- Tearin’ up my tweet: ‘N Sync’s Lance Bass promotes wrong Obamacare website
- Oil rig worker says he saw missing plane go down: report
- Pentagon: U.S. F-16 fighter jets to train with Poland near Ukraine
- Jerry Sandusky’s wife: Victims manipulated over money
- Ben Carson: America’s now ‘very much like Nazi Germany’
- Heroin found on N.J. toddler at day care
- Pistorius trial: Police conduct faces scrutiny
- Gaza militants fire large rocket barrage at Israel
- CBO chief: Projected job loss numbers from minimum wage hike are fluid
- Rep. Rangel: ‘No question’ Harlem explosion is result of gas leak, not terrorism
Latest Gary Burtless Items
Maybe the health care law was about wealth transfer, after all.
Various measures of the income gap between the rich and everyone else show that inequality soared to record highs after the Great Recession. But what those measures do not reveal how a battery of government benefits ranging from unemployment aid and middle-class tax cuts to Medicaid and food stamps substantially cushioned the economic blow on the middle class and poor.
California moved into uncharted territory last week by pushing its minimum wage toward $10 an hour. There is some dispute about whether this will help or hurt low-wage workers, and some question whether it is properly targeted at those most in need.
The U.S. economy is getting a boost from the awakening of long-slumbering sectors such as housing and local government, even as previously strong sectors such as exports and business investments decline.