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Base Policies on Reality – Not Myths, Models, Misinformation and Fearmongering

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From the Frontier Centre for Public Policy

By Paul Driessen

Donald Trump and JD Vance have a mandate on energy, economic, immigration and other issues that won them 50% of popular, 58% of electoral and 82% of US county votes.

On January 20 they will begin tackling the numerous problems bequeathed them by the Biden-Harris Administration and Washington Deep State: illegal immigration of criminals, terrorists and opportunists; outrageous government spending by bloated federal agencies; wars and crises across the globe; and federal and state politicians and bureaucrats determined to slow or stymie their every move.

Mr. Trump will let the DOGE out, to cut government waste. Pundits and political pros are offering advice across the board. My suggestions center on the “climate crisis” and the destructive policies it has justified.

1. First and foremost, withdraw the United States from the 2015 Paris climate straitjacket. Its terms and subsequent agreements require that the USA and other industrialized nations switch from fossil fuels to “clean renewable” energy and de-modernize agricultural and other practices, to eliminate “greenhouse gas” (GHG) emissions. That would bring blackouts, de-industrialization and job losses.

It would also mean now-rich nations must pay developing countries $300 billion per year for climate damage “compensation” and renewable energy financing. But China, India and other developing countries need not cut emissions and will continue using coal, oil and natural gas in ever-increasing quantities, to modernize, create vibrant economies and lift more people out of poverty. That would mean even zero fossil fuel use by Western nations would not reduce global atmospheric GHG levels at all.

Better yet, send the Paris document to Congress for Article II Senate advice and two-thirds consent. President Obama’s sly move of calling this accord a mere “agreement” that required no Senate “treaty” review cannot be countenanced. Paris was among the most far-reaching, impactful agreements in US history. It affects our energy, economy, jobs, living standards, healthcare, national security and more. It’s a treaty and should be treated as such.

2. Equally important, eliminate the institutionalized junk science, assertions and fearmongering that fossil fuel use has caused an existential climate crisis for people and planet. Begin by re-examining the 2009 Obama Environmental Protection Agency “Endangerment Finding” that carbon dioxide “pollution” threatens the American people’s health and welfare.

Fossil fuels provide 80% of America’s energy; raw materials for thousands of petrochemical products; and the foundation of our economy, health and welfare. Their emissions certainly contribute to the 0.04% CO2 in Earth’s atmosphere, but this miracle molecule enables and spurs plant growth, thereby feeding the animal kingdom and making nearly all life possible.

EPA’s convoluted finding defied science and reality. It allowed the Obama and Biden Administrations to justify biased climate “research,” anti-fossil fuel regulations, sprawling wind and solar installations, and the transformation of America’s entire energy system and economy.

The Endangerment Decision was likely the most “major federal action” in US history, yet it has no real statutory basis. It clearly defies the Supreme Court’s decisions in West Virginia v. EPA, Chevron v. Natural Resources Defense Council and Loper Bright Enterprises, Inc., v. Raimondo.

EPA Administrator Lee Zeldin should direct the agency to formally and publicly reexamine the secretive process that EPA employed to ensure its “endangerment” decision – with no contrarian science, evidence, questions or public hearings permitted to challenge its preordained edict. A fair, balanced, scientific review would demolish the faulty Finding and bring the agency into compliance with SCOTUS rulings.

The President-elect’s appointment of energy and environmental “czars” and National Energy Council will build on those important steps, help restore reality and common sense to America’s energy and climate policies, rein in other Biden-era regulations and executive actions, and advance Mr. Trump’s promise of US energy dominance and economic resurgence.

Other actions the new Administration and Congress should take include the following.

3. Utilize the Congressional Review Act to reverse eleventh-hour Biden-Harris regulatory sprees – such as its ban on further coal leasing in the Powder River Basin.

4. Open all US non-National-Park areas for no/low impact evaluation and exploration, to identify prospects warranting more detailed assessments for critically needed metals and minerals. Most of these public land areas were deliberately made off-limits to such evaluations by Congress, courts and the Deep State, making it impossible to weigh surface values against potential for world-class subsurface deposits.

