Justin Fox

1 week ago | bloomberg.com | Justin Fox

Crime remains much more prevalent in New York City than it was before Covid. (Bloomberg Opinion) -- Crime is falling across the US, with the monthly totals through March published by the Real Time Crime Index showing violent crime back roughly at pre-pandemic levels while property crime is much lower. The violent crime decline appears to have accelerated over the winter.(1) Crime has also been falling lately in the country’s largest city.

2 weeks ago | bloomberg.com | Justin Fox

House Speaker Mike Johnson is blowing an opportunity. (Bloomberg Opinion) -- In the 2024 fiscal year, which ended last September, the US federal deficit was 6.4% of gross domestic product — a size unprecedented except in wartime or other significant crisis. If the tax and spending bill currently being worked on by House Republicans is enacted more or less as is, the deficit a decade from now will, according to the latest estimates from the Congressional Budget Office, be … 6.8% of GDP.

3 weeks ago | bloomberg.com | Justin Fox

The new normal. (Bloomberg Opinion) -- New York City police have begun cracking down on bicyclists who run red lights and stop signs and commit other traffic violations, with a sharp increase in tickets issued and also a shift to giving offenders criminal citations that require a court appearance.

3 weeks ago | bloomberg.com | Justin Fox

Under the tax bill, 20% of the benefits would go to those in the top 1% of the income distribution. (Bloomberg Opinion) -- In the weeks before and after the passage of the Tax Cuts and Jobs Act in December 2017, Democrats hammered home the talking point that the top 1% of earners would receive 83% of the tax cuts.

3 weeks ago | news.bloombergtax.com | Justin Fox

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