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Age Check Laws Are a 'Back Door' to Banning Porn, Project 2025 Architect Says in Hidden Camera Video

Russell Vought speaking to reporters |  Michael Brochstein/Polaris/Newscom

Age verification laws have been sweeping the country the year, as states push to require social media platforms and adult-oriented websites to card their users. Rather than check IDs, some major porn platforms have simply been pulling out of states where these laws are enacted.

This "is entirely what we were after," said Republican operative Russell Vought in a hidden-camera video released last week.

The video was recorded by reporters from the British nonprofit Centre for Climate Reporting. Posing as the relatives of a fictitious conservative donor, the reporters talked with Vought in a D.C. hotel suite in July and, last Thursday, posted a recording of this conversation.

'We're doing it from the back door'

In a portion of the video, Vought—who served as policy director for the Republican National Committee (RNC) platform rewrite this year—talks about why activists have been pushing age verification laws.

"We're doing it from he back door. We're starting with the kids," Vaught said. "We'd have a national ban on pornography if we could, right? So, like, we would have, you know, the porn companies being investigated for all manner of human rights abuses."

A national ban on porn would, of course, run up against the First Amendment. So savvy anti-porn activists have taken to pushing age verification laws instead.

"We came up with an idea on pornography to make it so that the porn companies bear the liability for the underage use, as opposed to the person who visits the website [having to] certify that 'I am 18," Vought told the undercover Centre for Climate Reporting staffers. "We've got a number of states that are passing this and then you know what happens is the porn company says 'We're not going to do business in your state'—which, of course, is entirely what we were after."

Who Is Russell Vought?

Vought is the founder of the Center for Renewing America, a right-wing think tank whose "mission is to renew a consensus of America as a nation under God," per its website. In May, he was appointed policy director of the RNC's platform committee.

Vought was previously an official in the Trump administration's Office of Management and Budget (OMB), eventually serving as OMB director from July 2020 to January 2021.

But Vought is probably best known as one of the architects of Project 2025, the Heritage Foundation's now-infamous document laying out what it wants to put on the agenda of a second Trump administration.

Trump and his campaign have distanced itself from the much-derided Project 2025 agenda, which Democrats have latched onto as a way to portray Trump's campaign as nefarious and extreme. But part of the idea behind the agenda is to put Project 2025 supporters back in the federal government if Trump is elected again. So even if Trump isn't doesn't endorse Project 2025, people from Project 2025 may well be involved in a future Trump administration.

And Vought is "likely to be appointed to a high-ranking post in a second Trump administration," according to the Associated Press (AP).

"In his public comments and in a Project 2025 chapter he wrote, Vought has said that no executive branch department or agency, including the Justice Department, should operate outside the president's authority," reports the AP. "'The whole notion of independent agencies is anathema from the standpoint of the Constitution,' Vought said during a recent appearance on the Fox Business Network."

"Eighty percent of my time is working on the plans of what's necessary to take control of [federal] bureaucracies," Vought said in the Centre for Climate Reporting's video.

Project 2025 on Porn

The idea that age verification laws are meant to make porn websites shutdown isn't exactly a surprising revelation. It's long been clear that a large subset of people pushing porn age-check laws would like to do away with porn entirely. Sex workers have certainly been warning as much for a while now.

Still, it's notable to hear this vision laid out so plainly from someone with such a significant hand in shaping conservatives' policy agenda.

Rachel Cauley, a spokesperson for the Center for Renewing America, downplayed the idea that the video has revealed anything new. "It would have been easier to just do a google search to 'uncover' what is already on our website and said in countless national media interviews," she told CNN.

Indeed, people like Vought have not hidden their anti-porn agenda. Project 2025 calls for banning porn and imprisoning those who make or distribute it. Porn "has no claim to First Amendment protection," it states. "Pornography should be outlawed. The people who produce and distribute it should be imprisoned. Educators and public librarians who purvey it should be classed as registered sex offenders. And telecommunications and technology firms that facilitate its spread should be shuttered."

Project 2025 also takes a broad view of what constitutes pornography, saying that porn is "manifested today in the omnipresent propagation of transgender ideology." It seems pretty clear that a Project 2025–style porn ban wouldn't simply target videos and imagery depicting nudity or sex but a wide swath of content related to gender and sexuality.

More Sex & Tech News

The U.S. Court of Appeals for the Ninth Circuit ruled in favor of the tech-industry association NetChoice in a case concerning California's Age Appropriate Design Code. "The court recognized that California's government cannot commandeer private businesses to censor lawful content online or to restrict access to it," said Chris Marchese, director of the NetChoice Litigation Center.

• Another critical review of Jonathan Haidt's The Anxious Generation, this time written by University of Vienna professor Tobias Dienlin and published in Journalism & Mass Communication Quarterly. "While several arguments are compelling, the book misrepresents the literature, which reports small negative relations at best," Dienlin posted on X. (The published copy of Dienlin's review is paywalled, but you can read a pre-print version here. My review of the book is here.) 

• Amber Batts reflects on how she got sentenced as a "sex trafficker" in Alaska 9 years ago.

Today's Image

Washington, D.C. | 2017 (ENB/Reason)

The post Age Check Laws Are a 'Back Door' to Banning Porn, Project 2025 Architect Says in Hidden Camera Video appeared first on Reason.com.

QAnon declares Rittenhouse to be part of a "secretive transgender psy-op aimed at harming the MAGA movement"

Kyle Rittenhouse, QAnon's latest suppressive person

QAnon, the mainstream wing of the Republican Party, has opened an investigation into whether Kyle Rittenhouse is a transgender secret agent after he wavered for a few hours in his undying support for Donald Trump.

Rittenhouse, who became the poster child for the GOP after he traveled from Illinois to Wisconsin when he was 17 and shot two people to death and injured a third, posted on Xitter last week, "If you cannot be completely un-compromisable on the Second Amendment, I will not vote for you. — Read the rest

The post QAnon declares Rittenhouse to be part of a "secretive transgender psy-op aimed at harming the MAGA movement" appeared first on Boing Boing.

Weighing Kamala Harris' Veep Options

Jonah Goldberg, Kevin D. Williamson, and Kamala Harris | Lex Villena; Robyn Stevens Brody/Sipa USA/Newscom

In this week's The Reason Roundtable, editors Matt Welch and Nick Gillespie welcome not just one but two special guests from The Dispatch. In this convivial Roundtable crossover episode, Jonah Goldberg and Kevin D. Williamson ruminate on Kamala Harris' veep options, identity politics, and drug legalization.

