Taxes

1 Temporary Employment: The New Permanent?

As the United States recovers from the 2008 recession, many consider any employment growth to be a good sign. But uncertainties about future tax and health care costs could be inhibiting permanent job…

1 Is the Corporate Income Tax Regressive?

In a recent Iowa speech a heckler yelled at former Massachusetts Governor Mitt Romney to raise corporate taxes. Romney replied, 'Corporations are people, my friend.' He quickly clarified that statemen…

1 A Brief History of the Gold Standard

Congress established a mint in 1792 and defined the dollar in terms of a specific weight in both gold and silver. This put the new republic on a bimetallic standard, common at the time. Initially, the…

1 The Fed's Mandate

When the Federal Reserve was created in 1913, Congress did not give it a monetary policy goal as we understand that term today. The Fed's monetary policy role evolved gradually, and congressional mand…

1 Taxing Tobacco by Risk

Excise taxes are fees levied on specific products like cigarettes, beer and gasoline. Unlike broad-based taxes, such as general sales or income taxes, excises are often paid by a narrow subset of the…

1 Temporary Extension of Tax Relief for 2011 and 2012
1 Make Taxes Visible

Here is an idea that should receive support from just about everyone: the taxpayer savings account (TSA). Instead of the current withholding system, amounts withheld from your paycheck would go into a…

1 The Federal Reserve's Quantitative Easing: Questions and Answers

Recently, the Federal Reserve announced plans to resume monetary easing by purchasing $600 billion in U.S. Treasury bonds by June 2011. Bonds purchases give the sellers additional funds in their banks…