Tax reform (DBCFT) will not pay for the wall. A remittances tax will not yield sufficient revenues, except perhaps over many years. What about a tariff?
Quantifying Economic Policy Uncertainty since November
Economic policy uncertainty as measured by the Baker, Bloom, Davis news-based index is definitely higher than pre-election.
MacParity Defined Undervaluations: 3.7%, 8.5%, 50.2%
Those are estimated amounts of currency undervaluation, using the Big Mac index and the Penn Effect as of July 2016. Guess which currency is 3.7%, and which currency is 50.2%.
Paying for the Wall/Fence: Capital Controls Edition
Can we fund the partly see-through wall by taxing worker remittances?
Our President
On the occasion of Black History Month [1]:
“Frederick Douglass is an example of somebody who’s done an amazing job and is being recognized more and more, I notice.”
’nuff said.
What Does Corporate Tax Reform and Paying for the Wall Have to Do with Each Other?
Maybe something, maybe nothing.
“Deportability”
From Draft Executive Order dated 1/23/2017:
…DHS and State Department to establish new standards and regulations for determining when aliens will become subject to the “public charge” grounds of inadmissibility and deportability (i.e., their likelihood of requiring public assistance after being admitted into the United States);
Guest Contribution: “Distributional Implications of the Border Adjustment Tax for U.S. Households: Lower- and middle-income households may be hard hit”
Today, we are fortunate to have a guest post written by Kadee Russ, Associate Professor of Economics at University of California, Davis, and formerly Senior Economist for International Trade, Council of Economic Advisers.
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The slowdown in U.S. economic growth
The Bureau of Economic Analysis announced yesterday that U.S. real GDP grew at a 1.9% annual rate in the fourth quarter, well below the historical average of 3.1% per year, but close to the 2.1% average since the recovery from the Great Recession began in 2009:Q3.
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Making American Growth Great (by Spaceology*)
From the Trump-Pence website:
DONALD J. TRUMP’S VISION
…
Boost growth to 3.5 percent per year on average, with the potential to reach a 4 percent growth rate.