by Linda Beale Corporations Never Had It So Good The press is covering the GAO‘s latest report on corporate taxes: Corporate Income Tax: Effective Tax Rates Can Differ Significantly from Statutory Rate(May 30, 2013). The study, looking at income and taxes reported in financial filing statements for 2008-2010, was conducted because Proponents of lowering the […]
by Linda Beale Senate Finance Leaders push “blank slate” to tax reform Senators Baucus and Hatch, the Chair and ranking minority member of the Senate Finance Committee, respectively, launched a bid for completing a Code reform before Baucus leaves office with a letter to Senators telling them that they should get their bids in within […]
Rjs sends this note on what readers are using to replace Google Reader: These are the ones I have: http://www.netvibes.com/ http://cloud.feedly.com/ http://theoldreader.com/ http://www.newsblur.com/ http://reader.aol.com/ http://digg.com/reader Tyler Cohen had a post on that recently, linking to 9 recommendations: Life after Google Reader
by Tom aka Rusty Rustbelt Health Care Thoughts: Obamacare Meets Immigration Reform With the passage of the Senate version of immigration reform we have some details to ponder. Illegals who become “provisional” for up to 13 years will not qualify for some Obamacare credits and subsidies. Workers who receive “unaffordable” insurance coverage from employers will […]
Lifted from comments by reader Juan comes this article from the Finacial Times: Subprime securities – still being downgraded Some two weeks ago Moody’s announced it was downgrading 28 tranches of various bonds (as well as upgrading two tranches, and confirming others) in an action that covered roughly $1.2bn worth of mortgage-backed securities (MBS). … […]
Via Mark Thoma Economist’s View comes this note on credit rating company incentives: While the US Department of Justice did not give any statistical evidence in its deposition, our new research (Efing and Hau 2013) suggests that rating favors were indeed systematic and pervasive in the industry. In a sample of more than 6,500 structured […]
by Tom aka Rusty Rustbelt Health Care Thoughts: California Assembly Bill 880 (pending) It was a no brainer to predict Obamacare would have a major impact on restaurant and retail employers, especially in the throes of a weak economy. The composition of the work forces and often slim margins guarantee problems. Darden Corp. (Red Lobster […]
Robert Pollin is Professor of Economics at the University of Massachusetts in Amherst. He is the founding co-Director of the Political Economy Research Institute (PERI). This is via Real News: I want to refer to an article that was in the global–the leading global financial newspaper The Financial Times last week by one of their […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Cap per Procedure Some employer health plans are experimenting with a cap-per-procedure system, allowing $X for a certain procedure and forcing employees to pay any difference. This is not as harsh for employees as it first sounds, as the plans are using this as leverage to cap fees […]