As 2014 draws to a close, many people are thinking of tax planning strategies. Some might donate to charity, others might choose to pay state taxes early. One novel idea that has just been proposed on Capitol Hill would allow people to decide when to pay estate taxes.
Civil forfeiture laws, though designed as legitimate law enforcement tools used to combat the international drug trade and terrorism funding networks, have mutated into a way for government to steal from innocent individuals. Yes—believe it or not, this is happening in the United States.
If you had told an economics practitioner 30 years ago that the Federal Reserve would hold the U.S. benchmark rate close to zero for six years, he would have said, nonsense. How could a highly developed $17.5 trillion economy function with such low interest rates for so long without generating huge imbalances or raging inflation?
The NLRB wants to do everything in its administrative power to tilt the playing field towards unionization-even if it goes against decades of precedent. That is the only reason for the new rules. A solution would be for the 114th Congress to send President Obama a bill to reverse the new rules before they come into effect in April.
“Although many politicians say they support economic growth, the federal government goes out of its way to criminalize broad ranges of economic activity. It’s as simple as this: A person or a company wants to provide a good or a service, and Uncle Sam says no.”
Now that the Federal Reserve has ended its massive bond-buying programs, will it take the next step towards re-normalizing its policies and signal that interest rates will soon be on the rise? The Federal Open Market Committee will answer this question on Wednesday, when it releases the policy statement at the close of its two-day meeting.
Although many politicians say they support economic growth, the federal government goes out of its way to criminalize broad ranges of economic activity. Here are six examples, and there are many others.
The United States is negotiating two trade agreements that have the potential to expand U.S. exports to a billion global consumers. The U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP) would liberalize trade between the United States and 39 countries across five continents, which collectively account for almost two-thirds of global economic output.
Unlike the happy message of the SEIU, a newly published National Bureau of Economic Research paper shows that increasing the minimum wage reduces both the likelihood of employment and average income. The research should be a warning to low-wage workers: Unions who purport to represent your interests are often just representing their own.