Michael's political/economic blog

What are the key features of the tax deal?
-     The Bush tax cuts will be extended for two years. (Until the next elections in Fall, 2012. When we will get to do it all over again.)
-     The tax cuts will include everybody, including the top 2% of all Americans. (The Democrats wanted to extend the [...]

Where are we? There are currently 15,000,000 unemployed workers in the U.S. Approximately 9,000,000 of them are receiving unemployment benefits, either from the states or the feds. (Many of them are about to lose their benefits, unless Congress passes the Obama/Republican tax bill, which will extend benefits for many unemployed people by another 13 months.)
 
We [...]