UPDATE BELOW: Often, when I teach my classes about marginal tax rates, I give them a little history about such rates. They're shocked when I tell them that the top U.S. federal marginal tax rate on individual income in the...
The Left dismisses venture capitalist Tom Perkins charges of demonization of the rich as the paranoia of a rich old guy. However, Perkins reflects the core concern of the founding fathers of an overbearing majority using schemes of oppression to attack the wealthy. Were the father of the U.S. Constitution, James Madison alive today, he would listen to the President’s state of the union address with the same questions.
I met Matthew Atkins, a Lieutenant Colonel in the Air Force, recently at the Hoover Institution, where he is currently a military fellow. Lt. Col. Atkins has worked in targeting and intelligence a fair bit. And following some conversations at Hoover, he se
While the Littoral Combat Ship would fill three distinctive Navy needs -- countering submarines, mines and fast small boats -- it plays a far larger role for lawmakers and some Navy officials and experts that isn t laid out in its military specifications.
Obama sought to tap a broadening bipartisan empathy for workers who struggle to make ends meet, pointing to states such as California that have forged ahead on their own by raising wages for low-income workers. To underline his intent to act on a range of issues whether Republicans in Congress agree or not, Obama issued an executive order Tuesday raising the minimum wage to $10.10 an hour for workers on new government contracts. Much left undoneObama rattled off gains made under his watch: 8 million private-sector jobs, more oil produced at home than bought overseas, a health care program fully under way, and a war in Afghanistan that is ending after 12 years. Environmental action With a nod to the Western drought, Obama vowed to press ahead on his own with efforts to combat climate change, promising new fuel efficiency standards for trucks, touting U.S. emergence as "a global leader in solar" and vowing to set carbon emission limits on coal-fired power plants. Base impatient Bill Whalen, a fellow at the Hoover Institution at Stanford University, said Obama's promise to deliver results "without legislation" is a direct appeal to his most loyal followers - many of whom have been disappointed in his inability to deliver on key initiatives. Vargas expressed impatience with the president, saying that while he offered "sympathetic rhetoric," the Obama administration has deported almost 2 million undocumented immigrants. Kierán Suckling, executive director of the Center for Biological Diversity, said that while Obama included a mention of climate change, "his plans for fighting carbon pollution just aren't bold enough or big enough to head off disaster." Rodgers said Republicans would focus on "jobs first without more spending, government bailouts and red tape," and help workers "take home more of your paycheck ... with lower taxes, cheaper energy costs and affordable health care."
Coming off arguably his worst year in office, President Obama is primed to somehow jumpstart a floundering administration and salvage his domestic and foreign policy agenda in the remainder of his second term. The Fiscal Times asked five experts on domestic and foreign policy matters to suggest ways that Obama could get himself out of a political rut.