By Michael Q. McShane
By John Steele Gordon
By Joel M. Zinberg
What’s New on AEI
Apple recorded record profits this quarter, and now Washington wants some. Politicians and lobbyists seem to be frustrated by how expertly Apple navigates the tax codes, but that doesn’t mean they won’t try to take a piece for themselves.
People in the US and other advanced countries with no positive net worth should not be counted as among the world’s poor. Many of these zero- or negative-net worth individuals are young and shouldn’t be expected to have positive net worths yet.
| The Week
A trip to the Reagan ranch revives a sense of American exceptionalism, reminding us that nothing is ordained, that self-dependence is empowering and noble, and that our future is worth fighting for.
Obama can’t leave his comfort zone. No president since Woodrow Wilson has been as enamored of abstract ideas or more sure that disagreement with him is proof of ignorance, bad faith or dogmatism
AEI teamed up with the Bipartisan Policy Center last July to release a chartbook that examined the numbers behind the cost growth in military compensation in more detail.
California is in the process of implementing a new carbon tax. The notion that states can save the planet from getting too hot is great soap opera. It’s just a way to bring more revenue to state governments regardless of its intent.
The Pew Research Center most recently asked Americans about their overall opinions of all four party leaders in the House and the Senate. Although they sit atop Capitol Hill, all four party leaders face an uphill climb to increase their standing among Americans.
President Obama’s middle-class tax plan targeted dual-earner couples, offering nothing to middle-class families with a stay-at-home parent. How many families are we talking about?
By doubling down on this troubled model, the President’s plan would spend more without solving the structural problems that plague it.
The rate of increase in labor productivity in the United States slowed sharply around 2004, after having surged for roughly a decade. A substantial body of research (see, for example, Oliner, Sichel, and Stiroh, 2007) has concluded that the productivity boom from the mid-1990s to 2004 owed to a huge step-up in the growth contribution from information technology (IT).
Important questions remain, however, concerning both the more recent history and the outlook for IT and productivity growth.