The big news, economically and symbolically, is that the unemployment rate fell to 7.8 percent, Marron writes.
To offset the costs of cutting corporate tax rates, policymakers will need to roll back tax preferences, each of which has powerful defenders, Marron writes. To illustrate the challenge, Marron highlights a tax reform calculator from the Committee for a Responsible Federal Budget.
Marron highlights a previous blog post where he explains why almost half of Americans pay no federal income tax. The repost comes in light of a leaked video of Republican presidential nominee Mitt Romney commenting on the 47 percent.
Corporate income tax moves some capital abroad, which reduces worker productivity, wages and benefits, Marron writes. As a result, some of the corporate income tax burden falls on workers.
Investors in the US are flying blind, according to a new report. Many fail to grasp compound interest, don’t understand fees and other investment costs, and aren’t aware about the risks of investment fraud.
Anyone can look at a set of data and misinterpret it. That's why it should be fleshed out with pertinent information.
High-frequency quoting that has skyrocketed recently, leading some in the US to think it might be time for a financial non-transaction tax similar to the one in France. The French will also impose a tax on traders who submit too many unfilled quotes.
A study suggesting Romney's tax plan would raise costs for the middle class got plenty of attention. But its deeper message got lost: Tax reform is hard.
Government payrolls have been shrinking steadily over the 40 years, but the last decade or so has seen an uptick.
Is the government growing or shrinking? The answer isn't so simple.
The economy grew at a disappointing 1.5 percent in the second quarter of 2012, well below the pace needed to reduce unemployment.
A famous experiment, published in 2000, points to something called the Paradox of Choice: more choices lead to lower overall sales. That makes no sense in the narrow rationality often used in economic models, and some evidence suggests it might not actually be true.
Tax policy is ultimately about changing the way people behave. And to do that, you need to understand more than just economics. It's not enough to limit the "tyranny of lawyers." Effective reform requires to cooperation of both lawyers and economists.
Unemployment numbers coming out from the BLS today show payrolls up 80,000, a weak gain not enough to counteract the large numbers of continued unemployed. The employment rate continues to remain low.
Orbitz is experimenting with different criteria as it creates lodging and travel recommendations. The site sometimes looks at operating systems to decide what hotel options to show you. Mac users may be shown pricier options first.
Chinese authorities have artificially lowered the interest rates that regular Chinese citizens earn on their savings and have directed these cheap funds to finance “staggeringly unprofitable” state enterprises that spin out wealth for connected elites.
Held two decades ago, the original Earth Summit gathered world leaders in Rio de Janeiro to try to grapple with climate change, biological diversity, and other environmental challenges. Rio+20 is smaller, but still generating interesting ideas.
Natural gas is now significantly cheaper than gasoline, which could make natural gas vehicles increasingly popular. The biggest potential savers: gas guzzlers like heavy duty trucks.
Many Americans may believe that Medicare is financed like Social Security. They know that a portion of payroll taxes goes to Social Security and a portion goes to Medicare, and they conclude workers are paying for Medicare benefits. This is not true.
Many Americans believe that Medicare is financed like Social Security – mostly through payroll taxes – but that's not the case. Payroll taxes only cover a third of Medicare's cost, with other revenues and borrowing accounting for the rest.