China’s recent ban on exports of several vital metals and minerals underscores yet again why America must not rely on adversaries for raw materials critical for US defense, aerospace, battery, AI, wind, solar and other industries – especially when those materials could be found and developed in America, under the world’s best pollution control and environmental protection rules, technologies and practices.

5. Reopen the Delaware-sized “coastal plain” of Alaska’s South-Carolina-sized Arctic National Wildlife Refuge for oil and gas leasing, exploration and drilling. Congressional legislation in 2017 explicitly allowed those activities, but President Biden unilaterally cancelled all leases and permits in 2023.

6. Require that applicants for climate change research and modeling grants demonstrate that their previous models and studies have been confirmed by actual temperature, drought and extreme weather data and evidence; and provide computer codes and analyses so that reviewers can view and evaluate their work.

7. Define “sustainability” to reflect complete global life-cycle raw material requirements, mining and processing needs and impacts, energy required to produce raw materials and manufacture energy and other systems, and land, air and water pollution resulting from all those activities. This will ensure that wind, solar, battery, electric vehicle and other technologies are not classified as “clean, renewable and sustainable” merely because they don’t emit CO2 or pollution after they start operating.

8. End subsidies and fast-track permitting for wind and solar installations – especially offshore wind, where raw material requirements and costs are many times higher than for onshore turbines and far more excessive than that for combined-cycle gas generators.

9. Require that wind and solar projects, and associated backup battery and transmission line projects, meet the same environmental review standards and requirements as required for oil, gas, coal and metals mining, and nuclear projects, regarding local, regional and global air and water pollution, land and habitat destruction, wildlife disturbance and loss, and post-project equipment removal and land reclamation.

Even better, cancel the entire offshore wind program. Its electricity is weather-dependent and ultra-expensive, threatens wildlife and fisheries, and requires unjustifiable amounts of raw materials.

10. Expand and streamline programs to bring new nuclear power plants online, especially small modular reactors – to meet rapidly expanding needs for abundant, reliable, affordable electricity for data centers, artificial intelligence, and increasingly electrified households, technologies and industries.

11. Terminate Diversity Equity Inclusion, Environment Social Governance, and Environmental and Climate Justice programs, offices and funding. They only serve as twisted justifications for arbitrarily selecting preferred companies and communities that are often less qualified to serve public health and safety.

There is much more to be done. But this is a solid beginning for reducing or eliminating needless, excessive and harmful pseudo science, grants, policies, practices and regulations – and restoring government of, by and for the People.

Paul Driessen is senior policy analyst for the Committee For A Constructive Tomorrow and author of books and articles on energy, environment, climate and human rights issues.

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Trump eyes end of capital gains tax in 2025

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Quick Hit:

In a historic announcement that rattled markets and reignited debate over tax policy, President Donald Trump revealed plans to eliminate the capital gains tax starting in 2025. The unprecedented move would allow Americans to retain all profits from asset sales—whether in stocks, real estate, or other investments. Supporters tout it as a bold pro-growth measure, while critics warn it may cause budget strain and market instability.

Key Details:

  • President Trump announced the elimination of capital gains tax effective 2025, describing it as a move to reward success and promote wealth-building.

  • Currently, capital gains are taxed at rates up to 20%, with additional surcharges for high earners.

  • The announcement caused a major rally across financial markets, though critics claim the change favors the wealthy and could disrupt the economy.

Diving Deeper:

At a press conference on Monday, President Trump laid out a sweeping proposal to eliminate the capital gains tax in its entirety, calling it a “long-overdue correction” to what he described as a punitive tax on prosperity. “Why should you be punished for building wealth?” he asked. “This is America—we reward success.” If enacted, the change would allow investors to retain 100% of profits from the sale of assets such as stocks, homes, and businesses, with zero tax liability.

This proposal marks a sharp departure from decades of entrenched U.S. tax policy. Currently, long-term capital gains are taxed at rates ranging from 0% to 20%, with potential surcharges including the 3.8% Net Investment Income Tax for high earners. Trump’s plan would zero out those liabilities entirely starting in the 2025 tax year.

Conservative economists and market analysts have lauded the move as potentially the most transformative supply-side reform since the Reagan era. They argue that removing the tax will unshackle trillions of dollars currently locked in unrealized gains, spurring investment, entrepreneurship, and broader economic dynamism. “This is a game-changer,” said one pro-growth advocate. “It sends a clear message that America is back to being the most investment-friendly nation on Earth.”

