Articles by Phil Kerpen
Ft. Worth Star-Telegram | Miscellany
By PHIL KERPEN
In our free-market system, there should be a strong presumption against government interference with deals in which both sides expect to benefit.
There are sound business reasons to believe that TXU will create more value for the Texas economy and its shareholders as a private company than it has as a publicly traded company. This will allow the company to set longer time horizons and will free it of onerous federal regulations that are hamstringing public capital markets.
Miscellany | National Review Online
For the sake of prosperity, the Texas legislature should not derail the TXU deal.
By Phil Kerpen & Peggy Venable
Last month a consortium led by Kohlberg, Kravis, and Roberts announced the largest private-equity deal in U.S. history, a $45 billion transaction to take TXU, the Texas electric utility, private. TXU manages a portfolio of competitive and regulated energy businesses, and the deal includes price cuts, price protections, investments in alternative energy, and stronger environmental policies. But the size of the deal has sparked a backlash, and its fate is now in the hands of the Texas legislature.
Examiner | Technology
Mar 26, 2007 3:00 AM
BALTIMORE - Proponents of regulating the Internet under a network neutrality regime descended on the Maryland Capitol recently, trying to take advantage of an overwhelming Democratic advantage to try to set an example for the rest of the nation. Fortunately for Marylanders and all Americans, they were routed. As it became apparent that his network neutrality bill would suffer decisive defeat in a body where Democrats hold a 108 to 33 advantage, Del. Herman Taylor Jr., D-14, withdrew his bill. The lesson here is that Google and MoveOn.org can appeal to Democrats thematically on this issue, but sensible legislators abandon them when they learn the facts.
Chicago Tribune | State Taxes and Spending
By Phil Kerpen
Mayor Richard M. Daley and Gov. Rod Blagojevich are right to criticize each other's tax plans, but they're wrong about the state's need for higher taxes.
A tax on gross business receipts, supported by Blagojevich, would drive businesses away from Illinois in droves and force people to pay more at the cash register. An income tax hike, supported by Daley, would take money out of taxpayers' pockets and lower the after-tax rewards for work, savings and investment, leading to less economic activity.
The only meaningful way to lower the tax burden for Illinois families is to root out wasteful pork, impose limits on spending growth at the state and local levels and enact real education reforms that put parents, not bureaucrats, in control of public education.
Capital Markets | Forbes.com | Investment Taxes
Phil Kerpen 03.22.07, 10:00 AM ET
WASHINGTON, D.C. -
It seems these days that everyone in Washington is eyeing the so-called tax gap as a funding source for new federal spending.
But what about helping the little guy to fill another kind of gap--the inflation gap in capital gains. We should indicate the cost basis of every stock you buy, when it comes time to sell it.
New York Sun | Social Security
BY PHILIP KERPEN
The apparent collapse of talks between the White House and Senate Democrats suggests that, though we should remain vigilant, conservative groups appear to have successfully stopped a sell-out effort to raise Social Security taxes in the name of reform.
That said, the status quo — entitlement spending projected to lead an explosion in the size of the federal government to 38% of gross domestic product by 2050 from 20% — is a rout for limited government conservatives and a disaster for the country's future.
The key to getting the reform effort back on track is to focus on the lowest common denominator problem with the current system — Congress's unconscionable raid of Social Security surpluses to fund unrelated programs. Fortunately the conservative Republican Study Committee is now proposing to do precisely that by including a commitment to stop the raid in its American Taxpayer Bill of Rights agenda announced last Wednesday.