In response to significantly lower oil and natural gas prices, America’s energy sector is retrenching rapidly. The drilling rig count has dropped by more than 50 percent over the past year, while companies large and small have announced sizeable layoffs and cuts in their capital budgets for 2015 and 2016. Nonetheless, several states, including Pennsylvania and Ohio, are considering imposing or hiking production taxes—called severance taxes—on oil and gas operators. These increases will be in neither the public’s nor the industry’s best interests
Old fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is significant unemployment and slow economic growth it must be due to not enough consumers’ spending in the economy, what Keynesian economists call a “failure of aggregate demand.”
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Veronique De Rugy. De Rugy is a Senior Fellow at the Mercatus Center. De Rugy is on the podcast to explain how Congress is attempting to increase spending and bypass sequestration spending caps in the coming 2016 budget.
Congratulations on your decision to run for President of the United States. I was at home writing at the time of your announcement. As a professional speaker and someone who has spent more than thirty years training speakers, I felt your presentation was stellar—especially considering that you delivered it without a note. I even posted the following on my Facebook page: “I have work to do but am captivated listening to Ben Carson”—which garnered many “likes” and favorable comments.
If you don’t visit Somewhat Reasonable and the Heartlander digital magazine every day, you’re missing out on some of the best news and commentary on liberty and free markets you can find. But[…]
At a time when the Louisiana legislature is facing a $1.6 billion budget shortfall with massive cuts in important programs like healthcare and education as a solution, legislators realize tough decisions have to be made—even when the choice may anger advocates who depend on the handouts they claim are essential for survival.
Commenting on the rioting in Baltimore, the Wall Street Journal’s Daniel Henniger was almost to the end of his April 30 text when he said “On Wednesday morning, the year’s first-quarter GDP growth rate came in—0.02%. Next to nothing. For the length of the Obama presidency, with growth significantly below norm, unemployment for blacks aged 24 and younger has hovered between 30% and 40%. That’s the real powder keg, not the police.”
If you don’t visit Somewhat Reasonable and the Heartlander digital magazine every day, you’re missing out on some of the best news and commentary on liberty and free markets you can find. But worry[…]
In Today’s edition of The Heartland Daily Podcast, we listen in as Senior Fellow Peter Ferrara joins The Joyce Kaufman Show to talk about his upcoming book, Power to the People: The New Road to Freedom and Prosperity for the Poor, Seniors, and Those Most in Need of the World’s Best Health Care.
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Jonathan Williams. Williams is the American Legislative Exchange Council’s (ALEC) Tax and Fiscal Policy Task Force Director. Williams and Hathaway discuss the newest findings in this year’s edition of Rich States, Poor States, authored by economist Dr. Arthur B. Laffer, Stephen Moore, chief economist at the Heritage Foundation, and Jonathan Williams, Vice President of the American Legislative Exchange Council’s Center for State Fiscal Reform.
April 15th is the day that every American is expected to have filed their federal income tax form. Some of us may have done it long before the deadline, some of us will wait until just before the stroke of midnight on April 15th, and some of us may be filing for extensions to defer the actual submission of the full set of income tax-related documents.
A new, federal excise tax of 40 percent on health insurance benefits – once labeled the ‘Cadillac Tax’ by liberal activists — will slam unionized government employees most harshly in 20 U.S. states. The massive tax increase comes from a specific section of the Affordable Care Act (ACA), which was written in 2009 to raise revenue and offset the billions of dollars required to cover previously uninsured Americans under the Obamacare legislation.
In today’s episode of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway is joined by Commonwealth Foundation Vice President of Policy Analysis Nate Benefield. Hathaway and Benefield discuss a new bill being proposed in the Pennsylvania legislature, the Taxpayer Protection Act.
You’ve got to admit, liberal are masters at describing every initiative they launch as “the moral thing to do.” Their campaign for draconian energy regulations and a new global warming treaty is no exception. Protecting people, wildlife and ecosystems from climate catastrophes is the greatest moral cause of our time, alarmist scientists, activists, politicians, bureaucrats, clerics and journalists insist. Rubbish.
A stimulus-backed Department of Energy loan program that has not been tapped for four years, and was deemed unwanted two years ago by the Government Accountability Office, is suddenly ready and willing to dole out more taxpayer millions again – to a corporation that doesn’t need it.
The first renewable energy mandate was adopted in 1983, but most states did not impose these mandates until the 2000s. Though the details vary from state to state, in general, renewable energy mandates require utilities to provide a certain percentage of the electric power they supply from “renewable” sources, notably wind and solar, with the required percentages rising over time.
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Michelle Minton. Minton is a fellow at the Competitive Enterprise Institute. Minton and Hathaway discuss the recently introduced Restoring America’s Wire Act (RAWA). Minton explains how RAWA would benefit some very entrenched special interests at the expense of everyday Americans.
In this episode of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway is joined by Andrew Moylan. Moylan is a senior fellow and executive director at R Street. Hathaway and Moylan talk about the recent reintroduction of the Marketplace Fairness Act.