Source: Real Clear Markets
News
Jan. 19, 2017
But Brown’s fiscal restraint posturing is more talk than action. His first enacted budget since re-election in 2010 totaled $128.3 billion (June 2016 dollars) in General and Special Fund expenditures. By 2016-2017, the budget had ballooned 30 percent to $167.1 billion. Overall, Brown has increased real General and Special Fund spending by an average of 5 percent per year.
News
Oct. 23, 2016
The federal government subsidizes the fossil-fuel industry to the tune of about $3 to $5 billion dollars per year (the exact amount depends on whose numbers you believe). . . According to the apolitical U.S. Energy Information Agency, the federal government spends about $3.5 billion per year subsidizing the coal, petroleum and natural gas industries. By contrast, the Feds dole out about $15 billion every year in subsidies to the renewable energy industry (mainly to support new wind and solar projects) and $20 billion per year for agricultural subsidies and insurance.
News
June 23, 2016
It's simple arithmetic, writes Mark Warshawsky of the Mercatus Center at George Mason University, author of the study. Paying for expensive health insurance squeezes what's left for wage and salary raises. Economic inequality increases, because health insurance typically represents a larger share of total compensation for lower-paid than higher-paid workers. Their wages are squeezed the most.
News
June 22, 2016
The USA Today editors hit the nail on the head in their assessment that, "The best way to deal with inversions and other tax-avoidance games is to cut the high corporate tax rates that are prompting corporate leaders to seek relief in gimmicks. Like so much else in Washington, however, efforts to fix corporate taxes are going nowhere fast. Congress is loath to take on a tough issue. And the Obama administration continues to push Band-Aid efforts."
News
June 7, 2016
Close to 500 company leaders-from family-owned small businesses to world-recognized brands-are on Capitol Hill as part of the NAM's 2016 Manufacturing Summit. We are making one request of policymakers: Unleash our power to compete and win globally, with a focus on three key legislative issues: the Trans-Pacific Partnership (TPP), a fully functioning Export-Import (Ex-Im) Bank Board and comprehensive business tax reform.
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