Predictably, left-wing critics erupted. One Democratic senator labeled the measure a “grenade” that would detonate the federal budget and widen the wealth gap. Others warned of asset bubbles and increased volatility as investors rush to dump assets ahead of the reform’s implementation. These concerns, however, do not seem to have spooked the markets—at least not yet.

The Dow Jones Industrial Average jumped nearly 600 points following the announcement, while cryptocurrencies surged on expectations of tax-free gains. Real estate portals and trading platforms like Robinhood and E*TRADE saw surges in activity as users began strategizing around the policy’s timing. Online, the announcement triggered a wave of memes and commentary. The hashtag #NoCapGains began trending on X (formerly Twitter), with some calling it a “wealth liberation act” and others denouncing it as “Robin Hood in reverse.”

Legislation to formalize the proposal is expected to hit Congress within weeks. While Republicans have largely expressed support, Democrats are preparing for a fierce battle. It’s unclear whether some establishment Republicans—many of whom have been resistant to bold reform under Trump—will help move the bill forward or slow-walk it in favor of more moderate compromises.

Until the law is officially passed, financial advisors are urging caution. “The promise of zero capital gains tax is tempting,” one planner said, “but don’t bet the farm until it’s signed, sealed, and delivered.”

Still, with the 2025 tax season approaching fast, the stakes are enormous. If passed, Trump’s plan would not only mark one of the most dramatic tax overhauls in modern history—it would redefine the very incentives that drive American investment and wealth accumulation.

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Trump threatens additional 50% tariffs on China, urges ‘patience’

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President Donald Trump threatened to ratchet up tariffs against China after China upped its own tariffs against the U.S. in response to the president’s tariffs policy announcement earlier this month.

The Chinese Communist Party raised its tariffs on U.S. goods to 34%, ignoring Trump’s warning not to retaliate, which does not include Chinese tariffs on specific U.S. goods like natural gas.

That 34% figure matches the additional tariffs the president put on China in his announcement of the new tariff policy on April 2, an announcement that brought overall tariffs against China to 54%.

Trump argues that tariffs are not the only way China takes advantage of the U.S.

“Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set,” Trump said in a statement online.

“Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he continued.

“Additionally, all talks with China concerning their requested meetings with us will be terminated!” the president said. “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.”

Trump also urged Americans to be patient with his tariff policy as stocks continued to decline.

The president unveiled a sweeping set of reciprocal tariffs during a press conference earlier this month, and since that announcement the markets have seen sharp declines.

“The United States has a chance to do something that should have been done DECADES AGO,” Trump said on TruthSocial, his social media platform. “Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!”

Democratic and some Republican critics have blasted the president’s tariffs, a policy previously foreign to the Republican Party in modern politics.

Trump has admitted there will be some pain but argued that the tariffs will reinvigorate domestic manufacturing in the U.S. and raise revenue for the federal government. He also says the tariffs will help the U.S. negotiate better trade deals with other countries, many of which currently charge steep tariffs against the U.S.

Critics argue the tariffs will increase prices for Americans and hurt the economy and U.S. trading relationships.

Trump and his allies have argued the U.S. has been manipulated and taken advantage of in the previous tariff system, all while manufacturing jobs were shipped overseas. Now, they argue, much of our manufacturing is done by one of our greatest adversaries: China.

“Countries from all over the World are talking to us,” Trump said. “Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate! They have treated the U.S. very poorly on Trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise Agriculture, and many other ‘things.’ It all has to change, but especially with CHINA!!!”

Sen. Rand Paul, R-Ky., has helped lead the charge of Republicans who oppose the president’s new trade policy.

“Politicians should pay attention to the millions of investors who are worried that widespread tariffs will lead to a recession,” Paul wrote on X Friday.

Trump’s comments suggest that he is doubling down, not backing off, of his new tariff policy, likely part of the reason markets continued to slide Monday. Trump pointed to other signs of economic health, and his Treasury Secretary Scott Bessent has pointed out that the stock market is only one marker of the economy and one in which half of Americans have no stake.

“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” Trump said. “This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA!”

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