economy, PRI published a series of studies titled Beyond the New Normal by economist and PRI senior fellow Wayne Winegarden. Up until that point, annual real GDP growth averaged just 1.9 percent since 2001. Many economists, resigned to our ...
Eliminating barriers to entrepreneurship will help immigrants, poor
The United States is in the midst of the longest economic expansion on record. The U.S. economy has been growing for more than 10 years. The unemployment rate is near its lowest point ever. And yet, poverty continues to be persistent nationwide. Tens of thousands of people are homeless in ...
Taxpayers Exhausted from Newsom’s Marathon Budget Presser
Gov. Newsom’s announcement of his 2020-21 State Budget plan on Friday was another whopper, his speech clocking in at roughly 2 hours and 47 minutes. Last year, reporters who were used to covering a 30 minute press conference where caught off guard by Newsom’s lengthy presentation. Los Angeles Times reporter ...
California And Bernie Sanders a Snug Political Fit
A Washington newspaper has reported that U.S. Sen. Bernie Sanders, the socialist from Vermont, has received 300 endorsements from California. That goes a long to explaining why things keep going wrong in the state. “The campaign released endorsements from 40 elected officials, more than 80 community leaders and more than ...
Who Are the Big Winners and Losers of 2019?
We made it to New Year’s Eve 2019 – the last day of the year and the last day of the decade. In between getting ready for a great party and enjoying some champagne, today is a time to look back on the year that was. 2019 was PRI’s 40th ...
Court ruling leaves problem-plagued ObamaCare’s future unknown – More pragmatic plan needed
ObamaCare’s much-hated requirement that every American carry health insurance or pay a penalty was ruled unconstitutional Wednesday in a 2-1 decision by the 5th U.S. Circuit Court of Appeals. That’s the right decision on a badly flawed law – but it won’t change anything for months or more likely years ...
Sacramento, not D.C., is responsible for California’s unaffordable tax burden
Last fall, Democratic congressional candidates successfully painted the 2017 federal Tax Cuts and Jobs Act as a tax increase on hard working Californians to pick-up even more congressional seats. Congress, they charged, raised the tax burden of many Californians by, among other things, capping the State and Local Tax, or ...
