If you wanted to hear some sound economics about trade at last week’s Republican National Convention, it was probably best to ignore the speakers at the podium. But that doesn’t mean it was a completely insight-free zone on the subject.
It wasn’t so long ago that there appeared to be consensus that action needed to be taken — at least on reducing the longer-term gap. The expectation: an eventual compromise consisting of tax hikes and a reduction in projected entitlement spending increases. So what happened?
Lawmakers on both sides have expressed interest in expanding the EITC. But this seems unlikely without addressing the error problem and marriage penalty.
Fueled by solid job gains, low mortgage rates, and high and growing leverage, the national seller’s market is now in its 45th month. Median home prices for the US as a whole have risen relative to median household income, retracing about a third of the drop from the 2006 peak to the 2012 trough, thus crimping affordability.
Data from the National Telecommunications and Information Administration indicate that Americans are concerned about, and recognize important differences between, online security and privacy.
The IRS primarily serves as our nation’s tax collector, but it is also one of our nation’s largest conduits for delivering social benefits, most prominently the earned income tax credit (EITC).
Trump has been right about the political mood throughout this campaign and is right about today’s politics of trade. But his speech at the Republican convention outlined a policy that isn’t consistently based on facts and can’t help the country.
Approximately 40% of US workers are in the service or light manufacturing sector, occupations which pay an average of about $27,000, and these workers struggle the most with finding units in their price range.
Donald Trump missed the opportunity to address core issues in his nomination acceptance speech.
Some people claim you should have retirement savings equal to 8 times your final salary; others say 12; still others say 20. But what does this really mean?