All posts in Politics & Economics
Obama Says More Tax Revenue Is Necessary
During the fiscal cliff debate, President Obama was straightforward in discussing his solution on how to further reduce the budget deficit: more taxes are needed. He criticized the idea that “deficit reduction is only a matter of cutting programs.” But […]
CEOs Try to Escape Higher Taxes Going into Effect in 2013
Many business executives- including some at companies such as Cablevision and Google- took action in late 2012 as the expiration of the Bush tax cuts loomed. By selling stock at the end of 2012, these executives saved a considerable amount […]
Democratic Leaders Seek More Tax Revenue
Congress reached a compromise on the “fiscal cliff” in early January under which the Bush income tax cuts were renewed for all except high-income taxpayers. However, increased payroll and Medicare taxes took effect on January 1. Moreover, President Obama and […]
President Obama Seeks to Make Tax Code More Progressive
Congress passed the “fiscal cliff” legislation in early January 2013 that prevented the expiration of the “Bush tax cuts” for middle and lower class Americans. However, it is interesting to examine what the Obama administration hoped would occur in terms […]
Americans Must Decide which Economic Vision They Will Pursue
For the last several years, the United States has debated the merits of two clashing economic visions. The first holds that increased national economic growth has the potential to benefit all, even if it contributes to income disparities. The second […]
Medicaid Funding Invites Abuse
The federal government provides states with “matching” Medicaid funds, although different states have different matching percentages. These matching percentages are calculated based on several variables, such as a state’s per capita income, but the federal government covers at least 50 […]