Washington Update for the Week Ending September 23, 2016

NCPA tax briefing. NCPA hosted a Capitol Hill briefing last week to educate tax staff and policymakers about the economic effects of the tax plans proposed by the two major presidential candidates.  NCPA Executive Director Allen West spoke about the importance and consequences of tax reform, while NCPA senior fellows David Tuerck and Pamela Villarreal spoke […]

CAFE Standards Distort Auto Production and Push Jobs South

Once praised for refusing to accept a bailout, Ford is now taking heat for deciding build all small cars in Mexico.  Ford already manufactures the Fiesta model in Mexico, and the Focus and C-Max will follow after the newly-proposed $1.6 billion plant is finished.  Given that Ford sales have risen strongly since the recession, what […]

Washington Update for the Week of 9/5

Back to work. Congress went back to work this week after a long summer Congressional recess.  Now, the main legislative objective for September is to pass a funding bill to avoid a government shutdown after the fiscal year ends on September 30. The size, shape and scope of the funding bill remains to be seen.  […]

Washington Update

Breaking economic news. Just in time for Labor Day, new data released from the Bureau of Labor Statistics today shows a modest increase of 151,000 jobs last month. Perpetually tepid economic growth is sure to be a major topic of discussion for the Federal Reserve, which meets next month to discuss whether the economy is […]

Hillary’s Tax Plan: A Wealth Transfer from Nearly Everybody (Not Just the Rich) to Big Government

Two weeks ago, presidential candidate Hillary Clinton spoke to an audience in Warren, Michigan laying out her plans for the economy should she become president.  Of course, this was before NCPA released a new study on Clinton’s tax plan, which is now available.  In her speech, she asked four questions, and based on our analysis […]

Not Much to Say About the Jobs Report

The July jobs report is out.  Nonfarm jobs rose by 255,000, which is more than economists predicted for July. But the unemployment rate still stands at 4.9 percent, and the labor force participation rate is a paltry 62.8 percent, only two-tenths of a point lower than last July.  In terms of demographics: Among all age […]

A Guide to Inequality

Senator Bernie Sanders has now officially dropped out of the race and endorsed Hillary Clinton for President. Despite his loss, the achievement of his campaign should not be dismissed, especially his success with younger voters through populist rhetoric.  Speaking at the Vatican, Senator Sanders stated that “[A]s an increasing share of new wealth and income […]

Free Trade and Candlemakers

Economists are infamous for disagreeing with each other, but one of the few issues to consistently receive unanimous support is free trade.  Policymakers however have failed to take this lesson to heart.  GOP Presidential candidate Donald Trump recently admonished Ford Motor Company for planning to build a new plant in Mexico.  He claims that by hiring […]

How Does the Economy Affect Investments? This Compass Shows You

    In today’s economy, it can be difficult to know what investments are most favored or held back by economic conditions. One effective solution is to classify investment vehicles according to how they perform when the economy is changing in a particular way. The diagram above is shaped like a compass. It’s a simple scheme […]

The Changing Face of SSDI Beneficiaries

As I wrote in a previous blog post, the Social Security Disability Insurance program is suffering a funding shortfall that is exacerbated by a complex bureaucracy and lack of political will for reform.   According to the latest Statistical Report on Social Security Disability, there are 12.1 million individuals currently receiving disability benefits, 8.9 million of them previous workers.  Those who […]