China’s Real Intentions Toward America
These days, America competing with China is like an American runner competing against a Chinese runner, except that the American runner has to carry an anvil. It may be against the rules, but there’s little anyone can do about it. The Chinese have the advantage. But let’s not delude ourselves about China’s aims. China want to surpass the United States as the world’s leading economy. And they want to replace the dollar with... Read More
Rail Dispute Over Keystone Pipeline Follows a Long Tradition of Cronyism
Our nation’s railroad system has always been a source of pride. It helped America expand from coast to coast, and by 1860, nearly every major city was linked by rail. In addition, most farms were within five miles of a rail line so they could ship produce and livestock. Yet, with this growth has come a long history of cronyism connected to the nation’s rail system. We usually recall fondly the golden spike that marked the First Transcontinental... Read More
America’s Ex-Im Bank Is Needed To Compete
With all the barriers stacked up against American entrepreneurs, a bright spot has been access to working capital through the Export-Import Bank, which is essential if American exporters are to compete in the global marketplace. Ex-Im provides working capital guarantees, insurance and direct loans to American manufacturers, helping to open new foreign markets that allow the U.S. economy to grow, while creating good-paying jobs. Yet some in Congress... Read More
Shutting Down Ex-Im Bank Punishes American Entrepreneurs and Job Seekers
With all the barriers stacked up against American entrepreneurs, a bright spot has been access to working capital through the Export-Import Bank, which is essential if American exporters are to compete in the global marketplace. Ex-Im provides working capital guarantees, insurance and direct loans to American manufacturers, helping to open new foreign markets that allow the U.S. economy to grow, while creating good-paying jobs. Yet some in Congress... Read More
An Attack on Intellectual Property Is an Attack on US Business
While the Washington Redskins trademark and logos are the source of heated debate, we seem to have ignored the fact that the team’s intellectual property belongs to them, as granted by the U.S. government dating back more than 80 years. Therefore, the U.S Patent and Trademark Office’s decision to revoke the trademark is an attack on intellectual property and the start of a slippery slope for businesses trying to protect their property... Read More
Corporate Tax Rate Driving American Companies Overseas
Time was when the United States was No. 1 in numerous economic categories. Unfortunately, we have traded our swagger in indicators that make us stronger for a tax code that makes us weaker: American companies face the highest statutory corporate income tax rate in the world — 39.1 percent. According to the Tax Foundation, this overall rate of 39.1 percent is a combination of the 35 percent federal rate plus the average rate levied by U.S. states. This... Read More
Hello New Carbon Tax; Goodbye 250,000 American Jobs
My father was born and raised in West Virginia, and is now buried in the heart of coal country. So President Obama’s war on coal and fossil fuels is not only a terrible policy decision, but it’s one that resonates with me personally. Stephen Moore, founder of the Free Enterprise Fund, was recently a guest on my radio show, Made in America, and predicted that the way the Obama administration is waging war on fossil fuels, the coal... Read More
Obamacare Alienating the President’s Staunchest Supporters
When you start tallying up all the people who despise Obamacare, the line gets pretty long. But one group having a big problem with the Affordable Care Act (ACA) might surprise you: union members, who have historically been the staunchest supporters of President Obama and the Democrats. When the ACA was first proposed, the administration knew it had to woo trade unions if it was ever to gain approval. Unions publicly rallied for its passage. But... Read More
Over-Regulation Leads to Under-Innovation
According to the 2013 Global Innovation Index, released by Cornell University, INSEAD and the World Intellectual Property Organization, the United States ranks as the fifth most innovative country, behind Switzerland, Sweden, the United Kingdom and The Netherlands. While this is an improvement from 2012, when the United States was 10th, there is one root cause for America’s failure to be crowned the top country in innovation: this nation’s... Read More
Senate Refuses to Play Let’s Make a Deal on Keystone XL Pipeline
The Senate vote on the Keystone XL pipeline this week was like that old game show Let’s Make A Deal. Sen. Harry Reid, D-Nev., doing a Bob Barker impression, told Republicans if they looked behind Door Number One and voted for his energy bill, they could trade their vote for what was behind Door Number Two, which could be the Keystone XL pipeline, or some other prize. Republicans wisely decided not to play the game and blocked Reid’s... Read More