In Some Ways, We Should Be More Like Europe

Namely, the United Kingdom.  Yesterday Chancellor George Osborne announced his plan to lower the corporate tax rate from its current 20 percent to 17 percent in 2018. (It was originally planned to fall to 18 percent in 2018). Additionally, the U.K. capital gains tax top rate will all from 28 percent to 20 percent, and […]

Should Walmart Imitate Costco?

The following is the Executive Summary from a soon-to-be-published NCPA policy report. There has been much debate over the past few years about raising the national minimum wage to $10 or even $15 an hour. In areas where the minimum wage is at or slightly above the federal level of $7.25, unions have complained that […]

Will the Joint Employer Rule Hurt Franchises?

Two significant rulings by the National Labor Relations Board in 2015 expanded the interpretation of the “joint employer” rule.  Joint employer is a designation given when two firms are involved in the employment practices of an employee. In a case involving Browning Ferris Industries, the NRLB ruled that Browning Ferris was not only responsible for those it […]

North Carolina Is on a Roll

I have previously written about some policy changes going on in North Carolina. They lowered their state income tax rates two years ago in order to become more competitive (see the NCPA analysis here), and they refused a federal extension of unemployment benefits in 2013, which resulted in their unemployment rate falling faster than the […]

Forget the 4.9% Unemployment Rate; 95 Million are not Working

New government data shows that job growth slowed in January.   According to the Bureau of Labor Statistics, the economy added 151,000 new jobs and the unemployment rate went down to 4.9 percent. But the low unemployment numbers are partially distorted by the low 62.7% labor participation rate that continues to dominate the so-called “Obama Recovery.” […]

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 […]

Last Week’s Washington Update

The U.S. economy created more jobs last month, although the labor participation rate remains historically low. U.S. stocks tanked this week as Communist China tries to figure out how to run their stock market.  North Korea says they tested an H-bomb, but did they really?  Saudi Arabia and Iran are in the midst of a […]

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 […]