Relevant and even prescient commentary on news, politics and the economy.

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Taxes and Business Creation

…groupings: 1. Bush Sr. era (through 92) 2. Clinton era of tax hikes (through 96) 3. Clinton period including and following the cut in capital gains taxes (through 00) 4….

Baucus’s Side Deal Comes Unstuck

…revamp Medicare payments to doctors, hospitals and other providers to reward high-quality, lower-cost care. Senator Robert Menendez of New Jersey will push to lower a cap on the amount moderate-income…

Salmon and Barnett on the $500,000 limit

…you’re surprised that I agree with you and disagree with Barnett. I’d say a strong argument for the cap is the good old moral hazard in bailouts argument. If the…

Soc Sec XXXII: Means Testing as a Trojan Horse

Somehow the concept of means testing has entered the Social Security dialogue right along side that of cap increases. Don’t let people trick you into going down that path. Each…

BW on Soc Sec IX: the Paradox of Benefit Cuts

…fact makes revenue increases through such things as a cap increase transform into long term debt. The arithmetic seems beyond the best efforts of Cosi and tends to baffle Obama…

Medicare 2085 and not as scary numbers

…not capped. (If I were a rich person and looking at that uncapped Medicare tax, I’d be lobbying for a cap and a slightly larger tax tax rate up to…