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Taxes, Government Transfers, and Income Inequality

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THE Congressional Budget Office recently published a report, The Distribution of Household Income and Federal Taxes, 2011, which examines incomes and taxes across income brackets from 1979 – 2011.  In short, the report found that higher earners experienced greater income gains, and government transfers and taxes helped reduce inequality. As the report notes, market income* has grown considerably for […]

The story of the boy who cried ‘STEM Labor Shortage’

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It is no generally conceded that the current economic environment is qualitatively different from that which prevailed little more than a decade ago.  That is, we are in the midst of a “new economy” . . . . . . Clearly Maine has a significant challenge in amassing the highly skilled human resources that are […]

Business-targeted tax cuts do not improve state economies

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FROM a London School of Economics and Political Science paper by Soledad Artiz Prillaman and Kenneth J Meier (my emphasis): Studying the 50 U.S. states over the past four decades, we find that tax incentives to businesses prove unhelpful in stimulating economic growth and may even be harmful to state economies. Over the past 30 […]

What we know and what we (should) know that we don’t know about minimum wage increases

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FROM a piece in the in the BDN regarding the minimum wage debate: Democratic candidates for Maine governor and the U.S. Senate joined former Ohio governor and U.S. Rep. Ted Strickland and Portland Mayor Michael Brennan on Tuesday to call for an increase in the minimum wage, expansion of health care benefits and other steps […]