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

You searched for: label/mission creep

Employment Policy

…implies increased revenues in the future even if marginal rates are a function of real wages (so inflation doesn’t cause bracket creep). In one of my favorite papers of all…

The True Fiscal Nightmare

…to expire (most of them in 2010). After that, real bracket creep (real income growth pushing taxpayers into higher tax brackets) and the AMT cause total revenues to gradually rise….

Inflation Resurgent?

…CPI and PPI inflation measures are showing roughly the same thing: a continuation of the gradual upward creep in inflation rates, as the following chart illustrates. I think that this…

Tax Reform and the AMT

…and 2003 tax cuts, and from bracket creep.) Yet despite the sharp rise in income taxes that many middle-class taxpayers will face over the next few years, Bush’s budget proposes…

…think there’s enough slackness in the economy that it will still be several months before we see the inflation rate creep up. On Wednesday (when the March CPI figures are…