TUESDAY, FEBRUARY 28, 2012 ECONOMICS: Tax experts think deal could be done on corporate code overhaul this year http://thehill.com/homenews/administration/212911-tax-experts-think-deal-could-be-done-on-corporate-code Despite what appear to be long odds, a handful of Washington tax experts think Congress and the Obama administration could actually make real progress on corporate tax reform this year. These optimists — who admittedly … Continue reading
Category Archives: Economy
Economic Daily Outlook
MONDAY, FEBRUARY 27, 2012 ECONOMICS: Plans for US manufacturing may yield more votes than jobs http://www.reuters.com/article/2012/02/27/usa-campaign-manufacturing-idUSL2E8DM87820120227 U.S. factories are hiring again, and Democratic President Barack Obama and some of his Republican rivals are pitching tax breaks to fuel a rebound in manufacturing and help rebuild a battered middle class. A focus on manufacturing may … Continue reading
Data vs. Design: Key Problems Facing CBO and other Agencies
CBO and other government agencies produce huge amounts of data every day. They typically compile them into reports and glean out the important trends that will advise and inform policy makers. Traditionally these reports involve simple line and bar graphs with a few pie charts. However, the explosion in info graphics and interactive data has … Continue reading
Obamacare’s Medicaid Mandates on States; Oppresive and Wrong on Every Level
There are many unconstitutional elements of the Patient Protection and Affordable Care Act (a.k.a. Obamacare). One of these elements, lurking the midst, not getting the attention it should receive in the mainstream, at least not anymore, is unconstitutional Federal mandates on the states (as it relates to Medicaid). Under Obamacare states can choose to either … Continue reading
Economic Daily Outlook
FRIDAY, FEBRUARY 24, 2012 ECONOMICS: Report Says Candidates’ Plans Boost Federal Debt http://online.wsj.com/article/SB10001424052970204778604577241664250668788.html While Republican presidential candidates are campaigning against President Barack Obama’s deficit-laden budgets, a new report concludes that three of the four contenders’ fiscal proposals would likely increase the federal debt. Only Texas Rep. Ron Paul has offered detailed plans that might … Continue reading
Free but Responsible Markets
Occupy Wall Street started with an emotion: anger. As average Americans dealt with an insecure job market, unemployment, underwater mortgages, and overwhelming increases in the cost of education and healthcare they watched as the financial industry was rescued from its own poor judgment by the federal government. What was perceived was a collusion of massive … Continue reading
Economic Daily Outlook
WEDNESDAY, FEBRUARY 23, 2012 ECONOMICS: Winners and Losers From a Tax Proposal http://www.nytimes.com/2012/02/23/business/tax-break-for-manufacturers-offset-elsewhere.html The Obama administration, seeking to promote domestic manufacturing without increasing the federal deficit, proposed Wednesday to offset new tax breaks for manufacturers by raising taxes on a wide range of other companies. Some of the prospective losers are familiar targets, including … Continue reading
Corporate tax “framework” misses the mark
The President announced his support today for corporate tax reform that reduces the rate to 28 percent by eliminating expenditures in the tax code, deductions, credits and the like. Ostensibly this reduction is a show of goodwill and a step forward. Yet under closer scrutiny, the President’s proposal hypocritically reinforces existing tax expenditures and fails … Continue reading
State vs. Federal: the Fundamental Fight without the Facts
Judge Robert L. Hinkle on Saturday, February 18, 2012 upheld the 2009 determination that the Environmental Protection Agency (EPA) had jurisdiction to mandate clean water regulations on the state of Florida’s major water bodies. In 1998, EPA mandated Florida to develop new rules to develop nutrient criteria on limiting phosphorus and nitrogen in waterways, which … Continue reading
Obama’s Corporate Tax Plan: More Politics than Reform
By Logan Albright Today, President Obama unveiled a plan to cut the corporate tax rate from its current level of 35 percent to 28 percent while eliminating deductions and loopholes with the aim of raising $250 billion of additional revenue over the next ten years. On its face, this sounds like a sensible proposal designed … Continue reading
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