fiscal

No one is forcing you to work minimum wage. Yet the left continues to blame those “evil capitalist business owners.”

Question for liberals: Since you claim the wealthiest people in America don’t pay their fair share in taxes (which is completely false) what percentage of my income should I be able to keep?

Should everyone just be equal? Explain your socialist agenda.

If yesterday’s events were such a horrific defeat for the GOP, as many conservatives are telling us, it’s only because Republican leaders have spent months or years drumming it into GOP base voters’ heads that the most modest of tax increases on the very richest among us would constitute a sellout of deeply sacred principles…. For many House Republicans, this idea — and the broader refusal to compromise at any cost — seems to have become a deeply held and guiding governing principle.
— 

Greg Sargent

Zero compromise for the Republicans will ultimately be their demise.

How Millennials Vote - Pt. 4

Emily Ekins, polling director for Reason Foundation, says millennials are fiscal centrists and social liberals. On fiscal issues, millennials see themselves as closer to Republicans such as New Jersey Gov. Chris Christie than to President Obama, and are centrists. However, millennials rate themselves closer to liberal Democrats such as Obama on social issues.

Read more at The Daily Signal

“I’m for government having as little as possible involvement in everything, fiscal and social” says a straight, cis, white, and able-bodied individual who doesn’t actually have to worry about the consequences that has for everyone else

Did Fiscal Uncertainty Cause the Great Recession?

“The recovery in the United States continues to be held back by a number of other headwinds, including…the restraining effects of fiscal policy and fiscal uncertainty.”

—Ben S. Bernanke, Then-Chairman of the Federal Reserve, July 18, 2012

Over the past six years, policymakers and business leaders alike have seen the U.S. economy buffeted by larger-than-usual uncertainty about fiscal policy.

new study investigates whether this increased uncertainty about fiscal policy has a detrimental impact on economic activity.

Some of the study’s key findings show:

  • There is a considerable amount of time-varying volatility in the empirical behavior of taxes and government spending as a share of U.S. output.
  • Fiscal uncertainty reduces economic activity. When uncertainty spikes, output, consumption, investment, and working hours all drop, staying low for several quarters. 
  • Increased uncertainty about the capital income tax rate lowers output.
  • When the economy has very low nominal interest rates, as is currently the case for the U.S., the effects of fiscal uncertainty are amplified.

“Uncertainty played a significant role in the magnitude and persistence of the Great Recession,” write the study’s authors. 

Read the study….

What? People have more money? Let’s tax them! That’s Obama’s point of view.  Fiscal reform will affect those whose annual income is higher than half a million dollars. Now they are paying at the rate of at least 24%. Obama is going to raise it to 28%. And it will be the second increase of tax rate under Obama’s administration. Republican lawmakers say that they will do all possible to block President Barack Obama’s pitch for tax increases on the wealthiest Americans.