Trump’s Perfect Storm that Could Sink the American Economy
Donald Trump has steered the American economy into a perfect storm. In the book, film, and now in real life, a rare combination of destructive forces comes together and magnifies the damage. This storm could break the U.S. economy. Trump’s tariffs are the most destructive force. Their first-order damages begin by arbitrarily driving up the prices of every product and… Continue reading
The Real Economics of the Fiscal Cliff
Thank goodness for the fiscal cliff. Without it, most of Washington would be home for the holidays, happy to put off the unpleasantness of raising taxes and cutting spending. But the truth is, the only part of the cliff that really matters right now is the Bush tax cuts. Yes, much has been made about triggering large, across-the-board cuts in…Continue reading
The Real Economics of the Fiscal Cliff
Thank goodness for the fiscal cliff. Without it, most of Washington would be home for the holidays, happy to put off the unpleasantness of raising taxes and cutting spending. But the truth is, the only part of the cliff that really matters right now is the Bush tax cuts. Yes, much has been made about triggering large, across-the-board cuts in…Continue reading
Some Thoughts on the Fiscal Cliff
The fiscal cliff is more of a cascade ?¢‚Ǩ‚Äù or a game of dominoes. First, they have to make a deal on the terms on which the Bush tax cuts will be renewed. That appears to be fairly likely, since GOP leaders seem to have conceded that additional revenues are inevitable. So, the deal to be struck is how precisely…Continue reading
Some Thoughts on the Fiscal Cliff
The fiscal cliff is more of a cascade ?¢‚Ǩ‚Äù or a game of dominoes. First, they have to make a deal on the terms on which the Bush tax cuts will be renewed. That appears to be fairly likely, since GOP leaders seem to have conceded that additional revenues are inevitable. So, the deal to be struck is how precisely…Continue reading
Some Thoughts on the Fiscal Cliff
The fiscal cliff is more of a cascade ?¢‚Ǩ‚Äù or a game of dominoes. First, they have to make a deal on the terms on which the Bush tax cuts will be renewed. That appears to be fairly likely, since GOP leaders seem to have conceded that additional revenues are inevitable. So, the deal to be struck is how precisely…Continue reading
Some Thoughts on the Fiscal Cliff
The fiscal cliff is more of a cascade ?¢‚Ǩ‚Äù or a game of dominoes. First, they have to make a deal on the terms on which the Bush tax cuts will be renewed. That appears to be fairly likely, since GOP leaders seem to have conceded that additional revenues are inevitable. So, the deal to be struck is how precisely…Continue reading
A Better Way to Avoid the Fiscal Cliff on Taxes,…
With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading
A Better Way to Avoid the Fiscal Cliff on Taxes,…
With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading