Relevant and even prescient commentary on news, politics and the economy.

Romney’s Tax Views

by Linda Beale Romney’s Tax Views Lead to Blooper Comments Denigrating America’s Elderly and Poor Most of us who follow tax issues in the news and in political campaigns are aware that GOP candidate Mitt Romney has been very secretive about various items. First and foremost, he has been secretive about his own extraordinary wealth:  […]

Wall Street Rule…Has Someone Noticed the IRS isn’t Enforcing Tax Laws in the Mortgage-Industrial Complex?

Yves Smith continues her look at the Wall Street Rule: Reader Deontos highlighted a post on Reuters by two Brooklyn Law School professors, Bradley Borden and David Reiss, on a subject near and dear to our hearts, the abject failure of the IRS to take interest in widespread, probably pervasive, violations of REMIC, the part […]

About That 47% Figure…

Back in October of 2011, I blogged a bit and Tweeted Chrystia Freeland’s interview with Jeff Immelt. (Thank you again, Felix.) What I didn’t mention, apparently,* is that one of the questions from the floor was a, er, gentleman who declared in No Uncertain Terms precisely what Willard Romney said at that sexcapade on Lon […]

Romney Says Dwight Eisenhower, John F. Kennedy, Richard Nixon, Ronald Reagan, George H.W. Bush, and Bill Clinton Did Not Believe In Free People and Free Enterprise

Romney didn’t apologize for [his] comments, instead he doubled down, saying that his opponent, President Barack Obama, believes in “redistributing wealth,” while “we believe in free people and free enterprise.” Democrats “believe you have to take from some and give to others. I don’t believe in that,” he said, repeating the same theme. “I believe […]

Recent History of Tax Progressivity in the USA

Following the release of the video of Romney denouncing (among other things) the fact that 47% of  US households don’t pay positive US Federal Income Taxes many normally reliable commentators have argued that this is a break from the long Republican tradition of advocating tax cuts for the working poor to make work pay.  I […]

Who are the 47%? And the irony might be remarkable.

(Dan here…Afferent Input started to write for Angry Bear but was subsequently uprooted with family to live and thrive in Germany for a few years, and gave up blogging.  He and a now bigger family have moved back to the States, so may begin to blog again.  Welcome back AI! ) by Afferent Input Romney […]

US views on fairness of taxes

One side has no point. I have mentioned from time to time the repeated Gallup polls showing strong support for tax progressivity.  this is not a new phenomenon, Gallup started asking the questions in 1992.I tend to give an almost worthless link to pollingreport.com but I have finally looked up a decent link There is […]

Farmers, Medicare Recipients, and Sons of Multimillionaires, Some of Whom Won’t Take Responsibility for Their Own Lives – [UPDATED]

This summer’s widespread drought has been extremely hard on Midwestern and plains-states crop farmers, and many of them are chafing at the thought of having to take responsibility for their own lives if the Farm Bill doesn’t make it through Congress before the upcoming recess. They had panicked earlier in the summer when Congress was […]

An opinion on Thumtack.com/GW University Small Business Political Survey

I was forwarded an early look at a survey that was produced by George Washington University’s School of Political Management in conjunction with Thumbtack.com. As some readers know, I am an honest to goodness small business owner. Two business actually and they are as different as say a private practice physician and a florist. So…………I […]