Category Archives: Economy & Markets

Cost of Raising a Child in the US is Over $233,000

Each year, the US Department of Agriculture estimates the cost of raising a child from birth to age 17. And of course, the cost goes up almost every year. The latest figures from the USDA put the average cost at a staggering $233,610, or almost $14,000 annually. That’s the average for a middle-income couple with…

The Developing World Outproduces the Developed World

Based on the latest forecasts from the International Monetary Fund (IMF), the global economy is finally lifting out of the deep post-financial crisis of 2008. The IMF is an international organization headquartered in Washington, DC made up of 189 countries working to foster global monetary cooperation and trade, among other causes. The IMF now forecasts…

Will President Trump’s Tax Cuts Finally Spur The Economy?

Yesterday afternoon Treasury Secretary Steven Mnuchin announced President Trump’s much-anticipated tax reform package in Washington, DC. There were a few surprises. Here are the highlights. Much Lower Business Tax Rates. Trump wants to slash the top corporate income tax rate from 35%, the highest in the developed world, to 15% to make US businesses more…

Experts Offer Trump/GOP Advice On How To Do Tax Reform

It is rare that four high-profile, popular conservative writers team-up to write an important editorial and publish it in THE NEW YORK TIMES. Yet yesterday financial writers Steve Forbes, Larry Kudlow, Arthur Laffer and Stephen Moore (Heritage Foundation) joined forces to pen the following editorial — which offers President Trump some solid ideas on how…

Something Is Wrong With the U.S. Economy

Over the last several months, we’ve seen a significant amount of encouraging US economic data. Most notable is the fact that consumer confidence ended last year at the highest level since 2007, and small business optimism was the highest since 2004. Both indexes have continued to rise this year. With confidence at these levels, one…