Search results
Results From The WOW.Com Content Network
US interest rates have been at 23-year high for months, yet unemployment is low, stocks have reached repeated record highs and there’s no recession in sight.
The first date (1979) reflects the more egalitarian pre-1980 period, 2007 was the peak inequality of the post-1980 period, and the 2014 number reflects the Obama tax increases on the top 1% along with residual effects of the Great Recession. [6] Total effective tax rates (includes all taxes: federal+state income tax, sales tax, property tax ...
The Federal Reserve's decision this week to hike interest rates a whopping 75 basis points -- the first time that's happened in 28 years -- is intended to do one thing: Tamp down the highest ...
Reverting to Clinton-era tax rates for these taxpayers would mean increases in the top rates to 36% and 39.6% from 33% and 35%. This would raise approximately $850 billion in revenue over a decade. It would also mean raising the tax rate on investment income, which is highly concentrated among the wealthy, to 20% from 15%. [38]
Revenue provisions would add a total of $3,638 billion to the deficits for the 2013–2022 period, an average of $364 billion per year. The baseline assumed the income tax cuts would expire at all income levels, so only raising income tax rates for higher income taxpayers causes the deficits to rise substantially relative to the baseline.
Some economists say that with the nation's unemployment rate near record lows and wages rising steadily, big tax cuts and drops in interest rates would trigger new inflation. That's because ...
If high inflation strikes the American economy, high interest rates are likely to follow. Even though rising interest rates can make all types of financing -- from credit cards to home mortgages to...
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...