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Would A Tax On Aig Bonus Recipients Really Be A Tax
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Book Synopsis Would a Tax on AIG Bonus Recipients Really Be a Tax? by : Erik M. Jensen
Download or read book Would a Tax on AIG Bonus Recipients Really Be a Tax? written by Erik M. Jensen and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proposals seem to have fallen by the wayside by mid-2009, but earlier in the year Congress seriously considered imposing a “tax” of up to 90 percent on bonuses received by employees (and former employees) of AIG and other entities that had benefited significantly from Troubled Asset Relief Program funds. (Indeed, the House actually passed one proposal, which would have imposed a levy on only this discrete group of taxpayers and that would have applied to only this one category of income.) This article considers whether such a levy, applicable at a nearly confiscatory rate, would be constitutional. The article concludes that, if the levy were to derive its authority only from the Taxing Clause - if, that is, no other provision in the Constitution such as the Commerce Clause would give Congress authority - the levy would be constitutionally suspect. The levy's “taking-like” characteristics would be fundamentally different from what the Taxing Clause contemplates as a “tax.”
Book Synopsis Act of Congress by : Robert G. Kaiser
Download or read book Act of Congress written by Robert G. Kaiser and published by Vintage. This book was released on 2014-01-28 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Washington Post Notable Book An eye-opening account of how Congress today really works—and how it doesn’t— Act of Congress focuses on two of the major players behind the sweeping financial reform bill enacted in response to the Great Crash of 2008: colorful, wisecracking congressman Barney Frank, and careful, insightful senator Christopher Dodd, both of whom met regularly with Robert G. Kaiser during the eighteen months they worked on the bill. In this compelling narrative, Kaiser shows how staffers play a critical role, drafting the legislation and often making the crucial deals. Kaiser’s rare insider access enabled him to illuminate the often-hidden intricacies of legislative enterprise and shows us the workings of Congress in all of its complexity, a clearer picture than any we have had of how Congress works best—or sometimes doesn’t work at all.
Book Synopsis Tax Withholding and Estimated Tax by :
Download or read book Tax Withholding and Estimated Tax written by and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Congressional Record by : United States. Congress
Download or read book Congressional Record written by United States. Congress and published by . This book was released on 2008 with total page 1682 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Author :United States. Congress. House. Committee on Oversight and Government Reform Publisher : ISBN 13 : Total Pages :160 pages Book Rating :4.:/5 (327 download)
Book Synopsis AIG Bonuses by : United States. Congress. House. Committee on Oversight and Government Reform
Download or read book AIG Bonuses written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2010 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Fighting Chance by : Elizabeth Warren
Download or read book A Fighting Chance written by Elizabeth Warren and published by Macmillan. This book was released on 2014-04-22 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Elizabeth Warren tells the story of the two-decade journey that taught her how Washington really works and really doesn't.
Book Synopsis Bootleggers & Baptists by : Adam Smith
Download or read book Bootleggers & Baptists written by Adam Smith and published by Cato Institute. This book was released on 2014-09-07 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public. Yandle’s theory asserts that regulatory “bootleggers” are parties taking political action in pursuit of economic gain. Regulatory “Baptists” are parties participating in group action driven by an avowed higher moral purpose or desire to serve the public interest. By examining major regulatory activities including Obamacare, the recent financial crisis bailouts, climate change legislation, and rules governing “sinful” substances, Bootleggers & Baptists reveals that lasting regulations require moral and financial advocacy to survive the American political process. With countless regulatory initiatives on the horizon, this book is a must-read for all who are concern about over-regulation and government intrusion in our daily lives.
Book Synopsis First 100 Days of President Obama by : David J. Phillips
Download or read book First 100 Days of President Obama written by David J. Phillips and published by iUniverse. This book was released on 2009-05 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: The swooning frenzy over Barack Obama as President of the United States is an artificially created absurd wave of self-deception. His cult following is bereft of reason and devoid of facts. He is a celebrity in the mold of an intelligent, articulate Paris Hilton. In no way does he resemble a statesman. Each day in the age of Obama takes us further into lawlessness, situational constitutionalism and institutional derangement. We are turning into a banana republic where the "rule of law" is replaced by "the tyranny of the majority". The political machination of Liberals, in the name of an economic recession that they are manipulating is undermining our founding principles. President Obama is accumulating massive power in Washington justified by the need to save the nation with a whirlwind of activity. He is recklessly over compensating, throwing trillions of dollars around for a quick fix which will be a millstone around the necks of future generations. He then dishonestly claims that the USA will arise stronger than before. When traveling abroad, President Obama has an arrogant humility. He portrays a proud but flawed United States, using a refrain of past mistakes of his predecessor to generate personal popularity. He talks about the nation's darker periods of slavery and repression and its past sanction of torture that he has ended. Chicago Politics have come to the White House. No president in the past 40 years has done more to polarize America so much, so quickly. Afghanistan is sliding back to its pre-9/11 days that allowed the country to become a safe haven for al-Qaeda leaders plotting terrorist attacks. Obama's soft shoe confusion will also be a disaster in neighboring Pakistan where nuclear bomb technology is available.