04:54—Kamala Harris' potential running mates

20:09—Identity politics across both major parties

36:40—Weekly Listener Question

56:16—This week's cultural recommendations

Mentioned in this podcast:

"Josh Shapiro Is Kamala Harris' Best Bet for Veep," by Robby Soave

"Trump and Harris Are Just Making It Up as They Go," by Eric Boehm

"J.D. Vance Has Changed a Lot Since the Days of Hillbilly Elegy," by Steven Greenhut

"Democratic Gubernatorial Candidate Who Defended COVID Lockdowns in Court Now Says They Were a Mistake," by Eric Boehm

"Pennsylvania's Democratic Governor Is Threatening To Veto His Own School Voucher Plan," by Eric Boehm

"Majority of Public Comments Support Descheduling or Legalizing Marijuana," by Joe Lancaster

"Don't Blame Decriminalization for Oregon Drug Deaths," by Jacob Sullum

"Glenn Loury on Economics, Black Conservatism, and Crack Cocaine," by Nick Gillespie

"Paris Spent $1.5 Billion Cleaning Poop Out of the Seine, and It's Still Too Dirty for Olympic Swimming," by Natalie Dowzicky

"Full Interview with Nick Gillespie (How the World Works)," by Kevin Williamson

"Faisal Saeed Al Mutar, Melissa Chen: Bringing Enlightenment Values to the Middle East," by Nick Gillespie

Send your questions to [email protected]. Be sure to include your social media handle and the correct pronunciation of your name.

Today's sponsors:

  • We all carry around different stressors—big and small. When we keep them bottled up, it can start to affect us negatively. Therapy is a safe space to get things off your chest—and to figure out how to work through whatever's weighing you down. If you're thinking of starting therapy, give BetterHelp a try. It's entirely online. Designed to be convenient, flexible, and suited to your schedule. Just fill out a brief questionnaire to get matched with a licensed therapist, and switch therapists any time for no additional charge. Get it off your chest, with BetterHelp. Visit BetterHelp.com/roundtable today to get 10 percent off your first month.

Audio production by Ian Keyser; assistant production by Hunt Beaty.

Music: "Angeline," by The Brothers Steve

The post Weighing Kamala Harris' Veep Options appeared first on Reason.com.

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© Lex Villena; Robyn Stevens Brody/Sipa USA/Newscom

Jonah Goldberg, Kevin D. Williamson, and Kamala Harris

Nobody Owes Trump Their Vote. Not Even Kyle Rittenhouse.

Kyle Rittenhouse is seen in front of former President Donald Trump | Illustration Lex Villena; Julia Nikhinson CNP AdMedia; Screenshot, X

UpdateAbout 14 hours after Rittenhouse shared his video explaining his support for Ron Paul, declaring that "you must stand by your principles," he announced that he spoke "with members of the Trump's [sic] team" and that he is now "100% behind Donald Trump."

"A lot of people are upset that I said I'm going to be writing in Ron Paul for president of the United States, and that is true. I will be writing in Ron Paul." So said Kyle Rittenhouse in a recent video posted to X. A lot of people, it appears, are indeed upset. Should they be?

Rittenhouse catapulted to national attention in 2020 when, at age 17, he armed himself, traveled to Kenosha, Wisconsin, during a night of riots and civil unrest, and shot three men, killing two. It was always Rittenhouse's contention that he'd acted in self-defense, and his arrest galvanized many in the conservative movement who said the prosecution was motivated not by justice but by the political moment. Supporters helped raise $2 million for Rittenhouse's bail, and he ultimately attracted the attention of former President Donald Trump, who defended him while in office and who hosted Rittenhouse at Mar-a-Lago after leaving the White House.

So one of the primary reactions to Rittenhouse's choice for president is that he's guilty of betrayal. Trump and the MAGA movement had his back when his life took its most dire turn, the thinking goes, so Rittenhouse owes them his loyalty at the ballot box. That general sentiment is summed up aptly by the one-and-only Catturd: "I can stomach a lot of things—but backstabbing millions who supported you at your lowest point. Then turning on Trump right after he got shot," he said in a viral post. "Can't stomach it—won't put up with it—forgotten forever."

In other words, Rittenhouse is allegedly in debt to Trump and his followers for supporting his claims of innocence. He was acquitted in 2021 of all charges, including first-degree reckless homicide, two counts of first-degree recklessly endangering safety, first-degree intentional homicide, and attempted first-degree intentional homicide. That was the right decision. And it was the one the jury came to because that is what the evidence clearly supported. The right to self-defense is not selectively available to people with certain views. Rittenhouse owes no one a thing for not getting convicted of charges that prosecutors should not have brought to begin with.

So why did Trump fail to gain Rittenhouse's support? "Unfortunately, Donald Trump had bad advisers making him bad on the Second Amendment, and that is my issue," he said in his video. "If you cannot be completely uncompromisable on the Second Amendment, I will not vote for you." Trump's record includes a bump stock ban, which Reason's Jacob Sullum noted turned "peaceful gun owners into felons by fiat," and his support for red flag laws. Those moves may not be deal-breakers for many people, including other staunch supporters of the Second Amendment. They apparently are for Rittenhouse. It's his one vote, and he can do with it what he wants.

Yet his announcement also elicited what has become the predictable response, on both the left and the right, to similar defections from the mainstream: You're helping elect the other guy. For one, that vastly overstates the power of a vote—an unpopular thing to say, sure, but true nonetheless. And it's particularly true for Rittenhouse, who lives in the Dallas–Fort Worth area; if he's casting his vote there, I'm going to go out on a limb and assume it will not derail Trump's electoral victory in Texas, which is almost assured.

But even if it were true that Rittenhouse's vote would have some sort of Earth-shattering effect on the outcome of the 2024 election, a vote is earned. It's an expression of support. If neither mainstream option can produce a platform that is sufficiently palatable to someone, they certainly have the prerogative to make that known—by supporting someone else or, gasp, not voting altogether.

After all, no one is entitled to your vote. They're not entitled to it simply because they're a member of a particular political party, and they're not entitled to it for supposedly being less bad than the other side. And they're certainly not entitled to it just because they said supportive things about you in a time of need.

The post Nobody Owes Trump Their Vote. Not Even Kyle Rittenhouse. appeared first on Reason.com.

