As the helicopter carrying top Indian opposition leader Narendra Modi descended toward a rally in the grounds of the turreted Bangalore Palace, the crowd of more than 300,000 erupted in applause and chanted his name.
Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered by 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and the tax system is slightly more progressive.
Allowing emergency unemployment benefits to expire at the end of the year would cause the U.S. jobless rate to decline by as much as 0.5 percentage point, according to Michael Feroli at JPMorgan Chase & Co.
When Barack Obama was elected president in 2008, voters were not merely choosing a candidate they found more compelling. They also were endorsing a renewal of the notion that government could be a force for good.