James Pethokoukis

Cap-and-trade has a China problem

August 10, 2009

(Lightly microblogging this week from The Great White North)

There is no way this passes US Senate unless it has a tariff that penalizes nations who are not capping climate emissions, such as India and China.  So not only would cap-and-trade create more taxes and regulation, it might spur a bout of protectionism. It is the gift that keeps on giving.

Who would get hit by Democrat healthcare tax?

August 10, 2009

(Lightly microblogging this week from The Great White North)

A plan to tax health plans (via the Senate Finance plan) could create an AMT-type situation where rising inflation causes it to affect more and more Americans each year. Recall that the AMT originally affected only 155 wealthy households.

Will the U.S. job market improve faster than expected?

August 10, 2009

(Lightly microblogging this week from The Great White North)

Ed Yardeni makes the case that the job market may bounce back strongly, kind of (bold is mine):