Book Synopsis BNA Pension & Benefits Reporter by :
Download or read book BNA Pension & Benefits Reporter written by and published by . This book was released on 2010 with total page 1598 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To the Edge written by Philip A. Wallach and published by Brookings Institution Press. This book was released on 2015-04-21 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Were the radical steps taken by the Treasury Department and Federal Reserve to avert the financial crisis legal? When and why did political elites and the general public question the legitimacy of the government's responses to the crisis? In To The Edge: Legality, Legitimacy, and the Responses to the 2008 Financial Crisis, Philip Wallach chronicles and examines the legal and political controversies surrounding the government's responses to the recent financial crisis. The economic devastation left behind is well-known, but some allege that even more lasting harm was inflicted on America's rule of law tradition and government legitimacy by the ambitious attempts to limit the fallout. In probing these claims, Wallach offers a searching inquiry into the meaning of the rule of law during crises. The book provides a detailed analysis of the policies undertaken—from the rescue of Bear Stearns in March 2008 through the tumultuous events of September 2008, the passage of the TARP and its broad usage, the alphabet soup of emergency Federal Reserve programs, the bankruptcies of Chrysler and GM, and the extended public ownership of AIG, Fannie Mae, and Freddie Mac. Throughout, Wallach probes the legal bases of the government's actions and explores why concerns about the legitimacy of government actions were only sporadically grounded in concerns about legality—and sometimes ran directly against them. The public's sense that government officials operated through ad hoc responses that favored powerful interests has helped bring the legitimacy of American governmental institutions to historic lows. Wallach's book recommends constructive and sensible reforms policymakers should take to ensure accountability and legitimacy before the government faces another crisis.
Book Synopsis Stress Test by : Timothy F. Geithner
Download or read book Stress Test written by Timothy F. Geithner and published by Crown. This book was released on 2014 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the former Treasury Secretary, the definitive account of the unprecedented effort to save the U.S. economy from collapse in the wake of the worst global financial crisis since the Great Depression.
Book Synopsis The Economy and Economics After Crisis by : Jüri Sepp
Download or read book The Economy and Economics After Crisis written by Jüri Sepp and published by BWV Verlag. This book was released on 2011-01-01 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contemporary Issues In The Post-crisis Regulatory Landscape by : Imad A Moosa
Download or read book Contemporary Issues In The Post-crisis Regulatory Landscape written by Imad A Moosa and published by World Scientific. This book was released on 2016-10-14 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book deals with contemporary issues in financial regulation, given the post-crisis regulatory landscape. The major idea put forward is that rampant corruption and fraud in the financial sector provide the main justification for financial regulation. Specific issues that are dealt with include the proposition that the Efficient Market Hypothesis was both a cause and a casualty of the global financial crisis. The book also examines the regulation of remuneration in the financial sector, credit rating agencies and shadow banking. Also considered is financial reform in Iceland and the proposal to move away from fractional reserve banking to a system of sovereign money. A macroeconomic/regulatory issue that is also considered is quantitative easing and the resulting environment of ultra-low interest rates.
Book Synopsis Journal of the House of Representatives of the United States by : United States. Congress. House
Download or read book Journal of the House of Representatives of the United States written by United States. Congress. House and published by . This book was released on 2011 with total page 1532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some vols. include supplemental journals of "such proceedings of the sessions, as, during the time they were depending, were ordered to be kept secret, and respecting which the injunction of secrecy was afterwards taken off by the order of the House."
Book Synopsis Rethinking the Financial Crisis by : Alan S. Blinder
Download or read book Rethinking the Financial Crisis written by Alan S. Blinder and published by Russell Sage Foundation. This book was released on 2013-01-03 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis. How have these stunning events changed our thinking about the role of the financial system in the economy, about the costs and benefits of financial innovation, about the efficiency of financial markets, and about the role the government should play in regulating finance? In Rethinking the Financial Crisis, some of the nation’s most renowned economists share their assessments of particular aspects of the crisis and reconsider the way we think about the financial system and its role in the economy. In its wide-ranging inquiry into the financial crash, Rethinking the Financial Crisis marshals an impressive collection of rigorous and yet empirically-relevant research that, in some respects, upsets the conventional wisdom about the crisis and also opens up new areas for exploration. Two separate chapters–by Burton G. Malkiel and by Hersh Shefrin and Meir Statman – debate whether the facts of the financial crisis upend the efficient market hypothesis and require a more behavioral account of financial market performance. To build a better bridge between the study of finance and the “real” economy of production and employment, Simon Gilchrist and Egan Zakrasjek take an innovative measure of financial stress and embed it in a model of the U.S. economy to assess how disruptions in financial markets affect economic activity—and how the Federal Reserve might do monetary policy better. The volume also examines the crucial role of financial innovation in the evolution of the pre-crash financial system. Thomas Philippon documents the huge increase in the size of the financial services industry relative to real GDP, and also the increasing cost per financial transaction. He suggests that the finance industry of 1900 was just as able to produce loans, bonds, and stocks as its modern counterpart—and it did so more cheaply. Robert Jarrow looks in detail at some of the major types of exotic securities developed by financial engineers, such as collateralized debt obligations and credit-default swaps, reaching judgments on which make the real economy more efficient and which do not. The volume’s final section turns explicitly to regulatory matters. Robert Litan discusses the political economy of financial regulation before and after the crisis. He reviews the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which he considers an imperfect but useful response to a major breakdown in market and regulatory discipline. At a time when the financial sector continues to be a source of considerable controversy, Rethinking the Financial Crisis addresses important questions about the complex workings of American finance and shows how the study of economics needs to change to deepen our understanding of the indispensable but risky role that the financial system plays in modern economies.
Download or read book Bailout written by Neil Barofsky and published by Simon and Schuster. This book was released on 2013-02-05 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes a new foreword to the paperback edition.
Author :United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Publisher : ISBN 13 : Total Pages :390 pages Book Rating :4.0/5 ( download)
Book Synopsis American International Group's Impact on the Global Economy by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Download or read book American International Group's Impact on the Global Economy written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2009 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt:
