Bullcap and trade

• Matthew Yglesias cites a new CBO study (with a great chart) showing the relative effects of carbon credit auctions versus carbon credit giveaways on household income. Simply, auctioning carbon credits to industry and using that money to issue rebates to energy users results in gains for the lowest quintiles and modest losses for the […]

Galt schmalt

While some loony Republicans attempt to convince high-earners to “Go Galt” by refusing to offer their contributions to society until the lower classes learn to accept their inferiority, you see others going the opposite route. It really is nice to see people looking out for each other and acknowledging that being a low-wage worker doesn’t […]

Ben Nelson vs. The Budget

from Politico: “I have major concerns about trying to raise taxes in the midst of a downturn of the economy,” said Nelson, the conservative Nebraska Democrat. “On the one hand, you’re trying to stimulate the economy. On the other hand, you’re trying to keep money from going into taxpayers’ pockets. It’s very difficult to make […]