The Trump Tax Cut and Big Pharma CEOs of 7 pharmaceutical multinationals addressed the Senate Finance Committee: Pharma execs offer Senate ideas to lower drug costs – except actually cutting prices. Executives from seven pharmaceutical companies — AbbVie, AstraZeneca, Bristol-Myers Squibb, Johnson & Johnson, Merck, Pfizer and Sanofi — are testifying before the Senate Finance Committee. […]
The 1912 Bread and Roses Strike Elizabeth Warren made an impressive speech just now in the freezing cold of Lawrence, Massachusetts: Sen. Elizabeth Warren officially launched her 2020 presidential campaign Saturday at a rally in Lawrence, Massachusetts, using the backdrop of Everett Mills — the site of a historic 1912 labor strike led by women and […]
Value of the Chrysler Building and California Property Taxes The big news in New York City is that the Chrysler Building is for sale: New York City’s iconic Chrysler Building has appeared in dozens of movies and remained an Art Deco jewel of the Manhattan skyline for decades. Now, the 89-year-old skyscraper can be yours. Located on […]
Real Military Pay Donald Trump lies about everything including military pay: Trump Brags To Troops About A Fictional Giant Pay Raise He Got Them – The president told military personnel in Iraq that they’ll get a raise of over 10 percent, their first in a decade. But it’s 2.6 percent, and they get a hike every […]
Taxes Up 30%! A couple of months ago yours truly complained a bit about some fiscal dishonesty coming from Team Trump: He was basically lying to us hoping the public would be too stupid to realize that when the price level rose by 2.5% during the same period, we are talking about a 2% real decrease in […]
Rah Rah Economics Greg Mankiw read Trumponics by Art Laffer and Stephen Moore so we don’t have to: When economists write, they can decide among three possible voices to convey their message. The choice is crucial, because it affects how readers receive their work. The first voice might be called the textbook authority. Here, economists act as ambassadors […]
Kevin Hassett and Irwin Steltzer Join in on the Fiscal Dishonesty Brad DeLong is annoyed at the latest from Irwin Stelzer: Hassett and others in the administration point out that despite a hefty reduction in the corporate tax rate from 35 percent to 21 percent, government revenues rose by $3.3 trillion in the fiscal year just ended. […]
Fiscal Dishonesty from Paul Ryan (Surprise!) We earlier noted that when our Treasury Secretary wrote this: Government receipts totaled $3,329 billion in FY 2018. This was $14 billion higher than in FY 2017, an increase of 0.4 percent…Outlays were $4,108 billion, $127 billion above those in FY 2017, a 3.2 percent increase. He was basically lying to […]
Fiscal Dishonesty from CNBC and Our Treasury Secretary Is Jacob Pramuk on the White House payroll? US budget deficit expands to $779 billion in fiscal 2018 as spending surges. The federal budget deficit rose 17 percent in fiscal 2018, according to the Trump administration. Spending jumped, and revenue only increased slightly following the GOP tax cuts. The […]
U.S. Saudi Trade Donald Trump appears to be reluctant to investigate the murder of Jamal Khashoggibecause of an alleged trade deal? Donald Trump has said US investigators are looking into how Jamal Khashoggi vanished at the Saudi consulate in Istanbul, but made clear that whatever the outcome, the US would not forgo lucrative arms deals with […]