I tend not to bother with the WSJ’s editorials and op-eds; they often read to me like news from an alternative universe, one where the facts are whatever you say they are. More interesting are pieces, such as this one by economist Lawrence Lindsey, that gets some facts right, but portrays them in a misleading… Read more
I typically delete comments that get within spitting distance of unpleasant, nasty, name-calling, etc.
On taxes, Trump’s big operating losses provide a useful microcosm of how the tax system is rigged, if you can call an almost billion dollar claim against future tax liabilities in 1995 “micro.” On trade, here’s what a “smart, fair” agenda looks like to me.
For reasons I’ll get to in a moment, I was really struck by the title of this excellent, important new paper by my CBPP colleague Kathleen Romig: Increasing Payroll Taxes Would Strengthen Social Security. It is well understood that Social Security’s financing needs shoring up; we’ve been drawing down the trust funds to meet current obligations… Read more
Before the first presidential debate fades into the next news cycle, there are three economic points that bear revisiting: We need a new paradigm for trade policy. The outsider campaigns of Trump and Sanders, along with the realities of many people and communities hurt by globalization, have elevated international trade as a major issue in this… Read more