Maybe there is another way the pharmaceutical industry can be forced to lower pricing. They are ignoring both the president and the HHS secretary orders to lower pricing. The industry as it is . . . is untouchable and impervious to the same threats as what individuals and states (see earlier posts) are facing. In […]
A followup to Andrew Sprung’s (xpostfactoid) piece on the impact to individuals. This is one report of many detailing what will happen in one state, the state of Michigan. Multiply this many times over to begin to understand why a Tax Break bill failing to pay for itself (passed under Reconciliation) is not so necessary […]
The impact on individuals . . . Of course, this is maintaining Trump’s 2017 Tax breaks Reconciliation legislation. The 2017 Tax Cuts and Jobs Act did not pay for itself within the 10-year period of time required. Not paying for itself through increasing economic activities left deficits. However, the legislation did favor the upper income […]
“Nuts & Bolts” David Zetland The one-handed economist Book Review: I bought this 2023 book by Roma Agrawal after hearing her interviewed on a podcast. I was really excited to read about “tiny inventions that make our world work,” but I was ultimately disappointed. My main complaint is with Agrawal’s theme of (a) telling stories about how […]
“The single stupidest statement about Trump ever made,” Robert Reich RFK Jr: ”Elizabeth Warren or Robert Reich saying that President Trump is on the side of the oligarchs, there has never been a president more willing to stand up to the oligarchs than President Donald Trump.” Friends, I can take only so much sycophantic bullsh*t […]
If you travel in Asia, you can find knock-off products which are very similar to the original product with minor differences . . . wear and tear could be one of the differences. Of course, the cost would be far less and the product may look a bit different. In China, one could visit the […]
In other words, it is not much to be chasing and probably cost us more in lost trade due to Trump’s tinkering with it to extract concessions from other countries. If you look at the chart, you can see Individual and Corporate taxes made up the bulk of the income tax receipts or federal revenue. […]
Live coverage as Supreme Court Chief Justice John Roberts speaks with Dean William M. Treanor as a part of the 2025 Graduating Class at Georgetown Law. Certainly, worth listening too. I do not agree with some of the conclusions the majority has reached. The John Roberts court created cover for this President giving him they […]
– by New Deal democrat We’re still in a new data drought. CPI is out tomorrow, and then a slew of data on Thursday. In the meantime there is one more data point that helps explain why consumers are still powering the economy forward. The Atlanta Fed maintains a “wage tracker” that measures wage growth, […]
The good news is that Trump agreed to end the trade war he started with China reducing Tariffs to 30% for 90 days. China reduced tariffs on imports from the US to 10%, In exchange China agreed to discuss things. For 90 days Tariffs are the status quo before “American Independence day” plus 10%. Of […]