Category Archives: Economics

Commentary on economic issues

Extend the Bush tax cuts — especially for the rich

Unless Congress acts before the end of this year, the largest tax increase in American history is due to take effect when the Bush tax cuts expire at midnight December 31. According to the Tax Foundation, in the absence of Congressional action we can expect: The two “marriage penalty elimination” provisions will expire, so that: … Read more Extend the Bush tax cuts — especially for the rich

Climate change and Keynesianism

Back in December 2004 the magazine Science published science historian Naomi Oreskes’ summary of an analysis of the abstracts of the peer-reviewed scientific studies dealing with climate change that had been published between 1993 and 2003. In the article, Oreskes reported that, of the 928 abstracts analyzed, fully 75 percent endorsed or accepted the hypothesis … Read more Climate change and Keynesianism