Posts filed under “Taxes and Policy”

Brother, Can You Spare 12 cents for Crumbling Infrastructure?

In the middle of the last century the U.S. started building the Interstate Highway System. It’s now named after President Dwight Eisenhower, who shepherded its passage through Congress in 1956. Connecting the far-flung corners of this large nation, this 47,714 mile network allows commerce to flow freely. The cost of construction, adjusted for inflation, was more than $400 billion. By any imaginable measure, it was a wild success, and soon became the envy of the world.

The construction and maintenance was paid for mainly through levies on sales of vehicles, tires and related goods, and a federal gasoline tax that generates about $28 billion a year for the Highway Trust Fund.

The assumption was that the system’s maintenance and improvements would be paid for by users: Those who drove on the roads and highways. The fairest way to assess that was through a gasoline tax. Drive more or bigger vehicles, you pay more. Seems rather logical.

Fast-forward a half-century.

 

continues here

Category: Really, really bad calls, Taxes and Policy, Transports

Impact of Oil Price Drop on Producer Nation Deficits

click for larger graphic Source: Economist

Category: Digital Media, Energy, Taxes and Policy

Weak Eurozone

Source: Deutsche Bank Research, The House View, 25 November 2014

Category: Economy, Markets, Politics, Taxes and Policy

Falling apart: America’s neglected infrastructure (60 Minutes)

Falling apart: America’s neglected infrastructure

Source: 60 Minutes

More videos after jump
Read More

Category: Really, really bad calls, Taxes and Policy, Video

Govt Spending: Jobs & Education vs War & Social Security

Shocking what many people support is a function of age:   Via Vox

Category: Employment, Taxes and Policy, Wages & Income, War/Defense

U.S. Debt Held by Foreigners Hits Record $6.07 Trillion

Posted without comment: Source: Real Time Economics

Category: Credit, Data Analysis, Economy, Fixed Income/Interest Rates, Taxes and Policy

Reassessing the Effects of Extending Unemployment Insurance Benefits

Reassessing the Effects of Extending Unemployment Insurance Benefits Pedro S. Amaral and Jessica Ice To deal with the high level of unemployment during the Great Recession, lawmakers extended the availability of unemployment benefits—all the way to 99 weeks in the states where unemployment was highest. A recent study has found that the extensions served to…Read More

Category: Data Analysis, Economy, Politics, Taxes and Policy

Offshore Profits Avoid IRS Reach

Source:Bloomberg Visual Data

Category: Taxes and Policy

Economics Advances One Funeral at a Time . . .

Quantitative easing over. It is a good occasion to consider what we know about central bank intervention, when it is appropriate and when it isn’t. We have a century of broad and deep central bank history and data upon which to make our assessment. Yet we seem to ignore much of what has been learned…Read More

Category: Economy, Politics, Really, really bad calls, Taxes and Policy

Presidential Job Creation

Source: The Fix

Category: Economy, Employment, Politics, Taxes and Policy