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Abstract: On January 1, 2013, the Bush tax cuts will expire and other new taxes that congressional leaders have recognized would damage the economy will take effect. President Barack Obama’s proposal to increase taxes on only “high-income earners” would also be economically destructive, reducing economic output by an average of $196 billion per year over 2013–2022 relative to current tax policy. Congress and the President would better serve the country by reforming the tax code in a pro-growth, revenue-neutral way and by reducing federal spending. ....
A major report by the Congressional Budget Office (CBO) confirms that Medicare premium support (a defined-contribution system of health-plan financing) would make the financially troubled federal program more fiscally sustainable.[1] The CBO finds that, in a new competitive system of health plans, private plans can offer the same benefit and services as traditional Medicare fee-for-service (FFS) plans at a lower cost to taxpayers. ....
The federal commissioner for labor statistics will discuss the basic ways in which work is changing in the midst of the covid pandemic and how it could impact the future workplace at 7:30 p.m. Oct. 5 at Saint Vincent College’s Fred M. Rogers Center near Latrobe. William Beach, who has ....