https://www.bloomberg.com/authors/AThZA5-AOcI/karl-w-smith RSS for Node Tue, 28 Apr 2026 04:11:52 GMT https://www.bloomberg.com/opinion/articles/2024-04-05/the-trump-tax-cuts-were-neither-panacea-nor-rip-off https://www.bloomberg.com/opinion/articles/2024-04-05/the-trump-tax-cuts-were-neither-panacea-nor-rip-off Fri, 05 Apr 2024 10:30:22 GMT VAN NUYS, CA - APRIL 17: J. D. Montgomery holds a sign on the street outside of the James C. Corman Federal Building encouraging motorist to express their anger at the Internal Revenue Service (IRS) on their final day to file 2005 income taxes on April 17, 2006 in Van Nuys, California. Montgomery says he has not filed his income tax returns since about 1964. Because the traditional deadline of April 15 fell on a Saturday, Californians were able to take advantage of the entire weekend to prepare their tax returns for filing on Monday the 17th. In some locations, a Monday holiday, Patriot's Day, gives taxpayers even more time with the deadline pushed back to April 18. (Photo by David McNew/Getty Images) https://www.bloomberg.com/opinion/articles/2024-03-29/raising-social-security-s-retirement-age-is-the-least-bad-option https://www.bloomberg.com/opinion/articles/2024-03-29/raising-social-security-s-retirement-age-is-the-least-bad-option Fri, 29 Mar 2024 11:00:17 GMT FREEPORT, NY - FEBRUARY 6: Gerson Sobel, 93, of Rockville Center, New York swims his morning laps at the Freeport Recreation Center on February 6, 2004 in Freeport, New York. (Photo by Al Bello/Getty Images) https://www.bloomberg.com/opinion/articles/2024-03-22/intel-getting-20-billion-from-chips-act-exposes-american-weakness https://www.bloomberg.com/opinion/articles/2024-03-22/intel-getting-20-billion-from-chips-act-exposes-american-weakness Fri, 22 Mar 2024 10:30:28 GMT US President Joe Biden during an event at the Intel Ocotillo campus in Chandler, Arizona, US, on Wednesday, March 20, 2024. The US will award Intel Corp. $8.5 billion in grants and as much as $11 billion in loans to help fund an expansion of its semiconductor factories, marking the largest award from a program designed to reinvigorate the domestic chip industry. https://www.bloomberg.com/opinion/articles/2024-03-08/the-us-labor-market-is-starting-to-look-vulnerable https://www.bloomberg.com/opinion/articles/2024-03-08/the-us-labor-market-is-starting-to-look-vulnerable Fri, 08 Mar 2024 18:45:26 GMT LOS ANGELES, CALIFORNIA - JANUARY 03: A 'Now Hiring' sign is posted outside a hotel on January 03, 2024 in Los Angeles, California. U.S. job openings fell to 8.79 million in November, the lowest in over two years, according to the U.S. Labor Department. (Photo by Mario Tama/Getty Images) https://www.bloomberg.com/opinion/articles/2024-03-07/if-only-congress-would-focus-on-the-deficit-that-matters https://www.bloomberg.com/opinion/articles/2024-03-07/if-only-congress-would-focus-on-the-deficit-that-matters Thu, 07 Mar 2024 11:00:40 GMT Stacks of 50 subject one dollar note sheets pass through a KBA-NotaSys SA large examining printing equipment machine after receiving a serial number and the U.S. Treasury and U.S. Federal Reserve seals at the U.S. Bureau of Engraving and Printing in Washington, D.C., U.S., on Tuesday, April 14, 2015. Republican efforts to pass a fiscal year 2016 budget cleared another hurdle as the House named its members to a conference committee and Senate Majority Leader Mitch McConnell pledged to do the same by the end of the week. https://www.bloomberg.com/opinion/articles/2024-02-27/us-government-shutdown-politics-only-enables-bad-economics https://www.bloomberg.com/opinion/articles/2024-02-27/us-government-shutdown-politics-only-enables-bad-economics Tue, 27 Feb 2024 19:08:39 GMT WASHINGTON, DC - FEBRUARY 27: U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024 at the White House in Washington, DC. The president plans to discuss the urgency of legislation to keep federal funding going past midnight on Friday, as well as his requests for billions of dollars in aid for Ukraine and Israel. (Photo by Roberto Schmidt/Getty Images) https://www.bloomberg.com/opinion/articles/2024-02-26/the-cbo-s-government-debt-forecasts-can-t-be-relied-upon https://www.bloomberg.com/opinion/articles/2024-02-26/the-cbo-s-government-debt-forecasts-can-t-be-relied-upon Mon, 26 Feb 2024 10:00:15 GMT Picture of a one hundred US dollar bill next to Colombian one hundred thousand peso bills taken in Bogota, on October 24, 2022. - Colombia, like other countries