Interest rates have been so low for so long that further cuts may not do a lot to stave off a slowdown, the economist Austan Goolsbee says. Source: NYT > Business – Austan Goolsbee
Wealth Tax and Free College Get Poll Support. Democrats Worry It Won’t Last.
Despite the popularity of liberal policy ideas, voters said in interviews that an incremental approach had a better chance of success. Source: NYT > Business – Jim Tankersley and Ben Casselman
Back-to-School Sales Tax ‘Holidays’ Lure Shoppers Despite Slim Savings
“People who won’t walk across the street to save $5 on a pair of pants will take a day off from work to take advantage of a sales-tax holiday,” a tax expert said. Source: NYT > Business – Ann Carrns
Big Banks Are Earning Billions of Dollars. Trump’s Tax Cuts Are a Big Reason.
The five largest United States banks reported tax rates of 22 percent or less for the second quarter this year. Lower taxes helped smooth over earnings rough spots. Source: NYT > Business – Emily Flitter
Bond Returns Have Been Spectacular. Don’t Count on a Sequel.
A large and largely unexpected decline in bond interest rates requires downshifting expectations for the future. Source: NYT > Business – Carla Fried
22 States Considered Eliminating the ‘Tampon Tax’ This Year. Here’s What Happened.
Menstrual products are subject to sales taxes in 35 states, and lawmakers’ efforts to exempt them have floundered. Now supporters of ‘menstrual equity’ are considering legal action. Source: NYT > Business – Karen Zraick