by Linda Beale Senate Finance Leaders push “blank slate” to tax reform Senators Baucus and Hatch, the Chair and ranking minority member of the Senate Finance Committee, respectively, launched a bid for completing a Code reform before Baucus leaves office with a letter to Senators telling them that they should get their bids in within […]
by Linda Beale The Tax Code Ain’t Nearly So Big as Often Claimed I can’t resist pointing readers to tax professor Jim Maule’s excellent post chastising everybody–from those obviously slanted propaganda-tank tax gurus Chris Edwards (you all know him as the purported tax expert from the right-wing pseudo-libertarian Cato Institute, whose other associate, Dan Mitchell, […]
Update: *Additional numbers added Digby wrote a few days ago about the“grown-up” people coming to town to save America from the deficit. She listed a few of those people and their annual income. Also, a few days ago the Senate had a vote on the tax cuts. Letting the Bush cuts go (I’m […]
by Linda Beale Hey, didn’t the GOP say it cared about deficits? Just when you think those on the radical right had gone about as far as they could go without recognizing their own zaniness, those in Congress have revived their version of a tax “reform” for businesses. It was first proposed in 2009–as an […]
Today’s Page 1, above-the-fold, biggest type headlines for the FT: US PDF edition: “Obama proposes corporate tax rate cut: System ‘outdated, unfair, and inefficient’ US Print edition: “Obama and Romney unveil rival tax plans: Proposals show strong support for reforms” The latter piece waits until the 7th graf to Tell the Truth and Shame the […]
This piece offers an understandable comparison between wages and dividend income and neatly summarizes the cost to wage earners. (h/t Mike Kimel) by Peter S. Meyers Myers Urbatsch PC A Warm Wind At the Backs of Some, Generated Off the Backs of Others Yesterday, I learned in this Mother Jones article that workers have increased […]
by Linda Beale Herman Cain, funded by Koch Bros, Says “Let the Little Guys Pay Taxes (not the uber-rich) The New York Times’ “Room for Debate” ran a ‘mini-op-ed’ segment on Herman Cain’s 9-9-9 tax plan, called “What’s So Bad About a Flat Tax?” New York Times (Oct. 14, 2011) (with the subtitle: Isn’t Herman […]
OMB Watch points us to the idea that: Financial Taxes Can Raise Revenues, May Help Stabilize Markets The congressional Super Committee, tasked with forging a $1.2 trillion deficit reduction package by Thanksgiving, is currently deliberating on which revenues — if any — to raise and to include in its plan. With Wall Street at the […]
Barry Ritholz’s The Big Picture carries a link to Presimetrics in the Reads to start your week section of his blog and Mike has been asked by Barry to post a chapter in the book section. Dan says: Mike’s book is one that people need to study and not skim to reinforce a dearly held […]
by Linda Beale More on Illinois’ income tax increase –thinking about globalizationcrossposted with Ataxingmatter As states continue to face difficult times and vulnerable residents unemployed by the Great Recession come to the end of their ropes with the last of their unemployment support checks (those unemployed for 99 weeks don’t get any more help under […]