In the City Journal, E.J. McMahon bemoans New York Governor Kathy Hochul’s plan to distribute “inflation refunds” of surplus sales tax revenue to middle/lower-income state residents. Inflation-indexing the state’s income tax code, McMahon notes, would be fairer and more effective – as well as ongoing – but instead Hochul is doling out one-time cash to her voting base.
Javier Milei Shows how it’s Done
The “chainsaw” taken by Argentina’s new-ish president, Javier Milei, to his battered nation’s bloated bureaucracy, catastrophic finances and – perhaps most important – failed leftist governing dogmas has worked magic. As David Harsanyi notes in Jewish World Review, Argentina’s public service has shrunk by tens of thousands, the budget is nearly in balance, inflation has plunged, trade is reviving and wages are inching up. The lessons for Canada and the U.S. are clear.