by jpitney | May 13, 2025 | Higher Education, Taxes
Jessica Blake at Inside Higher Ed: House Republicans on the Ways and Means Committee released the full version of a long-awaited tax bill Monday that does for higher ed exactly what they suggested it would in a draft version Friday: dramatically increase the excise...
by jpitney | Apr 24, 2025 | Economic Policy, Taxes, Trade
Understanding the Effects of Tariffs By Kyle Pomerleau | Erica York Abstract We provide an overview of the major implications of tariffs on the economy, federal revenue, and households. Tariffs do not directly affect the trade deficit, which is driven by net lending...
by jpitney | Mar 22, 2025 | California Politics, Taxes, Transportation
Many people in the Santa Clarita Valley Inland Empire have long commutes. Charging people for the miles they drive? Absolutely not. This would be another costly blow to people who live where they can afford and have no choice but to drive long distances to work. This...
by jpitney | Mar 14, 2025 | Economic Policy, Taxes, Trade
‘Milton Friedman, April 27, 1978: The interesting question, and the question I want to explore with you today, is why is it that interference with international trade has been so widespread, despite the almost uniform condemnation of such measures by economists?...
by jpitney | Jan 21, 2025 | Taxes, Trade
Paul Wiseman at AP: In fact, its is importers — American companies — that pay tariffs, and the money goes to U.S. Treasury. Those companies, in turn, typically pass their higher costs on to their customers in the form of higher prices. That’s why economists say...
by jpitney | Jan 20, 2025 | Taxes, Trade
Colin Grabow at Cato: Most notably, a US International Trade Commission report that examined the tariffs … found that duties on steel and aluminum led to the protected industries (e.g., US steel mills) increasing their output by an average of $2.8 billion ($1.5...
