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And the Oscar for “Best Tax Break” Goes to…
Teaser: The Oscar nominations are in. Though the nominated films include diverse titles such as American Sniper, Boyhood, and the Grand Budapest Hotel, they all have something in common. All eight...
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Raising Taxes on Capital Hurts the Middle Class
Teaser: In his Tuesday State of the Union address, President Obama will propose raising top tax rates on capital gains and dividends to 28 percent, up from the current rate of 24 percent. Prior to...
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Why Uber is Booming
Teaser: A recent report released by Uber sheds some much-needed light on those who drive for the technology company, and why they choose to do so. Its findings add some empirical evidence to the bitter...
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Have 91% of Gains During the Recovery Gone to the Top?
Forgive me for going out of order and not taking up the Economic Policy Institute’s productivity/compensation chart as promised in my inaugural column in this series. But Berkeley economist Emmanuel...
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Full Expensing Will Create Jobs and Economic Growth
Teaser: One of the last votes the Senate made in December before adjourning was to yet again pass a bill of so-called “tax extenders” to renew a long list of temporary tax provisions. While all tax...
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What to Watch in the President’s Budget Proposal
Teaser: President Obama’s budget proposal, to be released on Monday, confirms that a sweeping, bipartisan compromise to tame exploding federal debt is not on the White House agenda for 2016. The...
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Here Are Five Obama Tax Proposals That Make No Sense
Teaser: President Obama’s fiscal 2016 budget would raise government revenues as a share of gross domestic product steadily over the next decade, and make the tax code far more complex.By now, everyone...
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Markets Trump the Fed's Forecast
Teaser: For an institution that prides itself on clear communication - an institution that elevated "forward guidance" to a policy tool - the Federal Reserve seems to be having trouble getting its...
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Administration’s “Balanced” Strategy Threatens Alaskan Oil
Teaser: Just days after the President took credit for America’s “booming energy production” during his State of the Union Address, his administration enacted a series of policies that threaten...
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Forward Guidance: Theory versus Reality
Teaser: Mainstream monetary economics posits that the Federal Reserve influences economic activity by shaping expectations about the future. According to theory, when the Fed provides “forward...
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The Fed Should Forget About Forward Guidance
Teaser: Mainstream monetary economics posits that the Federal Reserve influences economic activity by shaping expectations about the future. According to theory, when the Fed provides “forward...
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Net Neutrality Advocates’ Concerns Are Outdated
Teaser: The early 1990s model of the Internet, the worst-case-scenario for net neutrality advocates, was merely a stage in the development of the Internet which has already passed. Just as the market...
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Scott Winship Testimony Before the House Subcommittee on Human Resources
Teaser: While policymakers face real economic challenges—including a secular rise in the duration of jobless spells, a recovery that until recently seemed to taunt us, poorer job prospects for workers...
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With Staples, Obama Once Again Interferes With the Private Sector
Teaser: The Staples office-supply chain is now the latest victim in a series of politically charged attacks from the White House on corporations.This article orignially appeared in MarketWatch.The...
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Mindless Yes, Austerity No: The Real Budget Problem
Teaser: As long as spending growth in Social Security, Medicare, Medicaid and the ACA continues unabated, we can expect the share of national resources devoted to other federal government priorities to...
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Yes, the Rich Have Become Poorer Since the Recession Started
Teaser: The top one percent is obviously not hurting by anyone’s standards, but it remains the case that income inequality is lower and the rich are poorer than at the start of the recession. Have the...
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What’s Behind the Government’s Hatred of Raw Milk?
Teaser: Government bans on the sale and distribution of raw milk and raw milk products are enforced in the name of public safety. But many people enjoy the health benefits of milk that has not been...
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Republicans Get a New Power Broker in Washington
Teaser: Congressional Republicans have made a wise choice in their new Congressional Budget Office director, Keith Hall.This article originally appeared in MarketWatch.Congressional Republicans have...
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Avoiding Optimism Might Be the Medicine the Fed Needs
Teaser: Federal Reserve Vice–Chairman Stanley Fischer’s speech at the 2015 U.S. Monetary Policy Forum in New York centered on the Fed’s asset purchase program and future policy normalization based on...
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A Post-King Bridge to Somewhere Better
Teaser: As we approach oral argument this week at the Supreme Court in the King v. Burwell case, a series of policy reversals is presumed to immediately produce a devastating cascade of premium spikes,...
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