around the world, is enduring high inflation, as well as an historic devaluation of the peso against the dollar. This is due to both international and local factors according to experts. (Photo by Daniel MUNOZ / AFP) (Photo by DANIEL MUNOZ/AFP via Getty Images) https://www.bloomberg.com/opinion/articles/2024-02-13/trump-s-china-trade-tariffs-fall-short-on-metrics-that-matter https://www.bloomberg.com/opinion/articles/2024-02-13/trump-s-china-trade-tariffs-fall-short-on-metrics-that-matter Tue, 13 Feb 2024 10:00:13 GMT FILE: Bloomberg Best Of U.S. President Donald Trump 2017 - 2020: U.S. President Donald Trump, right, and Xi Jinping, China's president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. Our editors select the best archive images looking back at Trumps 4 year term from 2017 - 2020. https://www.bloomberg.com/opinion/articles/2024-02-01/trump-s-proposed-china-tariffs-would-be-a-fiscal-disaster-for-the-us https://www.bloomberg.com/opinion/articles/2024-02-01/trump-s-proposed-china-tariffs-would-be-a-fiscal-disaster-for-the-us Thu, 01 Feb 2024 10:00:20 GMT Tariffs Are Job No. 1. https://www.bloomberg.com/opinion/articles/2024-01-29/guaranteed-income-schemes-only-work-in-studies-so-far https://www.bloomberg.com/opinion/articles/2024-01-29/guaranteed-income-schemes-only-work-in-studies-so-far Mon, 29 Jan 2024 12:00:12 GMT W-2 wage and tax statement forms are arranged for a photograph in Washington, D.C., U.S., on Tuesday, Nov. 20, 2012. President Barack Obama expressed confidence that he and Congress would reach an agreement that will avoid the automatic spending cuts and tax increases that are scheduled to occur at the end of the year. The fiscal cliff is the $607 billion combination of automatic spending cuts and tax increases scheduled to take effect in January. Lawmakers are trying to avert the cliff to prevent a short-term shock to the economy and reach an agreement on long-term deficit reduction. https://www.bloomberg.com/opinion/articles/2024-01-17/expanding-the-child-tax-credit-makes-economic-sense https://www.bloomberg.com/opinion/articles/2024-01-17/expanding-the-child-tax-credit-makes-economic-sense Wed, 17 Jan 2024 12:00:11 GMT School children wearing facemasks walk outside Condit Elementary School in Bellaire, outside Houston, Texas, on December 16, 2020. - The coronavirus pandemic may be raging in the Houston area, but tens of thousands of students in one district are headed back to in-person classes in January because of poor results while learning from home. The plight of the town of Pasadena is being repeated across America, as educators fret that online learning for children because of the health crisis simply might not work. (Photo by François Picard / AFP) (Photo by FRANCOIS PICARD/AFP via Getty Images) https://www.bloomberg.com/opinion/articles/2024-01-09/fewer-consumer-product-choices-signals-increased-corporate-efficiency https://www.bloomberg.com/opinion/articles/2024-01-09/fewer-consumer-product-choices-signals-increased-corporate-efficiency Tue, 09 Jan 2024 11:00:11 GMT A customer walks through the cereal aisle at a Albertsons Cos. brand Safeway grocery store in Scottsdale, Arizona, U.S., on Monday, Oct. 18, 2021. Albertsons Cos. shares rose after the company posted a surprise gain in a key sales metric and raised its profit outlook. https://www.bloomberg.com/opinion/articles/2023-12-22/why-the-federal-reserve-must-cut-interest-rates-sooner-rather-than-later https://www.bloomberg.com/opinion/articles/2023-12-22/why-the-federal-reserve-must-cut-interest-rates-sooner-rather-than-later Fri, 22 Dec 2023 10:00:13 GMT WASHINGTON, DC - DECEMBER 13: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged. (Photo by Win McNamee/Getty Images) https://www.bloomberg.com/opinion/articles/2023-12-15/biden-s-manufacturing-revival-could-actually-happen https://www.bloomberg.com/opinion/articles/2023-12-15/biden-s-manufacturing-revival-could-actually-happen Fri, 15 Dec 2023 12:00:11 GMT TOPSHOT - An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz US International factory in Vance, Alabama on June 8, 2017. President Donald Trump's harsh criticism of Germany's trade practices is sowing concerns in rural, Republican Alabama, where Mercedes-Benz has been an economic engine for two decades. / AFP PHOTO / Andrew CABALLERO-REYNOLDS / With AFP Story by Luc OLINGA: Mercedes US home of Alabama shudders at harsh Trump trade talk (Photo credit should read ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) https://www.bloomberg.com/opinion/articles/2023-12-07/the-federal-reserve-s-interest-rate-increases-have-been-meaningless https://www.bloomberg.com/opinion/articles/2023-12-07/the-federal-reserve-s-interest-rate-increases-have-been-meaningless Thu, 07 Dec 2023 10:00:14 GMT A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. - US employers added 390,000 jobs last month, the government reported on June 3, 2022, a sign of a slowdown in hiring but still a better-than-expected result. The jobless rate held steady at 3.6 percent for the third consecutive month, just a tenth of a point above the pre-pandemic level of February 2020, the Labor Department said. