by Linda Beale Senate Dems unveil their tax cut proposal Senate Democrats, led by majority leader Harry Reid, unveiled a $26 billion tax-cut bill on March 26, 2012. See, e.g., Richard Rubin, Senate Democrats Said to Prepare $26 Billion Tax Cut Measure, San Francisco Chronicle (Mar. 26, 2012). The proposal revives the lapsed 100% expensing […]
Yves Smith points us to information on our notions of new business and venture capital: Amar Bhide, who has written the classic, The Origin and Evolution of New Businesses, has decisively debunked the idea underlying the Obama Bucket Shop act, which is that public stock offering are an important source of funding for new businesses. […]
Financeaddict comments on a St. Louis Fed study: Their research asks whether there’s evidence that lenders changed their behavior to meet CRA, Fannie or Freddie-mandated goals by: making more subprime loans than they otherwise would have? lending to riskier borrowers than they otherwise would have? charging risky borrowers less than they otherwise would have? …If […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Innovation is Good Except…. …. when it is not politically correct. For a long time large employers have used self-funded insurance plans backed up by stop-loss insurance for large claims. I have worked with employer plans down to the 100 employee size. Now small employers are trying […]
Below Dan pulled a post questioning Jon Chait’s claim that US economist’s generally support a broader tax base and lower rates. I am expert neither on taxes nor economists, but I will write at length on the question after the jump. Before the jump, I must note that Chait made many of the points I […]
As AB readers know, I’ve written quite a number of in-depth posts on the ACA litigation—on the individual-mandate provision and on other issues as well. (The number, by my count, is at least 11,** including the one I posted yesterday, titled “Showtime At The Supreme Court”). And for your reading enjoyment, and in honor the […]
by Tom aka Rusty Rustbelt While We Were Busy Discussing Other Things…. …. the first major rewrite of regulations for the Americans with Disabilities Act went into effect March 15th. Good news and bad news for workers and employers. Overall, what I read looks achievable from an employer viewpoint, and the Obama administration has shown […]
Dan emailed me several days ago asking whether I thought I should write a preshow (my word, not his) post about next week’s marathon Supreme Court oral arguments on the constitutionality of Obamacare, a.k.a., the Affordable Care Act. Six hours of argument, two each day, Monday through Wednesday, in which the Court will hear argument, first, […]
Mark J. Perry reports on the latest world trade data from The CPB Netherlands Bureau for Economic Policy Analysis. He presents a graph from 2000 on showing that the levels of world trade and world industrial output have both reached new post-recovery highs. He takes this to be very good news, and draws some broad […]
Dan here…. Jonathon Chait writes in the NYT Paul Ryan: Obama Refuses to Endorse Tax Fairy. Lifted from Robert’s Stochastic Thoughts on journalistic rhetorical language and consensus: on Chait there’s not really a growing consensus that tax reform is good. The consensus has existed among economists forever where he defines tax reform as closing tax […]