Monthly Archives: December 2012

Originally posted on owenzidar:
According to today’s NEC and CEA report, Allowing the middle-class tax rates to rise and failing to patch the Alternative Minimum Tax (AMT) could cut the growth of real consumer spending by 1.7 percentage points in 2013.…

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Broad-Based Tax Increases Are Rare

Zach Goldfarb has a story today that points out how rare broad-based tax increases are. I posted earlier about the history of individual income tax changes at the federal level – here is a similar chart that I made that includes payroll … Continue reading

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Mankiw on Middle Class Taxes

Greg Mankiw: Even if President Obama wins all the tax increases on the rich that he is asking for, the long-term fiscal picture will still look grim. Perhaps we can stabilize the situation for a few years just by taxing … Continue reading

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Delong on the Lack of a Political Reaction to the Second Gilded Age

Brad Delong: Ray Ginger put it in two absolutely brilliant books–Altgeld’s America and The Age of Excess–even the Republicans thought that they wanted to live in Abe Lincoln’s America, where when you are young you split wood into fence rails and go … Continue reading

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What Would Happen If Charter School Availability Were Expanded Greatly?

An interesting job market paper from Christopher Walters of MIT: ABSTRACT: Lottery-based instrumental variables estimates show that Boston’s charter schools substantially increase test scores and close racial achievement gaps among their applicants. A key policy question is whether charter expansion … Continue reading

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Value of Infrastructure: Silicon Prairie Edition

I recently visited the headquarters of Google Fiber, which is a large infrastructure investment google has been rolling out in Kansas City that provides 100x faster internet. The tour guide claimed that home values in the green zone have increased … Continue reading

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Debt Ceiling Deja Vu – What Happened Last Time?

This Stevenson & Wolfers op-ed from the last time games were played with not raising the debt ceiling has some informative, unpleasant graphs on consumer confidence and employment growth:

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