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images) https://www.bloomberg.com/opinion/articles/2023-11-27/joe-biden-s-trade-war-with-eu-over-steel-caps-protectionist-turn https://www.bloomberg.com/opinion/articles/2023-11-27/joe-biden-s-trade-war-with-eu-over-steel-caps-protectionist-turn Mon, 27 Nov 2023 10:00:07 GMT RANCHO CUCAMONGA, CA - OCTOBER 4: A worker cuts through a glowing 2,000 degrees Fahrenheit "billet" at the TAMCO steel mini mill on October 4, 2002 in Rancho Cucamonga, California. TAMCO, California's only steel mill, has managed to persevere through skyrocketed electrical rates as it uses electric arc furnace technology to turn scrap steel into concrete reinforcing bars (rebar) for the domestic market. Last March, the Bush administration imposed tariffs of 8 percent to 30 percent on certain kinds of steel imports, a move that now has the European Union threatening to retaliate by seeking $350 million in steel trade sanctions against the United States. Nationally, 34 steel companies have gone bankrupt and 17 have shut down since the 1997 Asian financial crisis, putting 52,000 steelworkers out of work. (Photo by David McNew/Getty Images) https://www.bloomberg.com/opinion/articles/2023-11-15/how-america-can-get-its-debt-back-under-control https://www.bloomberg.com/opinion/articles/2023-11-15/how-america-can-get-its-debt-back-under-control Wed, 15 Nov 2023 11:00:06 GMT AUSTIN, TEXAS - OCTOBER 22: The United States flag is seen flying over the circuit during the F1 Grand Prix of United States at Circuit of The Americas on October 22, 2023 in Austin, Texas. (Photo by Mark Thompson/Getty Images) https://www.bloomberg.com/opinion/articles/2023-11-02/american-workers-are-the-economy-s-true-unsung-heroes https://www.bloomberg.com/opinion/articles/2023-11-02/american-workers-are-the-economy-s-true-unsung-heroes Thu, 02 Nov 2023 10:00:19 GMT RANCHO CUCAMONGA, CA - OCTOBER 4: A worker cuts through a glowing 2,000 degrees Fahrenheit "billet" at the TAMCO steel mini mill on October 4, 2002 in Rancho Cucamonga, California. TAMCO, California's only steel mill, has managed to persevere through skyrocketed electrical rates as it uses electric arc furnace technology to turn scrap steel into concrete reinforcing bars (rebar) for the domestic market. Last March, the Bush administration imposed tariffs of 8 percent to 30 percent on certain kinds of steel imports, a move that now has the European Union threatening to retaliate by seeking $350 million in steel trade sanctions against the United States. Nationally, 34 steel companies have gone bankrupt and 17 have shut down since the 1997 Asian financial crisis, putting 52,000 steelworkers out of work. (Photo by David McNew/Getty Images) https://www.bloomberg.com/opinion/articles/2023-10-27/housing-has-a-basic-problem-beyond-affordability-mortgage-rates https://www.bloomberg.com/opinion/articles/2023-10-27/housing-has-a-basic-problem-beyond-affordability-mortgage-rates Fri, 27 Oct 2023 10:00:22 GMT Workers build homes in Lillington, North Carolina, US, on Thursday, June 15, 2023. The US Census Bureau is scheduled to release housing starts figures on June 20. https://www.bloomberg.com/opinion/articles/2023-10-23/the-us-government-is-doing-a-terrible-job-collecting-taxes https://www.bloomberg.com/opinion/articles/2023-10-23/the-us-government-is-doing-a-terrible-job-collecting-taxes Mon, 23 Oct 2023 10:00:21 GMT MIAMI - APRIL 14: Felipe Castro holds a sign advertising a tax preparation office for people that still need help completing their taxes before the Internal Revenue Service deadline on April 14, 2010 in Miami, Florida. With only one day to go before the April 15th deadline to file taxes, accountants around the U.S. are swamped with people who waited until the last day to file. (Photo by Joe Raedle/Getty Images)