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September 30, 2014
The Big Tax Increase Nobody Noticed
A new paper from the Center for Economic and Policy Research (CEPR) examines the results of two recent polls that indicate that the American public may not be as sensitive to changes in taxation rates as conventional wisdom holds.
The report, “The Big Tax Increase Nobody Noticed,” details the results of two Google Consumer Survey polls conducted by CEPR in 2013 and 2014. The polls asked respondents about the payroll tax that funds Social Security and whether that tax rate had changed that year. In the 2013, the majority of respondents (56 percent) did not know if their taxes went up or down and just 29 percent knew that the payroll tax did in fact go up. This is striking since the expiration of the payroll tax holiday meant that the tax increased a full 2.0 percentage points. In 2014, when the Social Security payroll tax rate was unchanged, 68 percent responded that they did not know while 20 percent thought the tax had gone up. This 20 percent number can be taken as an estimate of the share of the public who believe taxes go up every year regardless of whether they do or not. This would imply that in the 2013 survey, only 9 percent actually recognized a significant increase in the Social Security payroll tax.
September 29, 2014
Report Examines Economy and Social Indicators During the Past Decade in Brazil
The Center for Economic and Policy Research (CEPR) released a research paper today that looks at social and economic indicators, as well as policy changes that have occurred since 2003 in Brazil.
“The lives of tens of millions of Brazilians have been transformed by the economic and social policy changes of the past decade,” said CEPR Co-Director Mark Weisbrot, lead author of the paper. “A sharp increase in economic growth, combined with increased social spending, large increases in the real minimum wage, and increased bargaining power for labor allowed for greatly reduced poverty and unemployment, as well as declining inequality.”
September 11, 2014
The Affordable Care Act and Part-Time Employment: A Family-Friendly Policy
A new paper from the Center for Economic and Policy Research (CEPR) provides details on an interesting trend in part-time employment over the last year.
July 31, 2014
Economists Call on Congress to Mitigate Fallout from Ruling on Argentine Debt
Over 100 economists, including Nobel laureate Robert Solow, Branko Milanovic and Dani Rodrik called on Congress today to take action to mitigate the harmful fallout from the recent ruling by Judge Griesa of the U.S. District Court for the Southern District of New York that requires Argentina to pay holdout creditors at the same time as the majority of creditors.
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