Taxprofblog points to research suggesting a tipping point about the notion that small businesses drive the economy: Martin A. Sullivan (Tax Analysts), New Research Weakens Case for Small Business Tax ReliefThe National Federation of Independent Business states on its website: “Small business has created about two of every three net new jobs in the United […]
by Linda Beale Why we don’t need corporate tax “overhaul” GOP poormouthing on behalf of rich corporate allies(Part I in a series) These days, one hears a great deal from politicians on the right about how a corporate tax “overhaul” is needed because our taxes are “too complex” and/or “too anti-competitive” or because our tax […]
‘Bank Transfer Day’, What Really Just Happened? James Van Dyke points to some numbers on the move to transfer funds out of big banks: Bank Transfer Day and the Occupy Movement have received tremendous attention, and for the first time we have market research data to measure the impact on the financial services industry. Javelin’s […]
Making it Harder for Military Families to Sue for Medical Malpractice In defending the U.S. military’s medical system in court, the U.S. Department of Justice is arguing that service personnel and their families are not allowed to sue for medical malpractice regardless of the circumstance.As a general rule, military members are barred from taking the […]
Don’t tell me that the Dems favor fiscal stimulus because they like big government. The payroll tax cut will make it a bit more difficult to expand the size of government in future years. (As Clinton found in 1993, when he was told the “bond markets” (i.e. the Reagan tax cuts) wouldn’t allow him to […]
by Beverly Mann Thomas Hartmann writes via Truthout: Most Americans don’t realize that the idea that ‘corporations are people’ and ‘money is speech’ are concepts that were never, ever considered or promoted or even passed by any legislature in the history of America. Neither were they ever promoted or signed into law by any president […]
David Beckworth: global economic growth over the past few decades has outpaced the capacity of the world economy to produce truly safe assets Really? The U.S. could have just deficit-spent more, crediting people’s/businesses’ checking accounts and thereby increasing the global stock of the world’s safest asset: U.S. dollars. It could (by U.S. law is required […]
This is another look at the idea I put forth here, that – contra the standard economic idea that consumption depends on wealth – I believe that consumption depends on income. It’s worth stressing that wealth and income are not independent variables. Wealth is the accumulation of unspent income plus returns generated on that wealth […]
This report is now adjusted to show the impact of the population control adjustment. The employment report was the strongest this cycle with payroll employment rising 243,000. The household survey shows a gain of 843,000 but almost 250,000 of that is due to the new population adjustments so the net result is an increase of […]