J.D. Vance Has Changed a Lot Since the Days of Hillbilly Elegy

A pink and yellow background with a current J.D. Vance on the right and an older picture of J.D. Vance on the left | Jeff Malet Photography/Newscom; Tom Williams/CQ Roll Call/Newscom

Vice-presidential nominee J.D. Vance's book, Hillbilly Elegy, came out in 2016—a few months before Donald Trump won a surprising presidential victory thanks in part to widespread support from within the Appalachian hollers that Vance wrote about. Although he grew up in southwestern Ohio, Vance's family was from the mountains of hard-scrabble eastern Kentucky.

"Elegy" offers a thought-provoking account of the difficulty poor people face as they try to transcend their circumstances. "How much of our lives, good and bad, should we credit to our personal decisions, and how much is just the inheritance of our culture, our families, and our parents who have failed their children?" he asked. The movie was less compelling, but it reinforced that point.

Trump recently said the book was about society's unfair treatment of working class men and women, but that suggests he never read it. Actually, the book focused on the ways poor people often sabotage their fleeting opportunities and blame others for their predicament. Vance went on to become a Marine, attend Ohio State, and earn a law degree from Yale.

My wife devoured the book—and was particularly moved by Vance's depictions of his awkward attempts to fit in among his classmates. She also grew up in a small coal town in Appalachia. Her lumberman father died young, leaving a wife and six daughters to subsist on government aid. Like Vance, she received a scholarship. When I met her at George Washington University, she had never taken a taxi, been in an elevator, or dined at a fancy restaurant.

Unfortunately, author Vance seems far different from vice-presidential nominee Vance. Power is tempting, but Donna and I have nevertheless cringed as he has espoused positions that seem at odds with his book's central point. Instead of recognizing that the American Dream is alive and well—and all of her sisters have lived successful lives—he now blames outsiders for the plight of the working class.

Vance also pitches big-government economic "populist" ideas and engages in nativism. His critics have pointed to his apparent hypocrisy. After all, he's a middle-class Midwestern suburbanite who attended an Ivy League school, married the daughter of immigrants, and is backed by Bay Area techies. I suspect his embrace of an ideology explains this shift more than raw ambition.

Tell-tale signs come from his speech at the Republican National Convention: "America is not just an idea. It is a group of people with a shared history and a common future. … (W)hen we allow newcomers into our American family, we allow them on our terms." He said that generations of Kentuckians died in wars and are buried in his family's cemetery, noting that, "People will not fight for abstractions, but they will fight for their homes."

I've read myriad critiques on some of Vance's statements, including noxious ones blasting childless cat ladies. That's basically right-wing edge-lording. But the fiercest critique comes in an Atlantic column addressing Vance's "insult to America." Writer Jessica Gavora recalls her dad's harrowing escape from Czechoslovakia after Soviet forces overran it: "My dad came here for a reason, and it wasn't the dirt of a graveyard."

I agree with Gavora, but then again my dad fled Nazi Germany and my maternal grandparents fled Russian pogroms. Almost all of the immigrants I meet—around here they're mostly from Latin America, Russia, and India—are among the most patriotic people I meet. My wife's Appalachian ancestors hailed from Poland before heading to work in the Pennsylvania coal fields. And what's this about requiring them to submit to "our terms"?

Vance's statement defines the central dividing line between paleo-conservatives such as Patrick Buchanan—and classical liberals such Ronald Reagan. The former believe America is a nation built by and for a specific people. They dislike free markets, which are corrosive of their cultural preferences. They want to vastly limit immigration. They have no problem with big government as long as they control it.

By contrast, classical liberals believe America is based on the universal idea of freedom and economic opportunity. They focus on reducing the size and power of government—and creating opportunities for everyone wherever they or their ancestors were born. Classical liberals may want an orderly immigration process, but they're more interested in turning immigrants into Americans than sending them home.

Classical liberals—and I count myself among them—view free trade as a wonder, not a threat. And while I'm a long-time critic of America's endless foreign interventions and wars, I care (unlike Vance) about what happens in Ukraine. We believe in liberty for everyone, not just members of our clan.

The Democratic Party is hostile to freedom and progress in its own unique and terrifying ways. But I wish the Vance who wrote "Hillbilly Elegy"—rather than paleo-conservative changeling we now see on display—were the one on the GOP ticket to make that case.

This column was first published in The Orange County Register.

The post J.D. Vance Has Changed a Lot Since the Days of <em>Hillbilly Elegy</em> appeared first on Reason.com.

Vivek Ramaswamy: Is There a Libertarian-Nationalist Alliance?

Pictures of Vivek Ramaswamy, Donald Trump, Liz Wolfe, and Zach Weissmueller with the Reason logo, the Just Asking Questions logo, and the words "Libertarian or nationalist?" all in white | Mark Reinstein/ZUMAPRESS/Newscom | Graphic by John Osterhoudt

Is the future of the GOP more libertarian, nationalist, or, somehow, both?

Joining us today is Vivek Ramaswamy, entrepreneur, author, and former presidential candidate. He's been making a hard pitch for what he's called a "libertarian-nationalist alliance" for the past several months. He was at the 2024 Libertarian National Convention where he tried to convince libertarians to vote Republican. Reason's Zach Weissmueller also saw Ramaswamy at the Republican National Convention, where he was trying to convince MAGA supporters to be more libertarian. Reason's Stephanie Slade saw him make his case for "national libertarianism" at the National Conservatism Conference. That event was also attended by vice presidential candidate J.D. Vance, who has a different vision for the conservative movement. Those dueling visions are the subject of today's episode.

Note: This episode is plagued by technical issues due to a software malfunction. With the exception of an approximately nine-minute section (which is marked in the episode), the full conversation is intact.

Watch the full conversation on Reason's YouTube channel or the Just Asking Questions podcast feed on AppleSpotify, or your preferred podcatcher.

Sources referenced in this conversation:

  1. Vivek Ramaswamy's full talk at the National Conservatism Conference
  2. J.D. Vance's full talk at the National Conservatism Conference
  3. "Vivek Ramaswamy Debuts 'National Libertarianism' at NatCon 4," by Stephanie Slade
  4. Vivek Ramaswamy: Don't "replace the left-wing nanny state with a right-wing nanny state."
  5. "What I Learned From Paleoism," by Llewellyn Rockwell

The post Vivek Ramaswamy: Is There a Libertarian-Nationalist Alliance? appeared first on Reason.com.

