Tax Politics
The Politics of Taxes
Gruber: The Problem of Obamacare is That We Need A LARGER Penalty
"Obamacare is working as designed" -- except for the part about "individuals free-riding the system," according to Jonathan Gruber, one of the chief architects of Obamacare. His assertion is that Obamacare doesn't need any kind of overhaul; the people are the...
Disparate Impact Alive and Well
I've written about disparate impact numerous time over the years, warning that this tactic would begin to be seen more frequently beyond the business world, such as in housing and labor. Thomas Perez and Loretta Lynch are two of its fiercest advocates, and a recent...
The Fed and a Possible Recession? One Opinion
Ambrose Evans-Pritchard suggests that a recession might be on the horizon again and Fed decisions are critical: "The risk of a US recession next year is rising fast. The Federal Reserve has no margin for error. Liquidity is suddenly drying up. Early warning indicators...
$587 Billion Deficit for 2016
The fiscal year for 2016 ran from October 1, 2015 - September 30, 2016. According to the Treasury Department statement of receipts and outlays, the government had: $3.267 trillion in tax revenue $3.584 trillion in outlays $587 billion deficit Receipts came from...
Obamacare Enrollment Could SHRINK This Year
From Bloomberg: "A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise. At least 1.4 million people in 32 states will...
Job Creation Lower, Unemployment Inches Up
Nonfarm payrolls increased 156,000 for the month and the unemployment rate ticked up to 5 percent, the Bureau of Labor Statistics reported Friday. Economists surveyed by Reuters had expected 176,000 new jobs and the jobless rate to hold at 4.9 percent. The total was a...