Econ Comments & Analysis
Real Clear Markets | President Obama, and the Myth About 4.5 Million New Jobs
Has the U.S. job market been improving during the recovery? The Obama administration likes to point to the 22 months of consecutive job growth. The recovery itself supposedly started in July 2009.
Market Watch | Shield yourself from coming $21 bln tax fraud
More than $5.2 billion of U.S. taxpayer money may have been paid out in tax refunds to fraudsters who filed about 1.5 million fake returns in 2011, and scammers are likely to skim another $21 billion over the next five years, according to an estimate by a government watchdog.
AEI | Taxing state governments under a federal value added tax: Part 2
As I have discussed elsewhere, a good's status as a production input depends on whether it increases the production of other goods on the margin.2 For example, food is not a production input for me or for most American workers, because a slight increase in food consumption would not make us more productive and a slight reduction in food consumption would not make us less productive.
Blogs
AEI | Chart: A look at who pays the income tax in America
Base broadening and statutory rate reductions are not ends in themselves. Like other tax policies, these reforms should be evaluated by whether they promote efficiency, simplicity, and fairness.