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© Mark Reinstein/ZUMAPRESS/Newscom | Graphic by John Osterhoudt

Pictures of Vivek Ramaswamy, Donald Trump, Liz Wolfe, and Zach Weissmueller with the Reason logo, the Just Asking Questions logo, and the words "Libertarian or nationalist?" all in white

J.D. Vance Wants To Control You With Taxes

J.D. Vance speaks at the Republican National Convention in July | John J. Kim/TNS/Newscom

Republican vice presidential nominee J.D. Vance has been in the news for an old clip of him talking about how the tax code should punish adults without kids. While Vance's proposal probably aims to address demographic concerns, it represents a misguided approach that contradicts fundamental principles of economic freedom and fairness.

And you know what? That's precisely what our tax code already does, in this case and many others.

Using the tax code to "reward" parents and "punish" nonparents is at odds with the idea of a neutral, efficient tax system. In an ideal and fair world, the tax base would be broad but taxed at a low rate. People making the same income should be paying the same level of taxes no matter how they choose to live their lives.

Unfortunately, the tax code is neither fair nor neutral. It punishes and rewards all sorts of behaviors based on what government officials decide is good or bad.

For instance, the tax code does, in fact, treat people with kids more favorably than it treats those who do not have kids.* There's the child tax credit, of course. Then there's the earned income tax credit, which is more generous for families with children than those without. And there is no shortage of other provisions, such as a very significant deduction for heads of households and another for dependent care, which do the same thing.

It's hard to know what Vance's proposal really entails. Does he want another surtax on childless parents? Does he want to expand the child tax credit and make it a universal basic income like many conservatives and progressives want? It's also unclear whether he is simply failing to see that our tax code already delivers on his wishes and punishes childless adults. Either way, I assume he is well intentioned and that he is rightfully concerned about the decline in fertility we are witnessing not just in this country but across the world.

Unfortunately, punishing childless parents with additional taxes wouldn't boost fertility. For one thing, we've had a child tax credit since the 1990s, and the tax break has been regularly extended. That hasn't encouraged people to have more kids.

That's not unique to the child tax credit. Lots of evidence exists showing that government programs of all sorts meant to encourage, reward, or stimulate the supply of babies usually fail. One of the most dramatic examples is South Korea. The country has spent over $200 billion on such policies over the past 16 years, and fertility rates are still falling.

There isn't any doubt that more people, and hence more babies, are a boon for our lives and our economy. But that alone isn't a good reason for government subsidies. And while raising kids is expensive, that's no justification for a government tax break, either.

Besides, careful studies have shown the cost of raising a child in America has been decreasing for six decades. In the end, rather than rewarding families with lesser taxes at the expense of childless adults, I would encourage advocates to focus on removing existing government barriers—like overzealous policies that make child care more expensive without making kids measurably safer—that make life more complicated for families.

Ultimately, these are only secondary aspects of a much bigger debate. Our tax code is incredibly unfair. It's not just childless adults that face a surcharge compared to parents. Tax breaks for homeowners mean that renters pay more money for the same amount of housing. Households which include a college student pay less in taxes. People who can afford an electric vehicle can secure a tax break that others cannot.

These tax breaks for some are not just unfair to the taxpayers who don't get them—they also turn our tax code into a complicated mess that requires many millions of collective hours to comply with. Instead of adding more complexity and bias, we should be moving in the opposite direction—toward a simpler, flatter, and more neutral code that treats all taxpayers equally.

Using the tax code as a tool for social engineering is misguided. It leads to economic inefficiencies and infringes on individual liberty. Rather than doubling down on the problematic aspects of our current system, we should be working toward comprehensive reform. Only then can we hope to see taxes as something that truly serves the interests of all Americans, regardless of their personal choices.

COPYRIGHT 2024 CREATORS.COM

*CORRECTION: The original version of this article misstated in part who benefits more from the current tax code.

The post J.D. Vance Wants To Control You With Taxes appeared first on Reason.com.

The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture

Money on fire | Illustration: Lex Villena; Dall-E

Congressional Budget Office (CBO) projections provide valuable insights into how a big chunk of your income is being spent and reveal the long-term consequences of our government's current fiscal policies—you may endure them, and your children most certainly will. Yet, like most other projections looking into our future, these numbers should be taken with a grain of salt. So should claims that CBO projections validate anyone's fiscal track record.

So much can and likely will happen to make projections moot and our fiscal outlook much grimmer. Unforeseen events, economic changes, and policy decisions render them less accurate over time. The CBO knows this and recently released alternative scenarios based on different sets of assumptions, and it doesn't look good. It remains a wonder that more politicians, now given a more realistic range of possibilities, aren't behaving like it.

First, let's recap what the situation looks like under the usual rosy growth, inflation, and interest rate assumptions. Due to continued overspending, this year's deficit will be at least $1.6 trillion, rising to $2.6 trillion by 2034. Debt held by the public equals roughly 99 percent of our economy—measured by gross domestic product (GDP)—annually, heading to 116 percent in 2034.

The only reason these numbers won't be as high as projected last year is that a few House Republicans fought hard to impose some spending caps during the debt ceiling debate. The long-term outlook is even scarier, with public debt reaching 166 percent of GDP in 30 years and all federal debt reaching 180 percent.

No one should be surprised. To be sure, the COVID-19 pandemic and the Great Recession made things worse, but we've been on this path for decades.

Unfortunately, if any of the assumptions underlying these projections change again, things will get a lot worse. That's where the CBO's alternative paths help. Policymakers and the public can better see the potential risks and opportunities associated with various fiscal policy choices, enabling them to make more informed decisions.

For instance, the CBO highlights that if the labor force grows annually by just 0.1 fewer percentage points than originally projected—even if the unemployment rate stays the same—slower economic growth will lead to a deficit $142 billion larger than baseline projections between 2025 and 2034. A similarly small slowdown in the productivity rate would lead to an added deficit of $304 billion over that period.

Back in 2020, the prevalent theory among those who claimed we shouldn't worry about debt was that interest rates were remarkably low and would stay low forever. As if. These guys have since learned what many of us have known for years: that interest rates can and will go up when the situation gets bad enough. So, what happens if rates continue to rise above and beyond those CBO used in its projections? Even a minuscule 0.1-point rise above the baseline would produce an additional $324 billion on the deficit over the 2025-2034 period.

The same is true with inflation, which, as every shopper can see, has yet to be defeated. If inflation, as I fear, doesn't go away as fast as predicted by CBO—largely because debt accumulation is continuing unabated—it will slow growth, increase interest rates, and massively expand the deficit. To be precise, an increase in overall prices of just 0.1 points over the CBO baseline would result in higher interest rates and a deficit of $263 billion more than projected.

