February - 2019

SOUND ECONOMIC AND PUBLIC POLICY (SEPP) CONSULTING

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Amazon owes ZERO... Wait Negative Taxes.

Amazon owes ZERO... Wait Negative Taxes.

In December 2017 as President Trump signed into law the Tax Reform bill which the GOP controlled Congress muscled through both the House and Senate, I looked at the bill and wrote a short piece that attempted to provide a quick assessment of the claims being touted that the reform was good for the US economy. My assessment of the Tax Reform law for corporations is being borne out. I wrote at the time that in view of the fact that the average effective corporation tax rates th

How Bodes the US Economy?

How Bodes the US Economy?

Stock markets seem to have somewhat stabilized from the huge volatility that rocked the economy late last year. The government shutdown is over and federal workers will receive their backpay. The Federal Reserve left interest rates unchanged in their last meeting a few days back, and the jobs situations showed continued strong growth with over 300,000 jobs added (beating forecasts) and the labor force participation rate also ticked up by 0.1% to 63.2%. By these measures and p

Government Shutdown Again? Nah

Government Shutdown Again? Nah

Today as Congressional talks on the border wall continue but look unlikely to produce the $5.7 billion funding the President has asked for I am going out on a limb to say that I do not see any shutdown in the near future as a result of what will likely still remain an impasse. To end the last shutdown, which cost the economy about $3 billion in unrecoverable losses and a lot of untold hardship and inconveniences to affected federal workers and many others whose livelihoods ar