Straight Talk on Trade

My reaction to any politician claiming to offer “straight talk” is a knowing chuckle (“yeah, right”), and that includes John McCain. So I’ve got to give credit to the so-called Straight Talk Express for a recent campaign stop in Youngstown, Ohio, where the Republican presidential candidate offered some honest and accurate comments on a contentious subject in politically risky circumstances—straight talk, if you will. Continue Reading...

Philadelphia’s Tax Mess Calls For Reform

When I lived in Philadelphia, Pa. as young boy, I always wondered why they called it the city of “Brotherly Love,” especially since some of the neighbors seemed so mean. The name “Philadelphia” is mentioned in Revelation 3:7. Continue Reading...

The Power of Individual Giving

It’s the beginning of tax season. Since I’m still in school, I typically have to get my returns done early so that I can include them as part of financial aid applications. Continue Reading...

Farm Subsidies Follow-up: Feed the Rich

In one of this week’s Acton Commentaries, Ray Nothstine and I juxtapose a static, sedentary dependence on government subsidies with a dynamic, entrepreneurial spirit of innovation. The impetus for this short piece was an article that originally appeared in the Grand Rapids Press (linked in the commentary). Continue Reading...

Harry Reid, Fiscal Conservative

Sophisticated followers of politics such as the readers of PowerBlog will not be surprised by this story, but I’ll bring it to your attention anyway. The US House recently passed a bill that includes a dramatic tax increase on mining businesses. Continue Reading...

Cutting Budgets and Taxes

Both of our major political parties have missed what seems so obvious. One says that we need more tax cuts to strengthen the economy. This is correct. The problem is that they are not willing to also make serious budget cuts. Continue Reading...

The State of Discontent

Some of Michigan’s economic woes are pretty well outlined in an editorial in today’s OpinionJournal, “MoveOnOutofMichigan.org”. It begins by noting a symbolically important defection: Comerica Inc. was founded in 1849 in Detroit and the Detroit Tigers play in Comerica Park, but this week the bank holding company announced it is moving its headquarters to Dallas–where, it said, the bigger growth opportunities are. Continue Reading...

2006 in Review, 2nd Quarter

Our series on the year in review continues with the second quarter: April “Surprise! Evangelical Politics Isn’t Univocal,” Jordan J. Ballor So from issues like immigration to global warming, the press is eager to find the fault lines of evangelical politics. Continue Reading...

Keep Those Receipts!

Filing your taxes just got a little more complicated. The IRS recently announced new guidelines for charitable deductions to be introduced for the 2007 tax year. Beginning next tax season, “taxpayers must provide bank records or other information when claiming deductions for charitable donations of money.” These records can include credit card statements and canceled checks. Continue Reading...

The Fleecing of America

NBC Nightly News has long had a special feature titled, “The Fleecing of America,” which investigates various instances wasteful spending by government officials. To get a visual clue about the massive size and diversity of the federal budget, check out “Death and Taxes”, the 2007 edition, “a representational graph of the federal discretionary budget. Continue Reading...