Maybe it’s the holiday season, but if the reports are true President Obama and congressional Republicans have reached a compromise on extending the
Like a falling barometer indicates impending bad weather, the actions of businesses are an early warning sign when Congress is about to harm the economy. Congress and the President continue to drag their feet on extending the 2001 and 2003 tax relief. The common assumption is that some compromise will …
Last Friday the Labor Department reported that private sector employers added an anemic 50,000 net jobs to the U.S. economy in November. That is far fewer than what is needed to absorb discouraged workers reentering the workforce or population growth. As a result, unemployment rose to 9.8 percent, marking the …
President Barack Obama’s 18 member National Commission on Fiscal Responsibility and Reform (commission) just voted 11-7 in support of the commission’s official report. This is three votes short of the 14-vote mark President Obama said would be needed before the report could be sent to Congress. While the commission deserves …
In light of the impending Obama Tax Hikes, Mercatus Center senior research fellow Veronique de Rugy created the chart to the right illustrating Hauser’s Law which Standford University professor Kurt Hauser recapped in this weekend’s Wall Street Journal: Over the past six decades, tax revenues as a percentage of GDP …
