Tax cuts aimed at capital produce the most significant economic benefits. A legacy 2001 IPI study by economists Gary and Aldona Robbins shows that a cut in capital gains taxes would be one of two most effective to stimulate the economy. In their study, the Robbinses concluded that a capital gains cut would spur economic growth substantially more than any other stimulus measure, with economic growth of more than $10 for every dollar of lost revenue
Eight months after instituting a $15 an hour minimum wage hike, New York City employers and workers are feeling the pinch. Reports show business operators are cutting staff, cutting hours, and even raising prices.
This is no surprise.
What did we learn from four hours of 20 Democratic presidential candidates vying for camera time and voter interest?
1. According to the candidates, apparently the greatest existential threat to America (after Donald Trump) is the large corporations that employ millions of Americans.
2. Several candidates want to boldly open the door to socialized medicine now; the others want to sneak it in through the back door...
I thought I was already cynical enough. I guess I was wrong.
Over the years I’ve seen elected Republican politicians telling voters about how strongly they stood for “free-market principles” and then vote in ways that are completely contrary to those principles. I’ve seen it so many times that I didn’t think I could be surprised.
But I was wrong.
After meeting with U.S. officials in Beijing this week, China is in turn expected to send delegates to Washington for continued trade talks.
IPI’s Dr. Merrill Matthews joined a panel on CGTN’s The Heat to discuss whether these meetings are laying hopes for a resolution on trade.
Amid rising tensions in U.S.-China trade, IPI resident scholar Dr. Merrill Matthews joined CGTN America’s The Heat where he noted that China’s retaliatory tariffs are indeed highly targeted toward likely supporters of President Trump, while the U.S.-imposed tariffs are hammering all American consumers and the opposite of “draining the swamp.”
With tax reform having just become law, economists are trying to project the effects on the U.S. economy. Such calculation in a highly complex, dynamic economy is at least as much art as science but one trend seems clear -- the job market will continue to tighten. Some economists are predicting that unemployment will drop to 3%, nearly matching the lowest average unemployment rate on record (2.93% in 1953). But there are jobs and then there are good jobs—which will these new jobs be? A study by NDP Analytics provides some insight. It’s the intellectual property-intensive industries that will be driving the growth and creating the types of jobs and careers that people want.