Corporate Tax Rates Don’t Have Much To Do With Economic Growth
Over at The Corner, Veronique de Rugy complains that Republicans are making a hash of tax reform. No argument there. In particular, she’s unhappy about increasing the child tax credit even though she admits it’s politically popular: But is it more important than simplifying the tax code and getting rid of special handouts to preferred…
US Will Likely Admit Far Fewer Refugees Than Allowed Under Trump’s Record-Low Limit
Women and a child migrant from Syria walk towards a refugee camp in Cyprus last month. On Tuesday, the Trump administration effectively banned most Syrian refugees for an additional 90 days. Petros Karadjias/AP Last month, President Donald Trump cut the annual cap on the number of refugees the United States will admit to the lowest…
Republicans Fast-Track Tax Cut for the Wealthy That Increases Deficit by $1.5 Trillion
House Speaker Paul Ryan leads a news conference at the Capitol on Tuesday. Tom Williams/AP After years of railing against deficit spending, House Republicans voted on Thursday for a budget resolution that allows for $1.5 trillion of deficit spending to finance tax cuts. Nearly 80 percent of the cuts would go to the wealthiest 1 percent…
New Mexico Officials Back Down, Abandon Effort to Politicize Science Education Standards
lisegagne/Getty Images The controversy over an attempt by New Mexico’s education agency to scrub evolution, global warming, and even the age of the Earth from the state’s new science standards appears to have reached its end. The state’s Public Education Department on Wednesday evening announced that it would instead adopt the nationally respected Next Generation Science…
What Did the Great Moderation Moderate?
Let’s see. What country am I in today? Oh yeah: the United States. Well, California, anyway, which is sort of an outlying territory these days. So let’s do something America-centric with a chart to get me back into non-vacation mode. Alex Tabarrok points out today that the “Great Moderation” in the US economy appears to…
America’s Biggest Private Prison Company Just Hosted Its Annual Conference at a Trump Golf Resort
President Donald Trump talks to a caddie during a round of golf at Trump International Golf Club in West Palm Beach. Allen Eyestone/The Palm Beach Post via ZUMA Wire The country’s biggest private prison company last week held its annual leadership conference at a golf resort owned by President Donald Trump, underscoring an increasingly cozy…