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.

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

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….