Author Archive

The Superbowl of Jock Taxes

For anybody who thinks that professional athletes get paid too much, here is an interesting article from Forbes on the “jock tax.”  According to K. Sean Packard, Carolina Panthers quarterback Cam Newton will be hit with a hefty tax bill simply for playing in the Superbowl, located this year in Santa Clara, California.  His tax […]

Walmart’s Decision Not to Build Two More Stores in D.C. is no Surprise

After “promising” back in 2013 to build two stores east of the Anacostia River in Washington, D.C., Walmart has announced it will no longer do so.  One reason, according to the Washington Times, is that their three existing stores in D.C. are not performing as well as hoped.  But according to Townhall, the company also cited high building […]

SOTU: Obama’s “Rigged” Economy

But there are other areas where it’s been more difficult to find agreement over the last seven years – namely what role the government should play in making sure the system’s not rigged in favor of the wealthiest and biggest corporations.  And here, the American people have a choice to make… …Most of all, democracy […]

Can the Job Market Continue to Pick Up Momentum?

Before I perused this morning’s employment summary from the BLS, I was not expecting much good news. While overall there is nothing spectacular to write about, there are some glimmers of hope.  The unemployment rate sat at 5 percent at the end of December, no change from last month.   But this does not tell us […]

It’s That Time Again…for Tax Extenders

Congress and the Administration approved the FY 2016 Consolidated Appropriations Act nearly two weeks ago, which will fund the federal government through September 30, 2016 to the tune of $1.149 trillion. The Omnibus bill includes $548 billion in defense spending, $58.8 billion for the War on Terror and $518 billion in non-defense spending. (Remember those spending caps in the Budget […]

Are Holiday Yard Inflatables On the Way Out?

Update:  I ran the following blog post last year in response to the ubiquitous inflatable yard creatures that are found in most neighborhoods.  But this year there seems to be far fewer.  Could they be just a passing trend?  Your thoughts? First, let me start by saying I love the free market – whether it be the marketplace […]

Politics and Investment Options Don’t Mix

In the midst of rightly placed concerns over proposed new Department of Labor (DOL) fiduciary rules for brokers, the DOL has also issued a new interpretive bulletin designed to politicize investment choices.  How so?  As Andy Kessler writes in the Wall Street Journal, a previous 2008 Interpretive Bulletin issued by the DOL encouraged pension fund […]

Welders Do Not Earn More Than Philosophers, But Rubio Has a Point

During last night’s debate, Senator Marco Rubio applied economic principles to numerous subjects including the public school system, higher education and the job market.  In explaining his opposition to free college tuition – which has been championed by Hillary Clinton and Bernier Sanders – Sen. Rubio advocated for increasing vocational training. He stated, “For the […]

In the Minimum Wage Debate, There Is Still No Such Thing as a Free Lunch

The City Club, a progressive advocacy group in Portland, Oregon, recently published a report arguing that the city needs a higher minimum wage than the current state minimum wage of $9.25 an hour.  This will stimulate consumer spending, they say, by putting more money in the pockets of workers.  Additionally, they find that most businesses […]

NCPA’s New DCGE Tax Model

In case you missed it yesterday, we here at NCPA are pleased to announce that we now have a tax model to – well – model taxes!  Developed by Beacon Hill Institute, the dynamic computable general equilibrium (DCGE) model, will measure the impact of tax changes on economic variables such as capital stock, employment and wages. […]