Econ Comments & Analysis
Heritage Foundation | Congress Should Be Cautious About Expanding the Child Tax Credit
Members of Congress have renewed the discussion of increasing the Child Tax Credit (CTC) to help the beleaguered middle class. Their desire to help the middle class is laudable. The slow recovery and President Barack Obama’s faulty economic policies have hit the middle class hard, but increasing the CTC is not the best way to deliver relief. The better approach would be tax reform that reduces disincentives to engage in economically productive activities.
Blogs
FOX Business | S&P: Cut Corporate Taxes to Create 10M New Jobs
Lowering corporate tax rates and simplifying the maniacally-convoluted tax code is slowly catching fire. S&P Capital IQ has provided an estimate on just what would happen to the U.S. economy if the effective corporate tax rate paid by S&P 500 companies dropped to Switzerland’s average, effective rate of 22.4% from our current 32.3%.
WSJ | After Tax Increase, Signs of Recovery in Japan Consumption
Japanese private consumption showed signs of recovery in May after it plunged on April’s sales-tax rise, an encouraging sign for Prime Minister Shinzo Abe’s push to lift the economy out of its long funk.
