May 7, 2021
While the maximum tax rate on wage and salary income is significantly higher than for capital income, the effective marginal tax rate—the additional tax paid for additional income earned—is similar when measured across all tax units.
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April 30, 2021
The U.S. economy is still down 6.7 million jobs from one year ago. Over half of those losses are concentrated in two industries: leisure and hospitality; and government.
April 26, 2021
Nearly 25% of the U.S. auto manufacturing supply chain is imported. China, Mexico, and Japan are all important trading partners that support U.S. manufacturers.