When talking heads converge

The public finance wonk in me just loves this.  Just passing on what the CP had a few days ago actually.  Seems that even though everyone was talking about how important the film industry tax credit in Pennsylvania was to luring the mega Batman production to town, it seems that the producers did not . . . → Read More: When talking heads converge

The Federal Taxpayer Receipt Calculator Has a Problem

From whitehouse.gov:

In his State of the Union Address, President Obama promised that this year, for the first time ever, American taxpayers would be able to go online and see exactly how their federal tax dollars are spent. Just enter a few pieces of information about your taxes, and the taxpayer receipt will give . . . → Read More: The Federal Taxpayer Receipt Calculator Has a Problem

Paradoxes Now, Paradoxes Then

For me the most intersting thing about the latest news on the real estate front is that there just isn’t anyway anyone could find to spin this as less than positive news.  As news on the real estate front nationally continues to be described as anemic at best, locally real estate prices have gone . . . → Read More: Paradoxes Now, Paradoxes Then

Tax Credit A Strong Stimulant For Exisiting Home Buyers In April

Existing home sales soared in April as existing home buyers rushed to take advantage of the tax credit that expired at the end of the month.

On Monday, the National Association of Realtors reported that existing home sales jumped 7.6% last month to a seasonally adjusted annual rate of 5.77 million units, up from . . . → Read More: Tax Credit A Strong Stimulant For Exisiting Home Buyers In April

44% of Major Metros See Home Prices Up

Home prices rose in 67 of 151 U.S. metropolitan areas in Q4, said the National Association of Realtors (NAR) on Thursday. Furthermore the association pointed to a “broad stabilization” of values across the country.

The median price for single-family home resales was up from a year earlier in over 44% of the areas included . . . → Read More: 44% of Major Metros See Home Prices Up

Credit Where Credits Aren’t Due

Ilana Mercer concisely and elegantly makes a point that I’ve been harping on among big-L Libertarians for some time.

“Targeted tax credits” aren’t “incremental moves toward liberty,” they’re just social engineering — shifting the tax burden from those who spend their money the way bureaucrats decide they should spend it, and onto those who . . . → Read More: Credit Where Credits Aren’t Due

Obama Jobs Plan Advances

President Barack Obama pressed forward with his job-creation proposals on Tuesday. Specifics included a hiring tax credit to businesses and other stimulus components. Further, those stimulus programs that he believes have worked best thus far, he would like to extend or amplify.

Thus far the existing stimulus efforts have taken an abysmal rate of . . . → Read More: Obama Jobs Plan Advances