Max B. Sawicky
By Area of Research:
October 3, 2013 |One of the more baffling messages in the current debate over the economy and “Obamacare” is the hue and cry over the trend in part-time employment.
August 29, 2007 |See Snapshots archive. Snapshot for August 29, 2007. Bush tax changes wreck budget by Max Sawicky New projections from the Congressional Budget Office provide the ingredients for two important stories about the nation’s fiscal condition if the Bush tax cuts are extended rather than allowed to expire.
June 26, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN PAJAMASMEDIA.COM ON APRIL 25, 2007. ] Healthy?
June 26, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN PAJAMASMEDIA.COM ON APRIL 11, 2007. ] Clinton saves but Nixon invests There are jobs only the government can do or fund.
June 12, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN PAJAMASMEDIA.COM BLOG ON JUNE 6, 2007. ] Immigration?
June 12, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN PAJAMASMEDIA.COM BLOG ON MAY 24, 2007. ] Old Europe Works By Max Sawicky Read comments for this blog entry.
June 12, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN PAJAMASMEDIA.COM BLOG ON MAY 7, 2007. ] France: One Step Forward, Two Steps Back By Max Sawicky Read comments for this blog entry.
June 11, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN TPM CAFE BLOG ON MAY 31, 2007.
June 11, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS PIECE ORIGINALLY APPEARED IN TPM CAFE BLOG ON MAY 29, 2007.
February 27, 2007 |Critics of the minimum wage sometimes suggest tax credits as an alternative means to increase the income of low-wage earners. While there is a case for tax credits (Batchelder, Goldberg, and Orszag 2006; Sawicky 2006a), they work much differently than a wage floor, and any change in tax credits must confront the problem of how the change would fit into the existing tax system and its array of credits, deductions, and exclusions.
February 15, 2007 |Opinion pieces and speeches by EPI staff and associates. [ THIS OP-ED ORIGINALLY APPEARED IN FEBRUARY 19, 2007 ISSUE OF BUSINESS WEEK. ] Minimum wage, maximum pork The breaks could just as easily benefit owners not affected by the wage increase By Max B.
January 31, 2007 |The House of Representatives has passed an increase in the minimum wage, but the proposal faces obstacles in the Senate ostensibly founded on a desire to compensate small business owners for the burden such an increase might impose.
November 1, 2006 |See Snapshots Archive. Snapshot for November 1, 2006. Fuel for Thought: The High Cost of Energy By Max B. Sawicky After exceeding $3.00 per gallon, gas prices fell this fall and many breathed easier.
November 1, 2006 |Why do most Americans think the American economy isn’t working for them? Why are they anxious about the future? A look at some of the trends shows that they have good reason to worry. What’s happened to family income?
May 31, 2006 |See Snapshots Archive. Snapshot for May 31, 2006. How to spot a progressive tax cut The new head of President Bush’s Council of Economic Advisers, Edward Lazear of Stanford University, recently wrote in the Wall Street Journal that the president’s tax cuts have made the tax code more progressive. This statement caps a long-standing campaign by conservative ideologues to muddle the concept of “progressive taxation.” Economists disagree about many things, but there is a long-standing consensus that a “progressive” tax is one in which the average rate—i.e., tax liability divided by income—rises as income increases. The tax code may be dubbed “more progressive” under a spurious White House definition of progressivity, but not according to any valid, commonly accepted one.
April 6, 2006 |Opinion pieces and speeches by EPI staff and associates. [ THIS TESTIMONY WAS PRESENTED BEFORE THE U.S. HOUSE OF REPRESENTATIVES’ COMMITTEE ON SMALL BUSINESS ON APRIL 5, 2006.
April 5, 2006 |April 2006 | EPI Book Bridging the Tax Gap Addressing the Crisis in Federal Tax Administration Max B. Sawicky, editor Table of contents | Executive summary | About the authors Read news release Purchase this publication Table of contents Executive summary Max B.
February 6, 2006 |See Snapshots Archive. Snapshot for February 6, 2006. Bush Administration policies and the deficit In federal budgeting, what is said and what is done can be very different. Past talk of spending cuts by Republicans has not panned out. A comparison of Bush policies, judging by performance to date, suggests that a Howard Dean Administration would be doing much better with regard to control of deficit spending.
