Alan Auerbach News
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New evidence that the slowdown in health care costs over the past five years is happening not only because of a weak economy comes from the Economic Report of the President, released last week by the President’s Council of Economic Advisers. If the slowdown were to continue in the future, the report shows, Medicare spending would basically remain flat as a share of the economy.
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President Barack Obama has interviewed Rebecca Blank, a labor economist at the Commerce Department, to replace Austan Goolsbee as head of the White House Council of Economic Advisers, according to a person familiar with the matter.
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Washington loves its panaceas. A few years ago, it was Army General David Petraeus who could fix any problem -- up to and perhaps including the presidency. Then it was the Simpson-Bowles commission, or maybe the congressional supercommittee on deficit reduction. Today’s cure-all? Tax reform.
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Mitt Romney says his tax plan adds up. President Barack Obama says it doesn’t. They don’t even agree on what “add up” means.
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Texas Governor Rick Perry says he will soon offer a flat-tax proposal, his latest bid to draw distinctions with Mitt Romney in a Republican presidential race that is becoming increasingly contentious.
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California voters, who approved statewide sales and income tax increases of $6 billion a year, also approved higher sales levies in about two dozen cities and counties strained by the financial downturn.
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Republicans and Democrats spent last summer battling how best to save $2.1 trillion over the next decade. They are spending this summer battling how best to not save $2.1 trillion over the next decade.
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The year is under way and the screens, news pages and airwaves have been filled with assessments, some contradictory, of America’s economic health.
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Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.
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A high quality, economically sensible tax cut. That’s the impression Barack Obama wants to convey about the business investment tax-credit plan the president announced last week.
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