Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .


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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?


Click on the chart for a larger version.


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Tax Foundation


September 27, 2016, 5:03 pm, 1679016

Taxes played a central role in last night’s presidential debate, as Hillary Clinton and Donald Trump presented contrasting visions for U.S. economic policy. The candidates mentioned taxes over 40 times throughout the course of the debate, promoting their respective tax plans and criticizing each other’s proposals. ...


September 27, 2016, 1:03 pm, 1678924

Today is September 27, the date Google has decided is its birthday. Happy birthday, Google!

Here are some interesting links I came across:

Debate Night: Taxes came up. My colleague Scott Greenberg is writing an analysis that will be posted today. (Tax Foundation)

Majority of Senate Signs on to Beer Tax ...


September 26, 2016, 1:03 pm, 1678581

Today is September 26, the date of the first televised presidential debate, between John F. Kennedy and Richard M. Nixon in 1960. While most scholarship on the debate focuses on Nixon’s haggard appearance or Kennedy’s flouting of the rules (it was supposed to be on domestic policy, and Kennedy ...


September 23, 2016, 5:03 pm, 1678113

Regular readers of Tax Foundation reports know that we publish estimates of the distributional impact of federal tax changes: that is, we estimate how a tax reform might affect the after-tax incomes of taxpayers at different income levels.

The way we usually have organized this is by percentile. For example, ...


September 23, 2016, 1:03 pm, 1678037

Today is September 23, the birthday in 63 B.C. of the Emperor Augustus, Rome’s first emperor and the namesake of the month of August. Among other things he was a tax reformer, replacing arbitrary and intermittent tributes collected by private tax collectors with a system whereby civil servants ...


September 22, 2016, 7:03 pm, 1677843

This morning, Hillary Clinton’s campaign announced a proposal to significantly increase the federal estate tax. Among other things, the proposal would increase the top estate tax rate to 65 percent for estates worth more than $1 billion, modeled off of the “billionaires’ surtax” proposed by Bernie Sanders. ...


September 22, 2016, 1:03 pm, 1677713

Today is September 22, the birthday of California activist Howard Jarvis (1903-1986), champion of California’s Proposition 13 (1978) and namesake of the Howard Jarvis Taxpayers Association. After years of skyrocketing property tax increases, Prop. 13 immediately cut property taxes by 30 percent and capped them thereafter: property ...


September 21, 2016, 3:03 pm, 1677395

Last week, the Center on Budget and Policy Priorities (CBPP) released a critique of the Tax Foundation’s Taxes and Growth (TAG) Macroeconomic Model. Most of the authors’ comments center around the fact that our macroeconomic results differ, sometimes significantly, from those offered by both the Congressional Budget Office (CBO) ...


September 21, 2016, 1:03 pm, 1677352

Today is September 21, the feast day of the Christian Apostle Matthew. According to Matthew 9:9-13, Matthew was a tax collector (then a form of sinner, apparently) when he was called to follow Jesus.

Here are some interesting links I came across:

Speaker Ryan Speaks on Tax Reform: House ...


September 20, 2016, 9:03 pm, 1677151

It looks like as early as Wednesday, the House of Representatives may consider H.R. 2315, the Mobile Workforce Income Tax Simplification Act of 2015. (Companion measure is S. 386.) Here's what it's about.

The bill limits states from imposing or collecting individual income tax on people who are in the state ...