January 12, 2006 |Opinion pieces and speeches by EPI staff and associates. [ THIS OP-ED FIRST APPEARED IN THE RIVERSIDE PRESS-ENTERPRISE ON NOVEMBER 20, 2005. ] Taming the spending beast How can Congress reassert control over the U.S.
December 20, 2005 |Opinion pieces and speeches by EPI staff and associates. [ THIS OP-ED ORIGINALLY APPREARED IN TOMPAINE.COM ON OCTOBER 13, 2005.] The Next Great Theft?
November 17, 2005 |See Snapshots Archive. Snapshot for November 21, 2005. Rethinking the tax benefits for homeowners The recommendations of the president’s Advisory Panel on Tax Reform seem to have gone down faster than the Titanic, but the issues raised in its report will persist: federal budget deficits are on an unsustainable course; the need for tax increases will be inescapable; and broadening the base of the income tax will be necessary. There are two basic ways to broaden the tax base, either eliminate or scale back deductions, or reduce the preferences granted to investment income—chiefly capital gains, dividends, and assorted tax-advantaged savings vehicles such as individual retirement accounts and employer-paid pensions. This Economic Snapshot examines the effects of the home mortgage interest deduction.
The President’s Tax Reform Panel: Increased Burdens for Working Families, Less Tax for the Wealthiest Americans
October 31, 2005 |On November 1, the President’s Advisory Panel on Federal Tax Reform is scheduled to deliver its report and recommendations. The Commission has already discussed basic principles and released some ideas informally.
October 13, 2005 |1994 | EPI Study Up From Deficit Reduction by Max B. Sawicky This publication is available in PDF format. Purchase this publication
October 13, 2005 |1991 | EPI Study The Roots of the Public Sector Fiscal Crisis by Max B. Sawicky This publication is available in PDF format.
September 21, 2005 |See Snapshots Archive. Snapshot for September 21, 2005. Red ink rising A new Congressional Budget Office analysis offers a clearer picture of the federal budget challenges ahead. Under its plausible assumptions, current Bush administration policies will likely produce high and persistent deficits, a scenario that is quite different from both the baseline projections reported by the Congressional Budget Office and the administration’s own budget projections. The baseline figures are prepared according to procedures set by law. The problem is that in recent years legislation has been deliberately written to defeat the purpose of the projections by stipulating decreases in spending and increases in taxes that are unlikely to occur. Bush budget projections fall prey to the same problem. In addition, the Bush numbers do not include certain of the administration’s commitments, such as the costs of switching part of Social Security to private accounts. Hence these budget estimates understate the cost of implementing the president’s policy goals. The new estimate, prepared by the CBO at the request of ranking minority member of the House Budget Committee John M.
September 13, 2005 |See Snapshots Archive. Snapshot for September 13, 2005. Death and taxes (part II): Wealthiest estates account for most of revenue generated by estate tax The vast bulk of estate tax revenue is paid by a minority of taxable estates, thus most taxable estates contribute very little to overall estate tax revenue. Consequently, the number of estates subjected to the tax could be drastically reduced with relatively little revenue loss or effect on the federal budget deficit.
September 8, 2005 |See Snapshots Archive. Snapshot for September 8, 2005. Death and taxes (part I): who pays the estate tax and how much Most criticism of the Federal Estate and Gift Tax often exaggerates its impact with claims that 55% or more of an individual’s estate will be taken by the government. The 55% figure actually refers to the former marginal statutory rate of the tax, that is, the amount of each additional dollar due in tax for very large estates. This rate was repealed in 2001. The top marginal rate has since been reduced to 47%, and under current law it phases down to 45% by 2007. But again, this is only on very large estates.
September 7, 2005 |Eight steps to deficit reduction for growth and fairness by Jeff Faux and Max Sawicky This publication is available in PDF format.
September 7, 2005 |Deficit reduction for growth and fairness by Jeff Faux and Max Sawicky
September 7, 2005 |Investing the peace dividend How to break the Gramm-Rudman-Hollings stalemate by Jeff Faux and Max Sawicky