Another Study Shows Payroll Tax Cut Expiration Damaging to the Economy
I don’t know that we needed another analysis of the effect of the expiration of the payroll tax cut, but JPMorgan Chase provided that yesterday. They estimate a cut to GDP of 0.6% next year from...
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Democrats Begin Talking About Extending Payroll Tax Cut
Rep. Go here to read the rest: Democrats Begin Talking About Extending Payroll Tax Cut
View ArticleWhite House Returns to Making Work Pay as Potential Stimulative Tax Measure
The White House, per Zachary Goldfarb at the Washington Post, is considering returning to the working family tax cut used in 2009-2010 as part of the Recovery Act, to replace the payroll tax cut,...
View ArticleWhite House Denies Report of Making Work Pay Tax Cut Proposal
As is typical for Washington trial balloons, the White House is denying a report that they would push for a tax cut similar to Making Work Pay to replace the payroll tax cut and continue the...
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CBO Joins CRS in Finding Almost No Economic Impact From Letting High-End...
You may remember that, last week, Republicans forced the Congressional Research Service (basically Congress’ think tank) to take down a study that analyzed 65 years of individual tax rates and found...
View ArticleSandy-Induced Unemployment Spike Shows Need to Focus on Jobs, Not Austerity
First-time jobless claims spiked to 439,000 after nearly a year under 400,000. The reason for this sudden weakness in the US economy? Suprestorm Sandy. Continued here: Sandy-Induced Unemployment Spike...
View ArticleWhite House Report on Threats to Consumer Spending from Middle Class Tax...
The White House is getting more vocal on pressuring Republicans to extend tax cuts on the first $250,000 of income. They supplement this today with a new report from the NEC and the CEA, showing the...
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White House Makes Aggressive Opening Bid in Fiscal Slope Negotiations
Timothy Geithner In the context of doing a deficit reduction deal at all, this is an extremely strong bid that Tim Geithner delivered to John Boehner today. Now we know why Boehner whined and cried...
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Boehner’s Counter-Offer: Based on Impromptu Bowles Super Committee Testimony
Speaker John Boehner In trying to make a quick understanding of the Boehner counter-offer on the fiscal slope yesterday, I knew that his reference to the “Bowles plan” was not a reference to...
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Obama’s Latest Fiscal Slope Offer: I’m Missing the Part Where Republicans...
I noted the emerging fiscal slope deal yesterday, and we have additional developments on that front. Read the original here: Obama’s Latest Fiscal Slope Offer: I’m Missing the Part Where Republicans...
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