Archive for the ‘New Posts’ Category

Another tax loophole that needs to be closed–one you did not know about.

February 12th, 2016

Quick, think of the most egregious tax loophole you’d like to see closed. Many people, and not just lefties, will think of the carried interest loophole, where hedge fund managers get to pay capital gains rates (~24%) on their earnings (which would otherwise face the top marginal rate of ~40%). A fine choice, widely perceived… Read more

Headline writers: enough already with the disembodied trillions!

February 9th, 2016

President Obama’s 2017 budget is out today, and here’s why I think it’s worth a look. Yes, he’s approaching lame duck status and Congressional conservatives wouldn’t even use the thing for door stop. But I think it’s relevant in ways that you might find resonant, including vis-a-vis campaign politics. But what’s really working my last… Read more

You know this meme about how everybody’s so pissed off about how bad the economy is? Is that right?

February 5th, 2016

I heard the POTUS’s econo-press conference today where he went off on how the economy was like an aging dude working out after eating a double-bacon-cheese burger, or something like that. Anyway, he got a question about if the job market is really improving, including wage gains like those I featured today, why aren’t people… Read more

Jobs Day: Slower payroll growth but faster wage growth as we get closer to full employment

February 5th, 2016

Job growth slowed in January, as the nation’s employers added 151,000 net new jobs, compared to over 250,000 in each of the prior three months. However, while slower job growth may be a function of recent market volatility and slower growth abroad, it is far too soon to draw any such conclusions from one month’s… Read more