It sure looks like this is the plan according to Americans for Tax Fairness. If one of the expiring provisions–lower individual tax rates – were instead extended, Trump could have an extra and ~ $2.7 million in his pocket over 10 years. And that is a modest estimate by the Tax Fairness Group. An extension […]

 – by New Deal democrat The deluge of new monthly data starts tomorrow. Today there’s no significant data, so let me follow up on a point from Friday’s personal income and spending report. I never look to see what others are saying before I finish my own analysis, because I want to be as unbiased as […]

Duncan Black over at Eschaton posts: “One possibility I haven’t seen raised elsewhere is that Trump intends to announce massive tariffs lasting years, the Republicans will “book” this revenue when they do their budget bill, cut taxes on rich people accordingly, and then just erase (some of) the tariffs. “Some budget shenanigans are above my […]

AB: Corporate America wanting more . . . Opponents of higher corporate taxes argue it’s not really corporations, ultimately their wealthy executives and shareholders pay the price. They claim we’re all hurt by increased corporate tax collections and are helped by lower ones through the impact on our jobs, communities, retirement savings, and the economy […]

– by Paul Krugman And why you shouldn’t panic over trade deficits AB: I offer no opinion of Krugman’s thoughts here. Although Paul does state; having a president obsessing with trade imbalances does create issues for the US and the population. To balance out Trump’s obsession, the administration has economists willing to provide arguments to […]

Real income, spending, saving, and sales continue to be expansionary  – by New Deal democrat Real income and spending are two of the most important indicators of the well-being of the consumer. With the general weakening of the economy, I have been looking to see if in particular real spending on goods would sputter. Signs […]

This particular piece (or partial) is taken from an article written in 2015. You can pick up the entire piece at “KelloggInsight.” It is an abbreviated version of the article detailing what took place in 2008. Our economy was on the verge of collapse. Goldman Sachs made a collateral call on AIG. The results of […]

Brief commentary as taken from Tax Fairness. Good Stats and comparisons. And brief in making its point on immigrants as compared to corporations and income taxes. “How Undocumented Immigrants Contribute to Our Economy & Pay Higher Tax Rates Than Many Major Corporations,” Americans For Tax Fairness In 2022 America’s 10.9 million undocumented immigrants paid $96.7 billion […]

Weekly Indicators for March 24 – 28 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The most important news in high frequency data was that we now have 4 of 5 reports from regional Feds for March, and all four showed a decline from last month, and 3 […]

Long leading indicators update: corporate profits in Q4 2024  – by New Deal democrat Corporate profits are a long leading indicator, as they typically turn down at least one year before the onset of a recession. Unfortunately, they are typically reported with a lag, and Q4 corporate profits aren’t reported officially until the final update […]