Now, imagine all these variations from the current projections happening simultaneously. It's a real possibility. The deficit hike would be enormous, which could then trigger even more inflation and higher interest rates. The question that remains is: Why aren't politicians on both sides more worried than they seem to be?

What needs to happen before they finally decide to treat our fiscal situation as a real threat? President Joe Biden doesn't want to tackle the debt issue. In fact, he's actively adding to the debt with student loan forgiveness, subsidies to big businesses, and other nonsense. Meanwhile, some Republicans pay lip service to our financial crisis, but few are willing to tackle the real problem of entitlement spending.

The time for political posturing is over. The longer we wait to address these issues, the more severe the consequences will be for future generations. It's time for our leaders to prioritize the nation's long-term economic health over short-term political gains and take bold steps toward fiscal responsibility. Only then can we hope to secure a stable and prosperous future for all Americans.

COPYRIGHT 2024 CREATORS.COM.

The post The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture appeared first on Reason.com.

Congressional Republicans Launch 'Fishing Expedition' Against Progressive, Jewish, and Palestinian Nonprofits

Columbia University faculty members stand on the steps of The Low Library to protest the ban of Jewish Voice for Peace and Students for Justice in Palestine on the college campus. | Edna Leshowitz/ZUMAPRESS/Newscom

Remember when Republicans were against using the tax cops to go after political opponents? Well, they seem to have changed their minds.

House Oversight Committee Chairman James Comer (R–Ky.) has made no secret of his desire to use finance laws against left-leaning activists. A few months ago, he complained that the IRS was going too easy on progressive nonprofits. Now he's found another angle of attack: insinuating that these organizations are part of an anti-Israel conspiracy.

Comer and House Education Committee Chairwoman Virginia Foxx (R–N.C.) are "investigating the sources of funding and financing for groups who are organizing, leading, and participating in pro-Hamas, antisemitic, anti-Israel, and anti-American protests" on college campuses, they announced in a Tuesday letter.

"This investigation relates both to malign influence on college campuses and to the national security implications of such influence on faculty and student organizations," Comer and Foxx wrote.

Foxx objected when the shoe was on the other foot. In 2013, it was revealed that the IRS had been placing extra scrutiny on nonprofits whose paperwork included terms such as tea party and patriot. Foxx wrote an op-ed criticizing the "outrageous" demands for information that IRS investigators had made.

"The problem at the IRS is with more than the search terms it used. Whether conservative or liberal, targeting Americans is wrong," she stated. "The deeper problem is that government's taxing arm ever came to consider itself the arbiter of what constitutes legitimate free speech in the first place."

Asked about Foxx's earlier statements, her spokesman Alex Ives wrote to Reason that "what you are positing amounts to false equivalencies on many levels." He stated that Foxx was seeking to "ensure groups do not have financial ties to designated Foreign Terrorist Organizations," without citing specific examples.

"Do groups on campuses have a right to free speech? Of course," Ives said. "Do they have a right to have their ties to foreign financiers connected to terror organizations to go unscrutinized? Of course not."

The letter from Foxx and Comer demands that the Department of the Treasury provide all Suspicious Activity Reports, or bulletins on potential tax evasion and money laundering, for 20 different organizations. The list includes Students for Justice in Palestine and its sponsor, the WESPAC Foundation. It also names off-campus Muslim and Palestinian-American groups, Jewish peace movements, and many organizations that are not primarily focused on the Israeli-Palestinian conflict.

"This is part of a broader effort to demonize parts of the tax-exempt sector that a part of the Republican Party views as a key target in the war on woke," says Lara Friedman, president of the nonprofit Foundation for Middle East Peace, which has been tracking Congress' stance on the Israeli-Palestinian conflict. "If you make this about supposedly fighting antisemitism, you bring parts of the Democratic Party with you."

Many of the groups listed are big names in progressive philanthropy: George Soros' Open Society Foundations, the Pritzker family's Libra Foundation, the Rockefeller Brothers Fund, and the Bill & Melinda Gates Foundation.

The Rockefeller organization gave several hundreds of thousands of dollars to Jewish Voice for Peace; another Jewish group for Palestinian rights called IfNotNow; the Adalah Justice Project, a Palestinian-American rights group; and Palestine Legal, a legal aid service for pro-Palestinian advocates in America.

"The RBF has had no direct involvement in the campus protests nor have we earmarked funds for them," Rockefeller Brothers Fund spokeswoman Sarah Edkins said in a statement last week. "Some RBF grantees have provided training, messaging, and/or legal support to student protest leaders. The Fund does not direct the activities of any grantee organizations."

Edkins added that the fund "respects Israel's right to exist and supports the right to self-determination for both the Israeli and Palestinian peoples."

The Open Society Foundations also gave several hundreds of thousands of dollars to Jewish Voice for Peace and IfNotNow, according to Rolling Stone. The grant-making network told Politico that it "has funded a broad spectrum of US groups that have advocated for the rights of Palestinians and Israelis and for peaceful resolution to the conflict in Israel."

It's not clear why the Bill & Melinda Gates Foundation and the Libra Foundation wound up on the list. Last week, Politico named them as supporters of pro-Palestinian protests, because of their donations to the Tides Foundation, a clearinghouse for progressive groups that funds Jewish Voice for Peace, IfNotNow, Adalah, and Palestine Legal. But the Gates and Libra donations were earmarked for other causes.

Jewish Voice for Peace says that the congressional letter is "inaccurate, dangerous and a desperate attempt by right-wing legislators to criminalize public protest. These legislators are falsely and libelously smearing tens of thousands of students as antisemitic, simply because they are protesting the use of their tuition dollars in the massacres of Palestinian families."

Two of the groups listed in the letter, American Muslims for Palestine (AMP) and the Council on American-Islamic Relations, also offered statements to Reason. The Libra Foundation declined to comment, and the Gates Foundation pointed to its comments to Politico. None of the other groups responded to emails asking for comment.

"AMP looks forward to demonstrating in any jurisdiction that it operates wholly within the laws of the United States, compliant with all laws and regulations governing U.S. nonprofit entities," the organization's attorney Christina Jump says. "AMP operates completely within the United States, raises funds completely within the United States, and utilizes those donations completely within the United States to support its mission of educating American Muslims and the American public on the rich history and culture of Palestine."

