When is a tax cut a tax hike? When refiners and other firms get hit with the BAT.
Donald L. Luskin
The Border Adjustment Tax and Its Victims
Friday, February 10, 2017
On the January Jobs Report
Friday, February 3, 2017
Post-election animal spirits drive a big beat, while the Fed is comforted by small wage gains.
On the February FOMC
Wednesday, February 1, 2017
The Fed will be extremely gradualist as the economy pulls out of “secular stagnation.”
Make My Inauguration Day
Monday, January 23, 2017
Trump embraces his risky role as an unstoppable force of change. Europe is next.
For Free Traders, Trump’s Corporate Tax Cut Is the Better Way
Wednesday, January 18, 2017
Instead of making the tax ‘border adjustable,’ simply lower rates to 15%, as the president-elect proposes.
On the December Jobs Report
Friday, January 6, 2017
The Fed says it’s tolerant of an “undershoot” in unemployment – which we now don’t have.
Our Contrarian View on the Dollar
Thursday, January 5, 2017
Neither arbitrage nor Trump can justify the rally. What shouldn’t be up must come down.
2017: It’s Bigger than The Donald
Friday, December 30, 2016
Faster growth will come not from Trump, but from the grass-roots forces that elected him.
2017: Making American Crude Again
Thursday, December 29, 2016
Higher prices, deregulation, infrastructure – and tariffs – make US frackers takeover targets.
Kudlow, Navarro, Uh Oh: Trump’s First False Move
Friday, December 23, 2016
A dangerous protectionist crank is in charge of “industrial policy,” crowding out better men.