Donald Trump and the Republican Party passed a hefty tax cut and tax reform that is perfectly in line with the types of tax cuts provided by Ronald Reagan and George W.
Category: Economics
Economy and economics, finance, money matters
Forbes “Economist” Claims Price Gouging Laws Are Good Politics But Bad Economics
Even while the flooding from Hurricane Harvey continues, a 2016 article from an “economist” at Forbes is being shared to remind us how good price gouging is for the economy. The article
Misrepresented Harvard Study Does Not Suggest Minimum Wage Increase Harms Economy
There is a fancy new minimum wage study circulating on the internet. Minimum wage ideologues are misrepresenting the study in both mainstream media and partisan Republican sites as some grand evidence to
New Bill Makes Drastic Cuts in Social Security Benefits, Even More Than Doing Nothing
Texas Congressman Sam Johnson introduced H.R. 6489, the Social Security Reform Act of 2016. His proposal would drastically cut average Social Security (SSA) benefits more than just leaving the program the way
AT&T Merger Proposal Violates Economics, AT&T History Lacks Fair Dealing
Telecommunications company AT&T would like to merge with media content provider (and telecom itself) Time Warner. Presidential campaigns have voiced views. Donald Trump says he will not allow such a merger to
ASBC Lobbies Lame-Duck Congress Against TPP on Both Economics and National Security
American Sustainable Business Council (ASBC) issued a letter to top elected officials in Congress, Senators Mitch McConnell and Harry Reid, and House members Paul Ryan and Nancy Pelosi, requesting that leaders “not
Consumers Union to Congress, TPP Dispute System (ISDS) is “Fatal Flaw”
“Consumers Union and Consumer Federation of America urge you not to support approval of the Trans-Pacific Partnership (TPP) trade agreement if presented to you this year, or if presented at any time
New CBO Report Finds Wealth More Concentrated, Bottom Half Lost Ground Since 1989
A new report [PDF] by the Congressional Budget Office (CBO) looks at changes in household wealth from 1989 through 2013. The report finds, “The distribution of wealth was more unequal in 2013
Social Security Deficit Predictions Over Time, the Trustees Have Been Right on Target
In 1983, major changes were made to make Social Security (SSA) able to meet its full obligations for 75 years. Once a year since then, the “trustees” have issued an actuarial document
Giant $32.1 Trillion Hole in Social Security is Almost Beyond Measure! Or Is It?
Every summer, the Social Security Trustees release the annual Trustees Report [PDF]. Resident media scholar on Social Security (SSA) and current presidential candidate Laurence Kotlikoff had this to say to The Wall