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WHY DOES AMERICA HAVE THE WORLD’S WORST BUSINESS TAX?

If you were establishing a new business whose products would be produced and sold worldwide, would you set it up in the United States, which now has the world's highest corporate-tax rate?

There is a growing realization that the U.S. is at an increasingly competitive disadvantage when it comes to taxing corporations.  Even the Obama administration said it is open to a corporate-tax rate cut, and it is expected that President Obama will propose some rate reduction in his forthcoming State of the Union address.

If he does, be wary, for he he is likely to qualify his proposal by saying that any corporate-tax reduction must be "revenue neutral."  That's code for closing "loopholes" that are pro-business.

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THE CLIMATE OF MEDIA DISHONESTY

A media darling one day, an unperson the next. Eric Fuller's moment in the spotlight was very short. The Associated Press did a story a week ago Friday (1/14) on the charge Mr. Fuller made on an obscure left-wing radio program (Democracy Now!) that conservatives were responsible for the shooting spree in Tucson that left six people dead and 14 others -- including Rep. Gabrielle Giffords -- injured.  It was a major topic of discussion on MSNBC that night. "It looks like (Sarah) Palin, (Glenn) Beck, Sharron Angle and the rest got their first target," Mr. Fuller said. Mr. Fuller made this charge days after it was clear the shooter, Jared Loughner, was mentally ill, didn't listen to talk radio, had a grudge against Rep. Giffords that predated Ms. Palin's arrival on the national scene, admired the Communist Manifesto, hated President Bush, and opposed the Iraq war.  A former classmate described Mr. Loughner as "a left-wing pothead." So why did some journalists play up a disproved charge made by someone you never heard of on a radio program few listen to?

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HALF-FULL REPORT 01/21/11

We begin with an important announcement: The dates of the Vegas Rendezvous are Friday, May 6 to Sunday, May 8. Miko is nailing down the best hotel - although he says he'd like to know if you prefer one Downtown (less expensive) or on/near The Strip.  Let him know at [email protected]. We'll have details soon.  But we wanted you to know the dates so you could begin planning.  See you in Vegas! *  *  *  *  * There's little doubt about who is the HFR Hero of the Week, right?  Who else but Congressman Jim Jordan of Ohio, along with all 174 members of the Republican Study Committee, "the caucus of conservatives" in the House, proposing budget cuts of $2.5 trillion. They are going to teach Americans a civics lesson that will be the most memorable in modern history. This is the lesson of the great legislative asymmetricality enshrined in the Constitution only rarely taught.  Finally, this supreme example of the genius of the Founders will be learned, to the enormous benefit of America and to the utter anguish of the Left.

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THE COMING ASSASSINATION OF SARAH PALIN

This is what truly terrifies me.  Every American should pray to God that it won't happen.  Yet the fear of it keeps me up at nights.  The death of Sarah Palin by an assassin's bullet could very well prove to be the death of America - and the Left wants both. The Left hates Sarah Palin for the same reasons it hates America - for Sarah Palin embodies the very best of America and its values, as she is the literal embodiment of the American Dream. The "climate of hate" the Left constantly accuses the Right of creating is a creation of theirs.  The examples of vicious vitriol towards President Bush, including a film depicting his assassination (it won awards and praise from film critics), were so innumerable they gave rise to a distinct form of mental disorder:  BDS, Bush Derangement Syndrome. PDS, Palin Derangement Syndrome, is BDS on steroids laced with LSD.  It's a brain infection that's been on full display by the Enemedia and the Loughner Left since the Tucson Massacre.  To their frustration, this latest attempt to destroy her has failed.  After her address to the nation accusing them of blood libel, polls found that her popularity had increased rather than plummeted. Thus the Loughner Left is more enraged at her than ever.  Which is why there are news reports of an "incredible" spike in death threats against her.

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DEFUNDING OBAMACARE

Tomorrow (1/19), as one of the first acts of this 112th Congress, the House is due to pass language I introduced to repeal Obamacare: "as if such Act had not been enacted." America's voters sent Republicans a mandate for repeal in November, and I have long argued that we have an obligation to keep faith with them by taking swift action to fulfill our campaign promises. Holding a repeal vote at the outset of the new Congress eliminates doubts as to our commitment. It also reflects my frequently expressed belief that repealing Obamacare should be Congress's top priority. Now, I look forward to working with my colleagues on the next part of my Obamacare repeal strategy: attaching language to block funding for its implementation and enforcement onto every appropriations bill or continuing resolution from this point forward.

