For small firms who may lack the financial and legal resources of larger businesses to circumvent or absorb the costs of tariffs, the economic situation is particularly perilous. Only time will tell precisely how much of those costs they can bear. Continue Reading
Given the uncertainty surrounding the economic effects and the poorly targeted benefits and burdens of a minimum wage, it is unlikely to be the best policy to increase the wages of low-wage workers. Continue Reading
Occupational licensing requirements now affect over 1,000 occupations, extending beyond traditionally licensed professions into fields such as sales, personal care, and even (in Massachusetts) fortune-telling. This post examines how policymakers can promote entrepreneurship while ensuring consumer safety. Continue Reading
Cloud computing has not only transformed how businesses and people conduct their daily activities, but it has also clouded the landscape for taxing such technological advancements. Continue Reading
Although controversial, the Trump administration’s efforts to roll back more than 80 environmental regulations may be beneficial for small business and the U.S. economy. Current and future regulations should consider the advantages of a robust small business sector as well as the benefits of environmental protections. Continue Reading
Policymakers have only begun to take steps to manage the tax-related issues arising from the sharing economy, not to mention the social, commercial and legal challenges it has generated. Continue Reading
It is clear that unless Congress acts, Social Security benefits will be reduced after the exhaustion of the trust fund in 2032. Projections highlighted in this blog illustrate the magnitude of the problem and the difficulty of measuring the economic effects of various policy reforms.