White House Unveils Regulatory Review
President Barack Obama announced earlier this year to undertake a grand review of economic regulation in the United States and get rid of rules that “are not worth the cost, or that are just plain dumb.” Today, the first plans are in and you can review them here. There is a lot of sensible stuff among the different proposals. Red tape has been rising under | Read More »
Should The Rich Pay More in Taxes?
The United States, like most nations in the developed world, maintain a progressive federal income tax system, meaning people not only pay a given percentage of their income in taxes but that percentage increases for high income earners, from 10 percent for individuals making a little more than $8,000 a year to 35 percent on incomes over $370,000. As a result, in 2008, the top | Read More »
Paul Krugman’s Big Government Fantasies
Economist and New York Times contributor Paul Krugman rallies against Republicans’ spending cuts in his latest column, blaming them for sacrificing America’s future in favor of short term political gain. Krugman notes that while the majority of Americans support budget cuts, they actually like to keep the government spending that benefits them. Thus, “Republicans don’t have a mandate to cut spending,” he believes. The fact | Read More »