Increase in the corporate tax rate is associated with a drop of 2.1 percentage points in the unemployment rate, according to a study by Horst Feldmann of the University of Bath in the UK of data on 19 industrial countries. Although raising corporate taxes has been shown to reduce economic growth, it unexpectedly prompts companies to substitute labor for capital and spurs unions to reduce their wage demands to avoid job losses.
Of New Jersey voters think Gov. Chris Christie (R) did an “excellent” or “good” job responding to Hurricane Sandy, according to a new Quinnipiac poll. Christie now holds a sky-high 72% to 21% approval rating.
As Ambassador Susan Rice prepares to meet with GOP senators today to discuss the administration’s handling of the attacks in Benghazi, Libya, a new CNN/ORC poll finds 54% disapprove of the White House’s actions. However, 54% also do not believe that the administration purposefully misled the public.
Of the country has an unfavorable view of the Republican Party and only 42% want to see congressional Republicans have more influence than the president over the direction the nation takes in the next two years, a new CNN/ORC poll finds.
Number of votes Sen. Dianne Feinstein (D-CA) received in the Nov. 6 election, setting the record of most votes won in a Senate election, Bloomberg reports.
The amount Millennial women are paid in their first year out of college, compared to each full dollar for their male peers, according to the American Association of University Women. Millennials are more likely than Baby Boomers or Gen-Xers to say there is no need for women to be feminists, with 22-year-old Taylor Swift recently explaining, “I don’t really think about things as guys versus girls.”
Of Americans believe President Obama will earnestly try to work with the Republicans in Congress to solve the nation’s problems, though this is down from 2008, according to Gallup. Less than half, 48%, believe Republicans will respond in kind.
President Obama’s favorable rating, his best in over three years, according to a new Gallup poll. He was more popular after his first election than now, with a 68% favorable rating in November 2008. His all-time high of 78% was measured shortly before his inauguration in January 2009.
Minor party and independent candidates were elected to state legislatures this month, Ballot Access News reports.”Checking records of past elections reveals that this is the highest such number since 1942, when there were 31 such candidates elected. In 1944, there were 22 such candidates elected, and at no time since 1944 (until 2012) had there been any election with more than 17.”
Amount of total federal revenue alloted to the states in 2010 that was taken by six of the seven states with the most signatures on petitions to secede following Pres. Obama’s re-election. The states are Texas, Florida, Louisiana, Georgia, Tennessee and North Carolina. Alabama also gathered among the most signatures but did not receive as much funding.
To hear Trump talk, he’s the only one
Who’s ever stood trial for crimes he’s done.
But instead of courtroom drama,
We get Trump in his pajamas,
That’s how he earned his new nickname: Don Snoreleone.
“I am not resigning. And it is, in my view, an absurd notion that someone would bring a vacate motion when we are simply here trying to do our jobs. It is not helpful to the cause, it is not helpful to the country, it does not help the House Republicans advance our agenda, which is in the best interest of the American people here — a secure border, sound governance – and it’s not helpful to the unity that we have in the body.”
— Speaker of the House Mike Johnson (R-LA) on the “resign or be fired” ultimatum from the GOP’s Freedom Caucus just 174 days into his tenure as sp[eaker, reported by Punchbowl News.
“Trump’s head slowly dropped, his eyes closed. It jerked back upward. He adjusts himself. Then, his head droops again. He straightens up, leaning back. His head droops for a third time, he shakes his shoulders. Eyes closed still. His head drops. Finally, he pops his eyes open.”
— Law360 reports from the second day of Donald Trump’s “hush money” criminal trial.
“Functionally, Chris Sununu is as active a part of Trump’s campaign as Matt Gaetz or MTG, or any of the other MAGA freaks. And it seems not to bother him that these people would poleaxe him if given a second’s chance. It seems not to bother him that his political career is over. He’s not just willing to exit public life on his knees—he’s eager to do it. … In the end, it doesn’t matter if Sununu is a mountebank, a coward, or a fool. Those three characters are equally pernicious. … What matters is that the rest of us understand that it is the Chris Sununus of the world who make this ongoing authoritarian attempt possible.”
“He’s f**king crazy! The press often will ask me if I think Donald Trump is crazy. And I’ll say it this way: I don’t think he’s so crazy that you could put him in a mental institution. But I think if he were in one, he ain’t getting out!”
— New Hampshire Gov. Chris Sununu (R), quoted by the Associated Press two years ago. Sununu is now backing Trump for president.
“We have perverted the word love. We don’t understand the word love. We don’t understand what love really is. We think love is sunshine and rainbows, and put your arms around somebody saying ‘I love you, brother’ — certainly that’s a form of love. … But how many of y’all know when you hold your young’un by one arm and beat them in a circle, because they were bad — how many of you know that’s love too?”
— North Carolina Lt. Gov. Mark Robinson (R) described his loving approach to disciplining misbehaving children, WUNC reports.
New York Times: “Of the 96 possible jurors brought into the room, more than 50 raised their hands to say they couldn’t be fair. They were immediately excused.”
“Nationwide, homicides dropped around 20% in 133 cities from the beginning of the year through the end of March compared with the same period in 2023. … Homicides in American cities are falling at the fastest pace in decades, bringing them close to levels they were at before a pandemic-era jump,” the Wall Street Journal reports.
The Washington Post notes that supporters of Donald Trump “investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT. … Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.”
“In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the chances of a recession within the next year to 29% from 39% in the January survey. That was the lowest probability since April 2022, when the chances of a recession were set at 28%.”… “Economists, in fact, don’t think the economy will get even close to a recession.”
Punchbowl News: “Congress approved more than $71 million in earmarks for lawmakers who voted against the most recent minibus spending bill, according to a Punchbowl News analysis. This is a prime example of what former Speaker Nancy Pelosi says: They voted no but took the dough. We have a simple spreadsheet of the lawmakers who landed projects and then voted against the $1.2 trillion spending package.”