Articles by Phil Kerpen
CNN | Miscellany | Television
I have a short soundbite in the above video:
PHIL KERPEN (director of policy for Americans for Prosperity): So this tax is going to fall very heavily on lower-income and middle-income folks who were promised that they wouldn't see any tax increases.
Spending | Web Exclusive
Worst Federal Budget Outlook Ever
Short of wartime mobilization, it’s no exaggeration. The Congressional Budget Office released its latest Budget and Economic Outlook today, and it looks like the credit collapse and attendant bailout mania are taking an even greater toll on the federal fisc than expected. Undercounting the TARP (CBO included only $180 billion of its cost) and not including expected big-ticket stimulus legislation, CBO projects a 2009 deficit of $1.186 trillion dollars, or 8.3 percent of GDP. Since 1930 (the earliest data I have) there have only been four years when the deficit was greater than 8.3 percent of GDP and they were the World War II years of 1942 through 1945, when the federal government was selling war bonds to defeat Nazism and Japanese imperialism.
Disguised as health care reform for children
President-elect Barack Obama swept large Democratic majorities into both houses of Congress in large part by promising that he would not raise taxes on any Americans making less than $200,000 per year, and would provide most Americans with tax cuts. This stand allowed Democrats to capture the traditionally Republican tax issue. It told voters that, this time, Democratic control wouldn't mean steeply higher taxes. Yet there are rumblings that one of the first orders of business for the expanded Democratic majorities in Congress will be to raise taxes on millions of Americans nowhere near being rich, including many below the poverty line. It's a cigarette tax hike, included in a bill to dramatically expand government-run health care. Passing it would signal that Democrats are still the party of higher taxes -- and not just for the rich.
Spending | Web Exclusive
The Free Parking Economy
I’m always amazed at how many people don’t know the official rules of Monopoly, or prefer to play by their own Folk Rules. I’m amazed because most of the Folk Rules make the game virtually unplayable—cash for landing on Go, cash for rolling snake eyes or boxcars, and most notoriously cash for landing on Free Parking. They inject so much extra cash in the game that nobody ever goes bankrupt. The weak players hang on for hours, and it never gets down to the exciting part of the game, where only the strong players are left and they battle it out according to their respective skill and, of course, the roll of the dice.
Welcome to the Free Parking economy.
Fox News Channel | Investment Taxes | Spending | Tax Reform | Television
AFP director of policy Phil Kerpen discusses the major tax hikes coming to pay for the current and impending explosion of government spending with Neil Cavuto on Fox News, November 25, 2008.