This week on Off the Charts, we focused on the economy, the federal budget and taxes, Social Security, and state budgets and taxes.
On the economy, Chad Stone explained that the November jobs report shows the jobs market is not strong enough to justify policymakers’ letting emergency federal unemployment insurance expire. Stone also pointed to his latest U.S. News blog post charting the growth in income inequality in recent decades. Chuck Marr warned that allowing unemployment benefits to expire would be detrimental to the economy. We highlighted Jared Bernstein’s post for theNew York Times’ Economix blog that listed five ideas for getting back to full employment.
On the federal budget and taxes, Chye-Ching Huang listed three important facts about tax expenditures.
On Social Security, Kathy Ruffing illustrated that Social Security benefits in the United States are modest by international standards.
On state budgets and taxes, Michael Mazerov noted that by declining to hear a challenge to New York State’s “Amazon law,” the Supreme Court has helped pave the way for states and localities to collect Internet sales taxes.