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A Dynamic Analysis of the 2001 and 2003 Bush Tax Cuts: Applying an Alternative Technique for Calibrating Macroeconomic and Microsimulation Models

The authors use a microsimulation model of the federal individualincome tax and the Global Insight short-term U.S. MacroeconomicModel to analyze the dynamic economic and budget effects ofpermanently extending some of the expiring provisions of the 2001and 2003 tax laws.
United States Kevin Hassett David Wyss Tracyl Foertsch James Poterba Alan Auerbach

Census Report Adds New Twist to Income Inequality Data

On August 28, the U.S. Census Bureau released its annual report on poverty, income inequality, and the number of Americans with health insurance. The report announces good news: In 2006, a growing economy increased the median family income and lowered the poverty rate. Furthermore, income inequality did not statistically increase.  
United States Robert Rector S Hederman Jr Census Bureau Heritage Foundation Us Census Bureau

Minimum Wage, Maximum Trouble on hold

Supporters of the latest minimum-wage hike have the best of intentions. They want the higher minimum wage to lift low-income families out of poverty -- but that doesn't change where the road paved with good intentions leads. The increase will actually harm the very workers it's intended to help. Raising the minimum wage seems an obvious way to help low-income workers. Their wages go up and they earn more money. How could raising the minimum wage possibly hurt them?
United States James Sherkis Bradley Elizabeth Kirkpatrick Theodored Tieken Jr Nancy Tieken Gadwall Habitat Foundation

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