Tax Politics
The Politics of Taxes
CBO: The Minimum Wage Bill Will Increase Unemployment
The CBO considered two different possibilities to raise the minimum wage, as a Democrat bill is set to be introduced in the Senate in a few weeks. From the CBO report: "Increasing the minimum wage would have two principal effects on low-wage workers. Most of them...
Work Is Not A “Lifestyle Choice”
It was certainly no surprise to most of us the the CBO report showed Obamacare was costing the economy countless jobs. White House and congressional Democrats could have put a rational spin on it - that this was a necessary price to pay in order to get his signature...
Quickly Noted: Brand Drugs Cut Prices More Than Generics
This was a great article from Forbes countering the misconception that generic drugs are better for price-cutting in the pharmaceutical world. I encourage you to read the piece in it's entirety.
The Massive Farm Bill that Has Little to Do With Farming
Obama signed the Farm Bill into law. This $956 billion bill will set the course of U.S. food policy for the next half-decade. The old farm bill expired in 2012, and its replacement is 959 pages long, costing some $956.4 billion over 10 years. The chart below is...
Public Debt and Rate of Debt Rapidly Increasing Under Obama
The folks over at CNSNews reported that, according to the US Treasury, Public Debt has increased $6.666 Trillion during Obama's Presidency. The amount of debt listed on January 20, 2009 was compared to the amount of debt held January 31, 2014 -- the most current day...
Political Cartoon About Taxes — Still True 80 Years Later
Sad but true: