The Obama administration’s plan to cut the corporate rate to 28 percent goes some way toward improving the competitiveness of the U.S. economy as a destination for investment flows, relative to the other OECD countries. However, the plan also calls … read more
Jeff Sachs is in denial once again. In a podcast for BBC News, he bashes Ireland for its low corporate tax policy that, according to him, created a “bubble in the short-term” but did not really build the “long-term platform … read more
The Labor Department reported this morning that the private sector added 230,000 jobs in March, while the public sector lost 15,000 jobs, leading to a net increase of 215,000 jobs. The stock market has reacted positively to the news, since … read more
In a recent article in the Financial Times, Jeffrey Sachs rues the race to the bottom in corporate taxes that is forcing countries like the United Kingdom, Canada, and the United States to engage in tax cutting at a time … read more
A new study out in the American Journal of Medicine discusses what fraction of bankruptcies is caused by medical debt. The paper by Himmelstein, Thorne, Warren, and Woolhandler estimates that 62.1 percent of all bankruptcies in 2007 were medical. This … read more
