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Peter Morici

High Taxes, Abusive Enforcement Causing Businesses, Citizens to Flee America

Peter Morici  President Obama, as promised, is changing America. High taxes and abusive enforcement are compelling businesses and ordinary citizens to leave the country altogether. The United States has much higher corporate tax rates than other industrialized countries, and increasingly, the IRS pursues more aggressive enforcement tactics than foreign tax authorities. The United States stands […] Read More →

Parents, Educators, Politicians All Share Blame for College Grads’ Woes

Peter Morici  Despite five years of economic recovery, college graduates continue to face a tough job market. Certainly, young people should take responsibility for their lives, but parents, educators and politicians all share some blame for their troubles. College graduates earn much higher wages and are less likely to be unemployed than high school graduates—and […] Read More →

192, 000 Jobs Added in March but Wages Fall

Peter Morici  The economy created 192,000 jobs in March, down from 197,000 in February, and still well below the pace needed to lower underemployment to respectable levels. Those mediocre results are consistent with a broadly underperforming economy. Manufacturing employment lost 1,000 jobs, and government stalled. Other than construction, which gained 19,000 employees, most new positions […] Read More →