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Time to Cut the Payroll Tax
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Press Release

Time to Cut the Payroll Tax

Since the 9/11 terrorist attacks, many policymakers have advocated a payroll tax cut to reduce labor costs and boost consumption. Surprisingly, many conservatives who normally support tax cuts of any sort become wobbly when it comes to payroll taxes. Some, including supply-side guru Bruce Bartlett, have openly criticized the wisdom of enacting payroll tax cuts if they are not accompanied by comprehensive Social Security reform.

11/26/2001
Classical Exuberance, Bursting Keynesian Bubbles
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Press Release

Classical Exuberance, Bursting Keynesian Bubbles

Excerpt from The Green Book. In my opinion, this is not the "normal operation of the business cycle," nor the aftermath of a "burst bubble." Asset values have collapsed across the board, especially in the high-tech sector, not because they were unreasonably high, though some were, but rather because deflationary monetary policy slammed the economy into lower gear, made promising business plans unachievable and otherwise prudent debt levels unmanageable.

11/26/2001
Not All Tax Cuts Are Created Equal
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Press Release

Not All Tax Cuts Are Created Equal

Copley News Service, 11/26/2001 Don't be misled by the illusion of bipartisanship conjured up in pictures of President George W. Bush and Senate Democratic Leader Tom Daschle hugging. It's more a clinch than a hug as Democrats play "rope-a-dope" on the so-called stimulus package, wrestling with the president and trying to wear him out fending off their class-warfare tactics and big-government spending schemes. Five versions of a stimulus package are on Capitol Hill, none of which has sufficient support to be enacted into law.

11/26/2001
Success Abroad Relies on Strength at Home
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Press Release

Success Abroad Relies on Strength at Home

As Congress struggles to develop a stimulus package and U.S. troops are deployed in Afghanistan, the economy continues to sputter. Uncertainty, a lack of consumer confidence, and a jittery stock market have slowed economic growth. The September 11 attacks on New York and Washington, D.C. clearly exacerbated economic problems that already were starting to emerge. In fact, the National Bureau of Economic Research recently announced the recession began last March, ending a record ten-year economic expansion. Amidst the faltering economy and the military build-up in Afghanistan, the old chestnut "War is good for the economy" has re-appeared, suggesting that increased military spending will boost demand in the economy, putting people back to work while pumping up Wall Street. In reality, war is a costly undertaking that cannot be sustained without a strong economy. President Bush cannot ignore domestic economic policy as he pursues foreign threats to the United States.

11/25/2001
Mineral industry's support keeps text alive
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Mineral industry's support keeps text alive

BY Gaiutra Bahadur

A group made up mainly of members of the mining industry backs one of the two environmental science texts approved for Texas high school students earlier this month. The state education board's Republicans originally disapproved of "Global Science" by Iowa-based Kendall/Hunt Publishing Co., but withdrew objections after leaders of the Mineral Information Institute wrote letters to the board calling attention to their free-market credentials.

11/21/2001
Politics echo in textbook debate
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Politics echo in textbook debate

BY Gaiutra Bahadur

The textbooks put on trial earlier this month before the state's education board cover environmental science, but the controversy surrounding them invoked recent political history.

11/21/2001
Special Interests Have Much to be Thankful For
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Press Release

Special Interests Have Much to be Thankful For

This week, President Bush signed the airline security act to federalize the nation’s 30,000 airport screeners. The political wake turbulence caused by the inexplicable crash of American Airlines flight 587 made a protracted struggle untenable. As a result, a terrible bill became law that not only adds 30,000 union workers to the federal government’s payroll, but also establishes incomprehensible new regulations to modify and improve on the incomprehensible security regulations already in place.

11/20/2001
Textbooks still provoke controversy
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Textbooks still provoke controversy

BY Gaiutra Bahadur

The textbooks recently put on trial before the state's education board cover environmental science, but the controversy surrounding them invoked recent political history for some.

11/20/2001
Defeating Deflation
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Press Release

Defeating Deflation

As printed in The Wall Street Journal, November 19, 2001

11/19/2001
The Rejected Textbook
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Press Release

The Rejected Textbook

Daniel Chiras' textbook ENVIRONMENTAL SCIENCE CREATING A SUSTAINABLE FUTURE is, as he states, "unlike most other textbooks" (p.6). He is right; it does differ from all the other textbooks that the Texas State Board of Education reviewed in that the entire construct of Chiras' book is based on a factual error and a false premise. To understand the root error, all we need to do is to look at the book's preface and first chapter. In the preface Chiras states, "The main theme of this book is that the long-term well-being of this planet and its inhabitants is in jeopardy and that to create an enduring human presence we must make a massive course change" (p. vi). To support this theme, he loses all objectivity on environmental science and turns his book into an advocacy for environmentalism.

11/19/2001

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