Tax Politics
The Politics of Taxes
The Fed and a Possible Recession? One Opinion
Ambrose Evans-Pritchard suggests that a recession might be on the horizon again and Fed decisions are critical: "The risk of a US recession next year is rising fast. The Federal Reserve has no margin for error. Liquidity is suddenly drying up. Early warning indicators...
$587 Billion Deficit for 2016
The fiscal year for 2016 ran from October 1, 2015 - September 30, 2016. According to the Treasury Department statement of receipts and outlays, the government had: $3.267 trillion in tax revenue $3.584 trillion in outlays $587 billion deficit Receipts came from...
Obamacare Enrollment Could SHRINK This Year
From Bloomberg: "A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise. At least 1.4 million people in 32 states will...
Job Creation Lower, Unemployment Inches Up
Nonfarm payrolls increased 156,000 for the month and the unemployment rate ticked up to 5 percent, the Bureau of Labor Statistics reported Friday. Economists surveyed by Reuters had expected 176,000 new jobs and the jobless rate to hold at 4.9 percent. The total was a...
IRS Still Scrutinizing Certain Groups
The long-forgotten IRS scandal has continued to limp along largely unnoticed. Unfortunately, the IRS has not entirely curbed its behavior of discrimination, despite assurances. Some tea party groups still have not had their applications approved; the longest seems to...
NYT Admits Obamacare’s Failures, Considers Options
The New York Times has admitted the failures of Obamacare: loss of insurers in many marketplaces, high premium costs, the collapse of many co-ops, overreaching federal mandates, and more. The Times suggests that change is necessary in order to ensure Obamacare's...