Why Economists Continue to Misjudge Tariffs
Impact of Tariffs on American Households One reason economists are still puzzled is that American households are not behaving as models predict. In particular, they aren’t responding to uniform tariff changes in spending. When they do change their behavior, it often seems to pull in different directions, kind of offsetting each other. Recent polls from […]
The Fed Functions Like Universal Basic Income for Economists in Academia
Treasury Department Calls for Thorough Review of Federal Reserve The Treasury Department has initiated a comprehensive evaluation of the Federal Reserve, raising concerns about whether central banks have adequately fulfilled their primary roles in managing monetary policy, supervising major financial institutions, and guaranteeing overall economic stability. “We need to assess the effectiveness of the entire […]
SALT deduction will help ‘none of the 90% of US taxpayers,’ according to economists.
Debate Over Trump’s Tax Bill and SALT Deduction Rep. Mike Lawler from New York recently voiced his concerns about Republican pushback against President Donald Trump’s latest tax proposal during a segment on “Varney & Co.” One major point of contention is the state and local tax (SALT) credit included in the large tax and expenditure […]
Economists supporting Trump make surprising statements
There’s a certain charm in recalling those segments from TV variety shows where famous stars would pose innocent, and often hilarious, questions to children. It’s reminiscent of how some economists connected to President Trump seem to articulate their support for his trade policies and tariffs, almost as if trying to explain the inexplicable. Take Stephen […]
Economists Discover Greater Benefits from Expensing as Senate Considers Tax Proposal
Cost Reductions Drive Business Investments, New Study Suggests Recent findings from a study by the National Economic Research Bureau indicate that lowering the costs associated with business investments could significantly boost capital expenditures, more than analysts in government have typically believed. Essentially, it shows that even a small decrease, just one percentage point in capital […]
Economists Reported a Rise in Small Business Owners’ Optimism in May
A recent survey published on Tuesday indicates that small business owners experienced a slight uptick in optimism during May, according to the National Federation of Independent Businesses (NFIB). The NFIB Small Business Optimism Index, which gauges owners’ expectations for their businesses and the overall economy, increased by three points to reach 98.8, marking a rise […]
Economists caution that a $4 trillion tax increase is possible if the 2017 tax reductions end.
Economists Push for GOP Tax Package Amid Concerns On Thursday, over 300 economists wrote to President Donald Trump and Republican leaders, urging swift action on the GOP tax plan. They believe that passing it is crucial to prevent the 2017 tax cut from expiring, which amounts to around $4 trillion. Leading the effort, economist Stephen […]
Economists caution that tariffs could impact employment
There’s a sense of uncertainty lingering, but June could be when we start seeing the effects of the new tariffs, according to a prominent economist. As reported by the U.S. Bureau of Labor Statistics on May 2, non-farm payroll employment increased by 177,000 jobs in April, which is a slight decline from March’s addition of […]
Fed’s shift to ‘inclusive’ employment goal may be to blame for sticky inflation: economists
The Federal Reserve shift towards more “comprehensive” employment policies in the wake of the Black Life Matter movement could be preventing inflation from curbing, some top economists have suggested. Central bankers have long been wary of both high and particularly low unemployment rates. When unemployment rates were unusually low, they were increasing the rate to […]
Hochul’s polluters pay bill could result in regressive costs for working families: economists
A Democratic bill in New York aimed at making oil and gas companies pay for their pollution could result in regressive costs for working families in the state, energy and economic experts say. he told Fox News Digital. New York Governor Kathy Hochul recently signed into law the Climate Change Superfund Act, which charges polluters […]