Category Archives: Taxes

Are We Heading into Another Great Recession in 2011?

Donald L. Luskin presents powerful evidence in The Wall Street Journal this week that the current stock market is tracking very closely to the stock market in the 1930’s.  Of particular concern are two critical economic policies that might help trigger another Great Recession in 2011.  Remember, the National Bureau of Economic Research announced a month [...]
Also posted in America's Future, Choosing the Good Life, Double-Dip Recession, Economy, Free Trade, Great Recession | Comments closed

Are Americans Feeling Max-ed Out on Taxes?

According to a story in The Wall Street Journal this week, 29 states raised taxes a total of $24B in fiscal 2010.  These tax increases are in addition to various pending 2011 tax increases, such as the tax increases resulting if the Bush tax rate cuts are allowed to expire.  Taxes have already increased on personal income, sales, and [...]
Also posted in Economy | Comments closed

Why Has It Been a Tumultuous Primary Season?

The Wall Street Journal this week called this “a tumultuous primary season that has rocked establishment candidates.”  With incumbents often in trouble, establishment candidates facing tough challengers, and tea party activists heavily involved, tumultuous is a good word to describe what we have seen thus far.  Why has it been such a tumultutous primary season?  [...]
Also posted in America's Economic War, America's Future, Big Government, Economic Freedom, Limited Government | Comments closed

Will Another $50 Billion Stimulus Kick-Start Our Economy?

Jobs.  Jobs.  Jobs.  It’s at the top of all the headlines this week.  It’s the number one story and it’s being debated coast-to-coast.  President Obama is proposing another $50 Billion stimulus package for roads, runways, and railways to boost our economy - in other words – to create jobs by building our transportation infrastructure.  The president [...]
Also posted in America's Future, Double-Dip Recession, Economic Growth, Economy, Jobs, Unemployment | Comments closed

High Unemployment, Empty Storefronts, For Sale Signs – When Will We Recover?

Driving around town the signs are obvious.  “For Sale” signs that sit for months on poorly kept lawns.  Empty storefronts with empty parking lots that painfully remind us of a few years ago when times seemed better.  Plus, we hear about high unemployment all the time – 9.5% nationally, 14.2% in Nevada, 13.2% in Michigan, and 12.3% in California [...]
Also posted in America's Future, Double-Dip Recession, Economic Growth, Economy, Financial Sector Regulation, Health Care System, Jobs, Uncategorized, Unemployment | Comments closed

Why Do Higher Tax Rates Often Lead to Lower Tax Revenues?

It’s really counter-intuitive.  But, raising tax rates, leads to lower tax revenues for the government and lower economic growth for the economy.  Well-known economist Arthur Laffer reminds readers of this fact in an article in The Wall Street Journal this week.  The article includes lots of data for the skeptics too.  If you get a [...]
Also posted in Double-Dip Recession, Economic Growth, Economy, Jobs, Unemployment | Comments closed

Should Jobless Benefits Be Extended for the Eighth Time?

An editorial in The Wall Street Journal this week discusses the proposal to extend jobless benefits for the eighth time since the recession started.  This extension would mean the unemployed can collect benefits for up to 99 weeks, nearly two years.  Is this a good idea from an economics point of view?  Is this compassion?  Or, are [...]
Also posted in America's Future, Depression, Double-Dip Recession, Economic Growth, Economy, Jobs | Comments closed

Economic Optimism Down – 17 Month Low – Why?

SPECIAL BLOG POSTING Investor’s Business Daily reported this week that economic optimism is down to a 17 month low, according to the IBD/TIPP Economic Optimism Index.  Separately, small business confidence is also declining with a lower sales outlook, according to the National Federation of Independent Business.  Why has economic optimism declined?  Are these results unexpected?  Let’s [...]
Also posted in America's Future, Double-Dip Recession, Economy, Jobs, Unemployment | Comments closed

Are We Entering a Depression?

Economist Paul Krugman in an op-ed column in The New York Times online edition indicates that he is fearful that we are now in the early stages of a depression, possibly the third depression in our history.  Krugman also appears to believe that the cause will be government policy mistakes.  Specifically, he sees the need for [...]
Also posted in America's Future, Depression, Economy, Jobs | Comments closed

Taxes are Going Up – But Will Deficits and Debt Go Down?

Lots of people have been calling for new taxes and tax increases at the Federal, state and local levels.  We also know that Washington will allow the Bush tax cuts to expire soon.  So, taxes are going up.  No doubt about it.  But, as our taxes go up and up, will our deficits and debt decline?  [...]
Also posted in Economy | Comments closed