Hey, What’d I Miss? OTE Summary, 7/16 – 7/22

Jul 23, 2012 at 11:41 am

• Examining a potential shift to territorial taxation:  the offshoring of jobs happens — it’s part of globalization — but the last thing you’d want to do from a policy perspective is incentivize more of it!
• Considering three monhts of falling retail sales:  a negative trend in 2012q2 corresponds to the slower growth in the job market.
• Clarifying the difference between firms and establishments:  is the lion’s share of job growth really coming from small businesses?
• Looking back on President Obama’s decision to rescue the two auto companies — GM and Chrysler — that were facing liquidation in 2009:  a good deed goes unrecognized.
• Analyzing the tax debate from a sub-national level:  no matter how you slice it, you will be very hard pressed to make an argument that Americans are overtaxed.
• Praising Brookings economist Bill Gale’s recent oped:   a new, simple, smart plan for the fiscal cliff (and for solving a lot of other problems including sleep deprivation).

Bonus:  got two minutes?  Listen to my CBPP colleague Bob Greenstein explain the truth on the “fiscal cliff.”

(H/t: GL!)

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