Andrew Roth - February 16th, 2012
The Grey Lady advocated for no minimum wage in 1987 and then advocated for a higher minimum wage in 2012. Mark Perry has the deets.
Andrew Roth - February 01st, 2012
Andrew Roth - January 27th, 2012
By now, everyone has heard Warren Buffett complain that he pays less than his secretary does in federal taxes, and therefore, the government should raise his taxes. But he fails to include the taxes that he pays as a shareholder of his company, Berkshire Hathaway. This blogger explains it quite nicely:
Hat tip: Greg Mankiw
Barney Keller - January 25th, 2012
Andrew Roth - January 20th, 2012
Check out this crazy idea:
The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.
The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.