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ICYMI: The Coolidge Lesson on Taxes and Spending
In case you missed it, today’s Wall Street Journal featured an article by Amity Shlaes, director of the Bush Institute’s 4% Percent Growth Project and author of the recently released biography, Coolidge. In the article Shlaes reminds us of the extraordinary measures President Coolidge took in reining in spending, cutting taxes, and ultimately combining tax cuts and budget cuts for a balanced budget.
“The 30th president cut the top income-tax rate to 25% (lower than the 28% of the historic Reagan cut of 1986). Coolidge reduced the national debt and balanced the budget. When he departed the White House for his home in Northampton, Mass., he left a federal budget smaller than the one he found.”
Read more from Shlaes about the bold moves of President Coolidge, and how the lessons of the 1920s could serve us well today.
“President Reagan recognized Coolidge's achievement, and upon taking office in 1981 he had a neglected Coolidge picture restored to a place of honor near Lincoln and Jefferson in the Cabinet Room. [T]hose who are even now pondering presidential runs for 2016 would do well to heed Silent Cal's deeds.”
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.