Articles by Phil Kerpen

Dodd-Frank is an Unconstitutional Disaster

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In his first term, President Obama passed two of the most sweeping expansions of federal power in history. The first, his federal takeover of the health care system, narrowly survived at the Supreme Court thanks to the refashioning of its mandate into a tax by Chief Justice John Roberts. The second, his federal takeover of the financial system, may not fare as well.

Read the rest at American Commitment.



The Senate is the Problem

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The late night drama cast Senator Mitch McConnell and Vice President Joe Biden as heroes. They did what Obama and Boehner failed to do, come together on an agreement to limit the bite of the fiscal cliff's tax hikes. That agreement led to bipartisan Senate action. But the appearance of the Senate coming to the rescue obscures the fact the Senate has recklessly refused to act for months, sitting on the House-passed bill to avert the tax hikes, H.R.8, for fully five months before jamming a massive amendment through when there was no time to consider any changes, or even fully understand its provisions. With another looming deadline coming March 1 when the postponed sequestration spending cuts take effect and the country approaches the debt ceiling, the Senate cannot be allowed to again wait until the last minute and then cut a backroom deal.

Read the rest at American Commitment.


Back to Plan A

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There is not a majority in the House of Representatives to support a tax plan that would raise taxes on any taxpayers – not even the much-maligned “millionaires and billionaires.” But that does not mean the House has acquiesced to the automatic tax hikes on every taxpayer slated for January 1. In stark contrast to the failure of “Plan B,” the House already succeeded in passing its “Plan A” back in August: H.R. 8. That bill would extend all current tax rates for one year, while committing to comprehensive tax reform in 2013. It passed the House on a rock solid 256-171 vote, with 19 Democrats joining 237 Republicans.

Read the rest at American Commitment.


Obama Out-Taxes Clinton

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President Obama likes his Clinton nostalgia — he has told the American people his tax increases are a return to the policies of the booming Nineties. It is ironic, therefore, that Obama insists on actually reversing one of the most critical economic successes from the Clinton years: the capital-gains tax cut. Before Clinton signed the 1997 budget deal, the capital-gains rate was 28 percent, and with Clinton’s approval of the cut it fell to 20 percent; Obama now insists on raising it to 23.8 percent, undoing not just Bush’s capital-gains-tax cut but almost half of Clinton’s, too. Such a move would undermine the fragile economic recovery while being unlikely to raise any federal revenue.

Read the rest at National Review Online.


Our politicians are behaving like addicts

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Washington conventional wisdom has it exactly backwards; the modest spending cuts are seen as a disaster, and tax hikes as a cure-all for our fiscal problems. The debate is now more about whose taxes should be raised by how much and less about any spending cuts at all.

This is the behavior of addicts, and spendaholism is rampant in both parties.

Read the rest at Fox News Opinion.


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