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The Joe Biden administration has proposed an array of corporate tax increases with a goal of raising some $1.33 trillion over the next 10 years. That’s three times the $409 billion that the Congressional Budget Office estimated was the cost of the 2017 corporate tax cut. To get a clear picture of who will pay these new taxes, Americans need to understand who benefited from the 2017 corporate tax cut, explain Phil Gramm and Mike Solon.
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Nicholas Eberstadt and Ashton Verdery write that to a degree that China’s leaders may not yet anticipate, the changing structure of the Chinese family poses a threat to the country’s great-power ambitions in the decades to come.
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More than 60 million Americans are fully vaccinated for COVID-19, and the number rises daily. But some people aren’t willing or easily able to get vaccinated, and others won’t be able to get the shot for medical reasons, such as immune suppression. Another good weapon for the COVID-19 arsenal would be a safe and effective drug that could be taken at home, argue Scott Gottlieb and Mark McClellan.
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President Joe Biden’s initiative to give US households a monthly check based on the number of children they have could be a game changer. Progressives celebrate the program as an antidote to child poverty. Conservatives fret that it will give low-income parents the opportunity to avoid work. Those views are worth discussing, but both miss the real problem with Biden’s plan, writes Michael Strain.
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Late last month, in the first senior face-to-face meeting between the new Joe Biden administration and Chinese national security officials, many were stunned to watch what had been a simmering dispute burst into the open. What should have been an anodyne four-minute photo op turned into an hour-plus angry war of words. Communist Party General Secretary Xi Jinping has begun training weapons once aimed against domestic competitors outward for a few years now. There are many examples, but there is no better canary in the Chinese coal mine than Australia, warns Danielle Pletka.
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Research Spotlight
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In a new report, Michael Mazza argues that Beijing should be stripped of hosting the 2022 Winter Olympics to best ensure the health and safety of athletes, officials, journalists, and spectators and to hold China accountable for its many misdeeds.

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