I am taking a short break from my story line to report of several other issues of import. the first being the new accounting method which the government has devised to calculate increases in the cost of living. Based on this new accounting devise alone, The government can now report that the rate of increase in the cost of living is on the decline. The new method is call Chained Consumer Price Index. It is in the newly proposed budget for Maine but I believe that the source is the federal government: Title 36: TAXATION Part 8: INCOME TAXES Chapter 841: INFLATION ADJUSTMENTS §5402. Definition s This Part suspends the inflation adjustment for income tax brackets for tax year beginning in 2014 and 2015 and provides that the inflation adjustment calculation for tax years beginning after 2015 must be based on the Chained Consumer Price Index instead of the Consumer Price Index Here is my layman's analysis based on this article: Measu...
Examining the Fundamental transformation of the American political system that originated in the political philosophy preserved by Publius in The Federalist Papers. This blog was originally published as Main Street Economy and focused on legislation passed in the state of Maine "inspired" by similar laws passed by other states which collectively constitutes a fundamental transformation of the American political philosophy within state incubators.