Edward Ahmed Mitchell, deputy director of the Council on American-Islamic Relations, says that the letter "reads like a bad impersonation of Joseph McCarthy. Instead of advancing the goals of a foreign government by pursuing witch hunts against the American people, Rep. Foxx, Rep. Comer and other genocide-enablers in Congress should focus on washing the blood of over 30,000 slaughtered Palestinian civilians off their hands."

Republicans are not the only ones trying to bring the U.S. tax code into the Israeli-Palestinian conflict. In New York, some Democrats are trying to strip away nonprofit status from organizations that operate in Israeli settlements in the Palestinian territories. New York–based nonprofits have raised money to buy drones for settler militias and to maintain a military academy in a West Bank settlement.

The House Ways and Means Committee held a hearing in November 2023 on the "nexus" between campus protests and "terror financing." Soon after, the House passed a bill allowing the secretary of the treasury to shut down nonprofits based on vague insinuations of terrorist support. Last week, 15 Republican senators called on the IRS to revoke the nonprofit status of any organization that supported Students for Justice in Palestine.

Friedman, the Foundation for Middle East Peace president, believes that the congressional letter is more likely to have a "chilling effect" on nonprofits than to turn up any real evidence of illegal activity.

"It's partly a fishing expedition," she says. "And by lodging an accusation, they hope to paint a picture in the mind of the public."

The post Congressional Republicans Launch 'Fishing Expedition' Against Progressive, Jewish, and Palestinian Nonprofits appeared first on Reason.com.

Reason Is a Finalist for 14 Southern California Journalism Awards

An orange background with the 'Reason' logo in white and the word finalist in white with pink highlight next to the LA Press Club logo in white | Illustration: Lex Villena

The Los Angeles Press Club on Thursday announced the finalists for the 66th Annual Southern California Journalism Awards, recognizing the best work in print, online, and broadcast media published in 2023.

Reason, which is headquartered in L.A., is a finalist for 14 awards.

A sincere thanks to the judges who read and watched our submissions, as well as to the Reason readers, subscribers, and supporters, without whom we would not be able to produce impactful journalism.

Senior Editor Elizabeth Nolan Brown is a finalist for best technology reporting across all media platforms—print, radio, podcast, TV, and online—for her November 2023 print piece, "Do Social Media Algorithms Polarize Us? Maybe Not," in which she challenged what has become the traditional wisdom around the root of online toxicity:

For years, politicians have been proposing new regulations based on simple technological "solutions" to issues that stem from much more complex phenomena. But making Meta change its algorithms or shifting what people see in their Twitter feeds can't overcome deeper issues in American politics—including parties animated more by hate and fear of the other side than ideas of their own. This new set of studies should serve as a reminder that expecting tech companies to somehow fix our dysfunctional political culture won't work.

Science Reporter Ronald Bailey is a finalist for best medical/health reporting in print or online for "Take Nutrition Studies With a Grain of Salt," also from the November 2023 issue, where he meticulously dissected why the epidemiology of food and drink is, well, "a mess":

This doesn't mean you can eat an entire pizza, a quart of ice cream, and six beers tonight without some negative health effects. (Sorry.) It means nutritional epidemiology is a very uncertain guide for how to live your life and it certainly isn't fit for setting public policy.

In short, take nutrition research with a grain of salt. And don't worry: Even though the World Health Organization (WHO) says "too much salt can kill you," the Daily Mail noted in 2021 that "it's not as bad for health as you think."

Managing Editor Jason Russell is a finalist in print/online sports commentary for his August/September 2023 cover story, "Get Your Politics Out of My Pickleball," which explored the emerging fault lines as the government gets involved in America's weirdest, fastest-growing sport:

Pickleball will always have haters—and if its growth continues, local governments will still face public pressure to build more courts. Some critics think the sport is a fad, but strong growth continues for the time being, even as the COVID-19 pandemic ends and other activities compete for time and attention. There's no need to force nonplayers to support it with their tax dollars, especially when entrepreneurs seem eager to provide courts. If pickleball does end up as an odd footnote in sporting history, ideally it won't be taxpayers who are on the hook for converting courts to new uses.

Reporter C.J. Ciaramella is a finalist in magazine investigative reporting for his October 2023 cover story, "'I Knew They Were Scumbags,'" a nauseating piece on federal prison guards who confessed to rape—and got away with it:

Berman's daughter, Carleane, was one of at least a dozen women who were abused by corrupt correctional officers at FCC Coleman, a federal prison complex in Florida. In December, a Senate investigation revealed that those correctional officers had admitted in sworn interviews with internal affairs investigators that they had repeatedly raped women under their control.

Yet thanks to a little known Supreme Court precedent and a culture of corrupt self-protection inside the prison system, none of those guards were ever prosecuted—precisely because of the manner in which they confessed.

Senior Editor Jacob Sullum is a finalist in magazine commentary for "Biden's 'Marijuana Reform' Leaves Prohibition Untouched," from the January 2023 issue, in which he disputed the notion that President Joe Biden has fundamentally changed America's response to cannabis:

By himself, Biden does not have the authority to resolve the untenable conflict between state and federal marijuana laws. But despite his avowed transformation from an anti-drug zealot into a criminal justice reformer, he has stubbornly opposed efforts to repeal federal pot prohibition.

That position is contrary to the preferences expressed by more than two-thirds of Americans, including four-fifths of Democrats and half of Republicans. The most Biden is willing to offer them is his rhetorical support for decriminalizing cannabis consumption—a policy that was on the cutting edge of marijuana reform in the 1970s.

Editor in Chief Katherine Mangu-Ward is a finalist for best magazine columnist for "Is Chaos the Natural State of Congress?" from the December 2023 issue, "Don't Just Hire 'Better Cops.' Punish the Bad Ones," from the April 2023 issue, and (a personal favorite) "Bodies Against the State," from the February 2023 issue:

Governments do unconscionable things every day; it is in their nature. But not all transgressions are equal. In the wake of the Iran team's silent anthem protest, an Iranian journalist asked U.S. men's soccer captain Tyler Adams how he could play for a country that discriminates against black people like him. What makes the U.S. different, he replied, is that "we're continuing to make progress every day."

The most perfect and enduring image of a person weaponizing his body against the state was taken after the brutal suppression of protests in Tiananmen Square in 1989. The unknown Chinese man standing in front of a tank didn't have to hold a sign for the entire world to know exactly what the problem was.

