Taxing Solutions

By Econ70 | 11/06/2013

While corporate tax reform is admittedly a longshot, here are two ideas that should rank high in any effort. Eliminate the business deduction for interest payments so that debt would not have more favorable tax treatment than equity. Second, require all firms with $100 million or more in sales to pay the corporate income tax.…

Read More

Week is Strong

By Econ70 | 04/02/2013

Personal income rose 1.1%, consumer spending jumped a robust 0.7%, the Fed’s preferred inflation gauge rose just 1.3% over the past year, consumer confidence increased, GDP for Q4 was revised up by 0.3% and house prices rose 8% year-on-year! But, unemployment claims were a bit higher, house sales fell a tad and savings remains painfully…

Read More