The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.

Some Elements of a Progressive International Trade Policy

There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.

D&S BLOG

One More for The Road: Global Stimulus

D&S Admin Aug 21, 2009

On the plus side, German business sentiment and Eurozone purchasing managers' index readings expanded at unexpectedly rapid rates according to the FT.

On the negative side, the Asahi Shimbun says Japan's stimulus program has wastefully overestimated the demand for homebuilding program it's poured 350 billion yen (about $3.5 bn) into. Japan is facing an election in a few weeks, and the powerful building lobby certainly has something to do with that.

Published in: D&S BLOG

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Dollars & Sense is a non-profit, non-hierarchical, collectively-run organization that publishes economic news and analysis.

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