What the President needs for a positive economic legacy is both a continued macro upswing that further softens the sour taste from his five years of an underperforming labor market, and policy achievements in his final two years in office that improve long-term U.S. growth.
Making the debt limit a political issue is harmful to the economy as it leads to increased uncertainty. There are more important issues such as Ebola, ISIS and Obamacare that we should focus on instead.
Our nation still faces a severe long-term budget imbalance that will force Congress and the president to make choices that both political parties would prefer to avoid.
Growth is the problem. Or more precisely, slow growth is the problem. It’s the reason so many public policy questions in the United States now seem impossible to resolve. And it is the reason about 65 percent of voters believe the country is on the wrong track, according to an averaging of recent public polls by RealClearPolitics.
Maryland's income tax scheme is discriminatory in and of itself because it systematically imposes tax burdens on interstate economic activity that are greater than the burdens imposed on economic activity conducted solely within Maryland.
Michael Strain, Resident Scholar, discusses the potential unintended consequences for fast food workers of raising the minimum wage.
At roughly 39% (including state taxes), the U.S. corporate tax rate is the highest among developed countries. Also, the United States is one of the few countries still taxing the active foreign-source income of its corporations.
This chart tells you quite a bit of information. It plots the ratio of the level of unemployment and the level of job openings—in other words, it reports how many job seekers there are for every job opening.
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