by Mike Kimel Presidents, Tax Burdens, and the Subsequent Economic Growth Over the years, I’ve posted variations of the graph below a few times: Figure 1 The graph shows the change in the tax burden (i.e., current federal receipts / GDP) from the year before an administration took office to its second year in office […]
by Mike Kimel Cross posted at the Presimetrics blog I really don’t understand this post by Tyler Cowen. He begins by noting: The median earnings of full-time Canadian workers increased by just $53 annually — that’s right, $53 annually — between 1980 and 2005. He then links to two documents, one of which says this: […]
The Continuing Resolution (H.R. 1) was introduced Friday night. Information about the bill (copy of the legislation, bill summary, list of program cuts, and the subcommittee savings tables) is linked here: Appropriations Committee Introduces CR Containing Largest Spending Cuts in History February 11, 2011 CR Spending Cuts to Go Deep February 9, 2011 Rogers Announces […]
by Mike Kimel Canada too! Part twoCross posted at the Presimetrics blog. In response to my post commenting on Frances Woolley’s post, Frances Woolley left the following comment: On WCI, one of the commentators suggested that the Liberal/Conservative growth differential is partly due to differences in military spending. In Canada where we don’t have a […]
As usual Yves is well articulated and clear.
By: Daniel Becker (DOLB) On Countdown (12/9/10), Keith had on Thomas Buffenbarger, president of the International Machinist Union. It was a chance for an “I told you so moment”in that Mr. Buffenbarger noted while campaigning for Secretary Clinton that President Obama would not be a fighter. Go watch the episode. I made my position on […]
by Linda BealeMore on the White House “deal” on tax cutscrossposted with Ataxingmatter Dan Shaviro, a colleague at NYU, ends up being hopeful about the Obama-GOP deal. See “The deal on extending the tax cuts“, Start Making Sense, Dec. 6, 2010 and “The tax cut deal: too soon to tell who really won?“, Dec. 7, […]
My hat tip to Diane at Economistmom and her essay on the scrambling in Congress around the Bush tax cuts: … In other words, let’s try to avoid doing something with the Bush tax cuts that seems totally crazy given what we say our fiscal policy goals are for both adequately supporting the (still fragile) […]
by Mike Kimel A Proposed Bet for Professors Bryan Caplan and David R. Henderson (and Anyone Else Who Believes Lower Taxes Generate Faster Economic Growth)Cross posted at the Presimetrics blog. Professors Caplan and Henderson, Both of you have had recent posts that indicate you have some enthusiasm for betting on economic outcomes. (Your co-blogger at […]
by Linda Beale Tax cuts and deficit commissionscrossposted with Ataxingmatter The game continues, as Republicans hold out for tax cuts for the wealthy (who are garnering increasing amounts of the total income) and various “deficit commissions” put out austerity plans that all call for cutting Social Security benefits and Medicare benefits. Alice Rivlin, who spoke […]