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Friday, June 15, 2012

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Investors Business Daily

Texas, Red States Beat Blue States On Jobs, Growth

Texas outperformed every other state in the nation on jobs and growth over the past decade, according to the latest annual report on state economic performance released Thursday by the American Legislative Exchange Council. Michigan came in dead last. The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011. The ALEC report also finds that Utah has the best economic outlook this

Immigration Bill Fix May Cut ObamaCare Employer Fine

The Senate Gang of Eight is working to fix the unintended hiring advantage their bill would give to newly legalized immigrants over U.S. citizens as a side effect of ObamaCare. A careful analysis suggests that any politically realistic fix likely has to involve sharply reducing the health law's employer fines. As first reported by IBD, many employers will owe up to $3,000 per full-time worker who taps ObamaCare's insurance exchange

CBO: Obama Vastly Exaggerated Deficit Cuts In Budget

President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday. When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most

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