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THE GREAT WIND SCAM

No nation has placed greater emphasis on wind and solar energy than Spain.  On eight separate occasions early in his presidency, Barack Obama cited the "green" policies enacted by Spain's socialist government as the model for what he wants for America. President Obama doesn't talk so much about Spain anymore.  When Gabriel Calzada, an economist at a private think tank in Spain, issued a report which said each wind energy job the government created cost Spanish taxpayers $1.4 million in subsidies, and destroyed 2.2 jobs in the private sector, it prompted panic in Obama appointees in the Department of Energy, who worked with wind energy lobbyists to craft responses to the study. "What this shows is a shameless politicization of what should be a professional bureaucracy," said Investor's Business Daily in an editorial.  "Instead of staying objective, they sought to scupper facts for ideologically motivated junk science." I suppose it is natural for politicians to be attracted to wind power, since so many of them are blowhards.  But if you think wind energy could replace a substantial amount of the fossil fuels we use, you must have slept through physics class in high school.

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HALF-FULL REPORT 1/14/11

Whoa.  Let's hope the rest of 2011's weeks aren't as intense as this one.  Here's one key focus.  Remember two weeks ago (12/31/10), the HFR predicted that 2011 would see Black Swans of the Right? That "black swan" game-changing events out of the blue precipitating a crisis, which the left specializes in using to expand government power, would now turn in our favor instead? That's what happened when the Loughner Left jumped the shark with the Arizona Massacre.  The very term "Loughner Left" has gone viral on the Web.  The label I gave the Enemedia on Tuesday (01/11) has stuck and quickly.  What didn't stick is the Enemedia's grotesque attempt to blame the Arizona Massacre on Sarah Palin, the Tea Parties, and all conservatives in general.  The great majority of Americans laughed at the accusation - and so did John Boehner and the Republicans in Congress. Thus Boehner & Cantor are proceeding with the straight up-and-down vote on HR 2, to take place next Tuesday (1/18).  They even shrugged at the Dems' demand they change the bill's name due to it's "violent" rhetoric.  It remains entitled: Repealing the Job-Killing Health Care Law Act. Note the word:  repealing.  As we saw in Making Boehner's Bones, Boehner intends to repeal ObamaCare outright, not just defund it piecemeal.

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THE ENDLESS LIBERAL RACIST MASSACRE

Since Saturday (1/08), our media have reveled in the aftermath of the avoidable slaughter in Tucson, where a young madman - ignored by "tolerant" social, educational and law-enforcement systems - gunned down, among others, a federal judge and a nine-year-old girl, while gravely wounding a Congresswoman reaching out to her constituents. Caught out in his incompetence, Sheriff Clarence Dupnik of Arizona's Pima County, railed against conservatives, whom the "lawman" blamed for the massacre on his turf. Other leftists rushed to blame the Tea Party (conveniently overlooking the murderer's internet claim that The Communist Manifesto was one of his favorite books-oops!). The fact is that the shooter wasn't a political creature, but a psychopath. And a hyper-liberal social climate allowed him to go unchecked, despite no end of warning signs and documented complaints from his fellow citizens. Meanwhile, another massacre occurred on the doorstep of our nation's capital, but the media and left-wing activists ignored it.  That's because it was part of the Endless Liberal Racist Massacre.

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REPUBLICANS MUST DEFUND!

Do you think your tax dollars should be used to fund organizations that advocate higher taxes on American citizens? Well, that is exactly what has been happening. The new Republican-controlled House of Representatives, in addition to reducing big, wasteful and unnecessary spending, also needs to go after and defund those programs and activities that are downright destructive. Here's a handful of examples:

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MAKING BOEHNER’S BONES

As the Loughner Lefties at the New York Times realized they jumped the shark in blaming the Arizona Massacre on Sarah Palin and the Tea Party Right, they smoothly shifted their strategy yesterday (1/12). In a transparent ploy to monkey wrench the 112th Congress' program to dismantle ObamaCare and other Dem disasters, the NYT is now claiming that Boehner & Co must "play a less partisan role," and not "allow the House to slide back into confrontational politics."  Translation:  Republicans need to surrender to the Democrats. And Boehner's response?  As Eliza Doolittle said to Professor Henry Higgins, "Not bloody likely!"  Zero and the Dems (and the Enemedia) are going to get the shock of their lives when they learn what Boehner has planned for them. Get ready for this, folks, for it's going to knock the polka dots off your undies.  This is going to make Boehner's bones. 

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