Reporter Christian Britschgi is a finalist for best long-form magazine feature on business/government for "The Town Without Zoning," from the August/September 2023 issue, in which he reported on the fight over whether Caroline, New York, should impose its first-ever zoning code:

Whatever the outcome, the zoning debate raging in Caroline is revealing. It shows how even in a small community without major enterprises or serious growth pressures, planners can't adequately capture and account for everything people might want to do with their land.

There's a gap between what zoners can do and what they imagine they can design. That knowledge problem hasn't stopped cities far larger and more complex than Caroline from trying to scientifically sort themselves with zoning. They've developed quite large and complex problems as a result.

Associate Editor Billy Binion (hi, it's me) is a finalist for best activism journalism online for the web feature "They Fell Behind on Their Property Taxes. So the Government Sold Their Homes—and Kept the Profits," which explored an underreported form of legalized larceny: governments across the U.S. seizing people's homes over modest tax debts, selling the properties, and keeping the surplus equity.

Geraldine Tyler is a 94-year-old woman spending the twilight of her life in retirement, as 94-year-olds typically do. But there isn't much that's typical about it.

Tyler has spent the last several years fighting the government from an assisted living facility after falling $2,300 behind on her property taxes. No one disputes that she owed a debt. What is in dispute is if the government acted constitutionally when, to collect that debt, it seized her home, sold it, and kept the profit.

If that sounds like robbery, it's because, in some sense, it is. But it's currently legal in at least 12 states across the country, so long as the government is doing the robbing.

Senior Producer Austin Bragg, Director of Special Projects Meredith Bragg, Producer John Carter, and freelancer extraordinaire Andrew Heaton are finalists for best humor/satire writing across all broadcast mediums—TV, film, radio, or podcast—for the hilarious "Everything is political: board games," which "exposes" how Republicans and Democrats interpret everyone's favorite games from their partisan perspectives. (Spoiler: Everyone's going to lose.)

The Bragg brothers are nominated again in that same category—best humor/satire writing—along with Remy for "Look What You Made Me Do (Taylor Swift Parody)," in which lawmakers find culprits for the recent uptick in thefts—the victims.

Deputy Managing Editor of Video and Podcasts Natalie Dowzicky and Video Editor Regan Taylor are finalists in best commentary/analysis of TV across all media platforms for "What really happened at Waco," which explored a Netflix documentary on how the seeds of political polarization that roil our culture today were planted at Waco.

Editor at Large Matt Welch, Producer Justin Zuckerman, Motion Graphic Designer Adani Samat, and freelancer Paul Detrick are finalists in best activism journalism across any broadcast media for "The monumental free speech case the media ignored," which made the case that the legal odyssey and criminal prosecutions associated with Backpage were a direct assault on the First Amendment—despite receiving scant national attention from journalists and free speech advocates.

Associate Editor Liz Wolfe, Senior Producer Zach Weissmueller, Video Editor Danielle Thompson, Video Art Director Isaac Reese, and Producer Justin Zuckerman are finalists in best solutions journalism in any broadcast media for "Why homelessness is worse in California than Texas," which investigated why homelessness is almost five times as bad in the Golden State—and what can be done about it.

Finally, Senior Producer Zach Weissmueller, Video Editor Danielle Thompson, Video Art Director Isaac Reese, and Audio Engineer Ian Keyser are finalists in best documentary short for "The Supreme Court case that could upend the Clean Water Act," which did a deep dive into a Supreme Court case concerning a small-town Idaho couple that challenged how the Environmental Protection Agency defines a "wetland"—and what that means for property rights.

Winners will be announced on Sunday, June 23 at the Millennium Biltmore Hotel in downtown Los Angeles. Subscribe to Reason here, watch our video journalism here, and find our podcasts here.

The post <em>Reason</em> Is a Finalist for 14 Southern California Journalism Awards appeared first on Reason.com.

Democrats and Republicans Unite To Give Weapons Manufacturers $59 Billion

Unfinished 155mm shells at the Scranton Army Ammunition Plant. | Aimee Dilger / SOPA Images/Sipa USA/Newscom

The House of Representatives passed a $95 billion military spending package over the weekend, including $59 billion in weapons purchases in three separate bills. The aid package had been held up because some Republicans opposed more aid to Ukraine. Those concerns melted away after this month's Iranian-Israeli clashes.

The Senate already passed a similar $95 billion package two months ago, so the new House spending bills should pass the Senate and make it to President Joe Biden's desk quickly. The House package also includes a fourth "national security" bill with measures that the Senate has not voted on, including the forced sale of TikTok and new economic sanctions on Iran and Russia.

"Today, members of both parties in the House voted to advance our national security interests and send a clear message about the power of American leadership on the world stage," Biden declared in a statement after the legislation passed.

The White House advertised these bills as an aid package for Ukraine, Israel, and friendly nations in the Indo-Pacific region, such as Taiwan. But the bulk of the money will go directly into the American military-industrial complex. The package includes $29.5 billion to replenish stockpiles of American weapons given to Ukraine, Israel, and Indo-Pacific allies as well as another $29.5 billion for the development, production, and procurement of new weapons.

The wars in Eastern Europe and the Middle East have burned through stockpiles of American ammunition and missiles faster than they can be replaced, and American factories will have trouble keeping up even if more money is thrown at them.

Some non-American weapons manufacturers are also poised to rake in taxpayers' money from the aid package. The U.S. government will spend $5.2 billion on Israel's Iron Dome, Iron Beam, and David's Sling defense systems, produced by an Israeli company, Rafael Advanced Defense Systems. And the Indo-Pacific bill loosens rules for spending Defense Production Act money on British and Australian companies. The United States, Britain, and Australia are working together on the AUKUS submarine project.

Supporters of the aid package have claimed that Ukraine and Israel are fighting so that American troops don't have to. But the bills themselves make it clear how much heavy lifting the U.S. military is already doing in these wars. They include $11.3 billion to support an American military buildup in Europe, and $2.4 billion for American military operations in the Middle East.

U.S. forces have bombed the Houthi movement that is threatening Israeli shipping in the Red Sea, shot down most of the Iranian missiles and drones en route to Israel, and flown surveillance drones over Gaza in order to provide intelligence to the Israeli army.

The United States is at risk of getting dragged further into these conflicts, as the Biden administration has been having trouble controlling its proxies. Israel bombed an Iranian consulate without consulting with Washington, leading to last week's Iranian-Israeli dustup. Meanwhile, Ukraine has refused U.S. calls to stop attacking inside Russian territory.

