Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

May 2014 Payroll Employment

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

Click on the image to get a bigger version.

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.

RSS Feed

Tax Foundation

April 30, 2018, 8:10 pm, 1849876

Last Friday, Maine Governor Paul LePage released his biennial $6.8 billion budget. Under his new budget, LePage introduces several changes to the tax code, including changes to individual income taxes, corporate taxes, the sales tax, and the elimination of the estate tax.

One major reform proposal in the state’s ...

April 30, 2018, 8:10 pm, 1849877

A lot of tax discussion recently has focused on foreign exchange rates and border adjustments. Rather than talk about difficult abstractions, I thought it might be helpful to think about things in terms of a real physical business and its real physical outputs.

What follows, I hope, will help show ...

April 30, 2018, 8:10 pm, 1849878

With the elections over and Donald Trump the President-elect, the question becomes how Trump can fulfill his campaign promises. One of his promises is job growth in the U.S. But in an economy where below 2 percent growth has become normal, Trump will have to think creatively about stimulating ...

April 30, 2018, 8:10 pm, 1849879

On January 1st, the controversial Philadelphia soda tax took effect. It is levied at a rate of 1.5 cents per ounce, which is 24 times the tax levied on beer in the state of Pennsylvania. This stark new tax has prompted a few interesting reactions on Twitter ...

April 30, 2018, 8:10 pm, 1849875

On January 4, Indiana legislative leaders unveiled a plan to raise fuel taxes by 10 cents per gallon, increase the vehicle registration fee by $15 per year, and create a $150 per year fee on electric vehicles. All told, the plan would raise $300 million per year, costing ...

April 30, 2018, 8:10 pm, 1849874

State-level taxes may be the most visible source of state government revenues for most taxpayers, but it’s important to remember that they are not the only source of state revenue. State governments also receive a significant amount of assistance from the federal government in the form of federal grants-in-aid. ...

April 30, 2018, 8:10 pm, 1849871

Frequent travelers are painfully familiar with the high taxes that many localities and special tax districts levy on rental cars. Many can recall at least one instance when the tax burden rivaled or even exceeded the cost of the car itself. Even by these standards, however, Chicago is an ...

April 30, 2018, 8:10 pm, 1849872

Many people are beginning to wrap their minds around the House Republicans’ proposed destination-based cash-flow tax and what it means for tax reform. Most people are still looking into the tax’s impacts on trade and how it will impact different industries. However, one important issue that has yet to be ...

April 30, 2018, 8:10 pm, 1849873

Illinois continues to struggle with its budget. The state’s most recent stopgap budget expired on December 31, 2016. To perhaps break up the political logjam, Illinois senators of both political parties have begun negotiations on a compromise plan, which includes tax changes, pension reforms, and expanded ...

April 30, 2018, 8:10 pm, 1849870

Earlier this month I highlighted a potential tax compromise brewing in Illinois. State senate Republicans and Democrats released a proposal to increase Illinois’s individual income tax and corporate income tax, expand the state’s Earned Income Tax Credit, and create a statewide sugary beverage tax, among other things. The ...