As the debate over income equality in the US continues to build, economists and policy makers are focusing on the large amount of new and old studies that attempt to quantify the rising disparage of incomes. However, many of these studies and statistics can be misleading because they do not take several important factors into … Continue reading
The fight over income inequality and a fair tax code has dominated the recent political debate. The White House, along with all the GOP presidential candidates, and every think tank in Washington has submitted their blueprint of what a reformed tax code should look like. Obama’s tax plan focuses on eliminating distortions and loopholes and … Continue reading
The US Senate, today, March 1st, plans to vote on a Republican-sponsored amendment that would restore “the right of conscience” to the Patient Protection and Affordable Care Act (AKA Obamacare). The Senate’s bill, which would hope to reverse the Sebelius/Obama Contraception regulation without any actual reference to ‘contraception’ or the regulation they hope to reverse. … Continue reading
By Will Portman Yesterday I attended a panel entitled “A Millionaire’s Tax and the Economy” at the Center for American Progress. One of the panelists, Senator Sheldon Whitehouse (D-RI), discussed his bill, the Paying a Fair Share Act, which would mandate that individuals earning above $2 million a year pay at least 30 percent federal … Continue reading
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
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
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
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
Destruction, uncertainty, and change filled the air Monday in Athens between the rioters on the street and lawmakers in parliament. Members of parliament voted 199 in favor, 74 against and 27 abstentions of cutting minimum wage by about 22% and laying off one fifth of civil servants, about 15,000 workers.[1] Trying to obtain a €130 … Continue reading
In yet another installment of the Jobs and Innovation Forum Series, hosted by the Energy and Commerce Committee, House leaders focused on job promotion and creation by discussing the obstacles facing American manufacturers with actual American manufacturers. Some of the non-politicians at the table included Liat Tala, the owner of a denim manufacturing company based … Continue reading
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