James Pethokoukis

10 reasons to be cautious on economy

May 3, 2010

I will say this: As much as I press WH officials to take a victory lap on the economy, they want no part of that — especially not with unemployment at these high levels and the evolving EU debt crisis. ┬áDavid Rosenberg of Gluskin Sheff gives some more reasons for caution:

Mankiw on the VAT

May 3, 2010

A nice primer on the issues surrounding a value-added tax from Greg Mankiw. This is the key part for me:

Wealth taxes, Washington’s next bad idea

May 3, 2010

Some Democrats seem to have no problem raising the cost of capital.  Dividend taxes rates are scheduled to triple, while capital gains rates will only increase by a mere 60 percent. But as a I poke around the liberal idea factories here in Washington, I am hearing more and more about wealth taxes on the wealthy, just like they have in Europe.