While pumping money into the wars, the package also provides aid to people that the wars have made homeless. The bills allot around $9 billion to refugee aid and other humanitarian relief, on the condition that none of the money is spent on the United Nations Relief and Works Agency, the Palestinian refugee organization that Israel has accused of supporting Hamas. (The agency, for its part, has accused Israel of torturing its employees into confessing alleged Hamas ties.)

And as usual, the spending package includes a hodgepodge of unrelated or only vaguely related items: $98 million for the Department of Energy to produce nuclear isotopes, $250 million for the World Bank's emergency response fund, $75 million for Middle Eastern border agencies fighting drug smuggling, and $390 million for the Federal Emergency Management Agency to help nonprofit organizations defend their facilities from terrorism.

The legislative package was designed to prevent either Democratic or Republican dissidents from derailing it. Speaker of the House Mike Johnson (R–La.) broke the aid package apart into three separate bills, then put them back together again after they passed. That way, votes against aid to Ukraine did not count against aid to Israel, and vice versa.

It was a compromise between the Biden administration, which wanted to send Ukraine and Israel aid together, and Republicans, who wanted to vote on aid to Israel separately. Ukrainian President Volodymyr Zelensky and CIA Director Bill Burns have personally lobbied Johnson over the past two months, according to CNN, as Ukrainian troops have lost ground to Russia.

Johnson appealed heavily to conservative Christian feelings about Israel when trying to sell Republicans on the package. "Of course, for those of us who are believers, it's a Biblical admonition to stand with Israel," he told Newsmax on Friday.

The Ukraine-focused bill passed 311–112, with unanimous Democratic support and some Republican support. Many Democrats cheered and waved Ukrainian flags during the vote. Johnson snapped at them: "We should only wave one flag on the House floor, and I think we know which flag that is."

The Israel-focused bill passed 366–58, with the vote mixed across party lines. Although Democrats have led criticism of Israel's treatment of Palestinians and Republicans have traditionally taken a hawkish pro-Israel line, a few Republicans took a stand against spending taxpayers' money on the Israeli military.

"If Congress wants to send money to Israel, then we should defund the United Nations first," Rep. Matt Gaetz (R–Fla.) said on social media. "I have concerns about all deficit spending when sending money to any country, even if that country is a great ally or under attack."

The libertarian-leaning Rep. Thomas Massie (R–Ky.), who is now supporting an effort to oust Johnson, told Fox News that the military spending package was Johnson's "third betrayal" of his base, after helping pass an omnibus spending bill and reauthorize mass surveillance.

"He's the uniparty speaker now," Massie said.

The post Democrats and Republicans Unite To Give Weapons Manufacturers $59 Billion appeared first on Reason.com.

A Bipartisan Tax Hike Won't Fix This Deficit

Rep. Jodey Arrington (right) and Rep. Brendan Boyle (left) talk during a House Budget Committee markup | Tom Williams/CQ Roll Call/Newscom

The Republican chairman of the House Budget Committee made news recently by announcing that if his party is serious about changing the fiscal path we are on, they'll have to consider raising taxes. Politics is about compromise, so the chairman is right. Every side must give a little. However, "putting taxes on the table" is not as simple a fix to our debt problems as some think.

Looking at recent Congressional Budget Office reports, one can have no doubts about the fiscal mess. Annual deficits of $2 trillion will soon be the norm. Interest payments on the debt will exceed both defense and Medicare spending this year and become the government's largest budget item. With no extra revenue available, the Treasury will have to borrow money to cover these expenses. Meanwhile, we're speeding toward a Social-Security-and-Medicare fiscal cliff that we've known of for decades, and we'll reach it in only a few years.

Talking about the need for a fiscal commission to address Washington's mountain of debt, the committee chair, Rep. Jodey Arrington (R–Texas), told Semafor, "The last time there was a fix to Social Security that addressed the solvency for 75 years, it was Ronald Reagan and Tip O'Neill, and it was bipartisan. It had revenue measures and it had program reforms. That's just the reality." He made these comments after some people warned that a fiscal commission is a gateway only to raising taxes.

I understand the worry. That's what the most recent deficit reduction commission tried to do. And while I don't believe this is what Arrington is planning, I offer a warning to the chair and to the future commission: If the goal is truly to improve our fiscal situation, as defined by reducing the ratio of debt to gross domestic product (GDP) or reducing projected gaps between revenue and spending, increasing tax revenue should be limited to the minimum politically possible.

For one thing, our deficits are the result of excessive promises made to special interests—mostly seniors in the form of entitlement spending—without any real plans to pay. The problem is constantly growing spending, not the lack of revenue and taxes. The common talking point from the left that rich people don't pay their fair share of taxes is a distraction. Not only is our tax system remarkably progressive, but there are not enough rich people to fleece to significantly reduce our future deficits.

Furthermore, the work of the late Harvard economist Alberto Alesina has established that the best way to successfully reduce the debt-to-GDP ratio is to implement a fiscal-adjustment package based mostly on spending reforms. A reform mostly geared toward tax increases will backfire as the move will slow the economy in the short and longer terms, causing it to ultimately fail to raise enough revenue to reduce the debt relative to GDP. Legislators, unfortunately, have made this mistake many times without learning any lesson—at least until the deal that was cut in 1997.

As a 2011 New York Times column by Catherine Rampell reminded us, until then, all deficit-reduction deals were very tax-heavy. What the article didn't mention is that they failed to reduce the deficit. What distinguishes the 1997 deal is that it cut both spending and taxes. The result was the first budget surplus in decades helped by a fast-growing economy. Now, this lesson doesn't mean that a fiscal commission must cut taxes, but it does caution against attempting to reduce the debt largely by raising taxes.

Another risk looms in the idea of a tax-and-spending compromise; that the tax increases will be implemented while the spending cuts won't. We have many examples of this pattern, but I'll recount just one: In 1982, President Ronald Reagan made a deal with Congress (the Tax Equity and Fiscal Responsibility Act) which would have raised $1 in revenue for every $3 in spending cuts.

There were tax hikes, indeed. But instead of spending cuts, Reagan got lots of spending increases. Remembering the story years later in Commentary magazine, Steven Hayward wrote, "By one calculation, the 1982 budget deal actually resulted in $1.14 of new spending for each extra tax dollar."

The moral of this story is that putting revenue on the table to reduce the debt has a bad track record. As such, the chairman, who I believe is serious about putting the U.S. on a better fiscal path, will have to be careful about whatever deal is made.

COPYRIGHT 2024 CREATORS.COM.

The post A Bipartisan Tax Hike Won't Fix This Deficit appeared first on Reason.com.

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