In Washington this week, the Senate will take up the Employee Free Choice Act (EFCA). Passed by the House 241-185 in March, EFCA would make it much easier for unions to organize. Predictably, red state Republican Senators backed by an alliance of business groups led by the U.S. Chamber of Commerce will likely prevent the […]
Category: Economy
A new study released this week revealed that Americans' health care varies dramatically from state to state. It should come as no surprise that in general Southern states ranked at the bottom in almost every category. After all, whether the issue is health, education, working conditions, or virtually any indicator of social pathology, things are […]
Monday's New York Times offers an analysis of the latest front in the partisan class war, the battle to collect unpaid taxes. The plot of this morality tale is predictable. On one side, Democrats seek to capture up to $100 billion in tax fraud to help fund their "paygo" budget plans. On the other, the […]
Tuesday's State of the Union Address should offer Americans compelling viewing. After the GOP's electoral disaster in November and the resounding thud that greeted the "surge" in Iraq, the 2007 SOTU can be said to officially mark the last throes of the Bush presidency. In anticipation of tomorrow night's presidential flight of fantasy, here are […]
In Washington this week, the Democratic-controlled House takes on the first minimum wage increase since 1997. But while the federal government has blocked help for 13 million working Americans (9.8% of the workforce) for a decade, many states have already moved forward with their own minimum wage hikes. And as you might imagine, few of […]
With each passing week, Americans are provided more insight into the deeply flawed character and mounting sins of their President. The latest comes in the form of a study by the Center for Academic Integrity at Duke University showing that more MBA students cheat than those pursuing other professions. In what should come a surprise […]
Two new reports this week served to highlight the central role of the housing market in the U.S. economy and in driving the living standards of Americans. Coming on the same day the Dow reached an all-time high, the housing data is not good. On Tuesday, the Census Bureau reported that Americans have become "house […]
Despite grandiose claims from the White House regarding the strength of the U.S. economy, a flood of new data helps explain Americans' continued feelings of insecurity. While the unemployment rate (4.7%), GDP growth (2.9%) and productivity gains (2.3%)look impressive, below the surface the picture for wages and income grows bleaker still. Whether the incumbent Republicans […]
In the latest sign that Republican class warfare is alive and well in Washington, the IRS is planning draconian cuts to its team of estate tax lawyers handling the audits of the wealthiest Americans. In the next 70 days, the IRS will shed almost half of the 345 lawyers assigned to monitor the gift and […]
On Monday, billionaire financier Warren Buffett made two important contributions to the public good. First, he announced a staggering gift of $30 billion of his fortune to the Bill and Melinda Gates Foundation. Perhaps more important for America's future, Buffett came out swinging in defense of the estate tax. During his press conference, Buffett offered […]