Third and State This Week: Jobs and the Marcellus Shale, Personal Incomes and the Myth of Tax Flight

This week, we blogged about the myth of tax flight, Marcellus Shale drilling and the state economy, and the increasing share of Americans drawing income from public programs like Social Security and unemployment compensation.

IN CASE YOU MISSED IT

  • On the federal budget and the economy, Emma Lowenberg wrote that more Americans are drawing income from government programs like Social Security and unemployment benefits. While some of this change can be attributed to naturally aging populations, much is undoubtedly the result of higher unemployment rates.
  • On the state budget, Chris Lilienthal highlighted a new report from the Center on Budget and Policy Priorities busting the common myth that if you increase state taxes (or don't cut them), people will up and leave for lower tax states.
  • Finally, on the Marcellus Shale, Mark Price blogged that while oil and gas extraction is helping to reduce unemployment in Pennsylvania, it remains an open question precisely how big the impact is, given how small employment in that sector is relative to an economy that employs 5.8 million people.

More blog posts next week. Keep us bookmarked and join the conversation!

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