Wall Street Journal

WSJ Editorial: Mitt Romney's Taxes Too High!
January 23, 2012

Don't miss today's Wall Street Journal editorial explaining why Mitt Romney is actually getting soaked by the Internal Revenue Service. "The White House and its media allies figure they've now got their stereotype of the Monopoly man," the Journal moans, "albeit without his cane and top hat, who they can crush in their planned class-warfare campaign." Well, yeah. He did say his effective tax rate is about 15 percent, thanks to preferential treatment for capital gains and carried interest.

Romney's 15-Percent Problem
January 17, 2012

Would it be possible for Mitt Romney to handle the problem of his tax returns any worse than he has? By withholding them as he has, he has built up anticipation among political reporters who could generally care less about such matters. Romney's equivocating answer in the debate last night about whether he would release the returns sent Fox News' audience-response "hedge-ometer" machine literally off the charts. Then this morning he went ahead and confirmed the most salient fact in the returns: that he pays a rate of only about 15 percent.

Poor Newt: He Once Endorsed Universal Coverage
December 28, 2011

Newt Gingrich is catching grief, again, for some newly discovered statements about health care. But these statements are a bit different from the ones that created previous controversies. I’m genuinely interested to know whether Republicans consider them heretical – and, if so, why. The statements come from a 2006 edition of “Newt Notes,” a newsletter published by the Center for Health Care Transformation, Gingrich's think tank. The comments had disappeared from public view until Brody Mullins and Janet Adamy of the Wall Street Journal found them, using a tool that retrieves old web pages.

How Are Dems Winning the Payroll Tax Cut Fight?
December 21, 2011

At first glance, it’s not at all clear that the Democrats should be dominating the PR fight over the payroll tax-cut extension that's stalemated Congress. When the music stopped on the congressional debate, the GOP-controlled House had passed a year-long extension of the tax cut while the Senate had only passed a two-month extension, and the White House had endorsed the latter.

Journal Editpage Nails It!
December 21, 2011

Words I never thought I'd write: If you want to know what happened yesterday in the House of Representatives, skip the Washington Post's Page One news story and read the Wall Street Journal's lead editorial instead. It's more accurate. The Post story, by Rosalind S. Helderman and Paul Kane, portrays the impasse over extending the payroll-tax cut as a classic partisan conflict.

Does Romney Have an IMF Problem?
December 09, 2011

[Guest post by Jarad Vary] Any time you hear about a sensible idea to help keep the world economy afloat, you can bet on two things: First, Mitt Romney will probably give it a tepid thumbs up. Second, Republican lawmakers will make him sorry he did. After all-night negotiations in Brussels, this morning International Monetary Fund chief Christine Lagarde made an encouraging announcement: EU countries had promised $267 billion to boost the Fund’s lending capacity.

Entitlement Society, To A Samba Beat
December 09, 2011

Mitt Romney's response this week to President Obama's populist speech in Kansas was to warn that Obama "seeks to replace our merit-based society with an entitlement society." Daniel Henninger went even further in his op-ed yesterday in the Wall Street Journal, declaring the speech "what you'd expect to hear in Caracas or Buenos Aires." It's funny that Henninger should make the South American comparison.

The Establishment vs. Newt: A Long List of Republicans Who Want Anybody But Gingrich
December 09, 2011

As a former Republican House speaker and veteran of the culture wars of the 1990s, Newt Gingrich understandably earned his share of liberal detractors. But who knew how many enemies he’d made among the Republican political elite? As Gingrich’s recent surge in the polls moves ever closer to bearing electoral fruit in the Iowa Caucuses, it’s fair to say that the GOP political establishment is freaking out.

The GOP vs. TR
December 07, 2011

One of the reasons that it was clever for Obama to give his Dec.

Alan Reynolds Vs. Inequality
December 06, 2011

When you're a conservative and you find yourself stumbling over the inequality issue, who you gonna call? Alan Reynolds, senior fellow with the Cato Institute! And so Reynolds is once again on the Wall Street Journal editorial page declaring that income inequality is a statistical illusion brought about by technical changes in the tax law that alter what income gets reported to the Internal Revenue Service and what income does not.