by Linda Beale Pandering to the Right Fringe This campaign season has revealed more clearly than ever the ultimate goal of today’s hard right, as manifested in campaign debates and the right-wing think tanks’ output. It is nothing less than dismantling the protections established under FDR–Social Security, Medicare, minimum wage and other safety net protections […]
In the New Yorker comes this note lost in the shuffle of the NH primary. I sense a pervasive theme of bigger government interference: Since Ronald Reagan, Republican Presidents (and Presidential nominees) have been committed to overturning Roe v. Wade, the Supreme Court’s abortion-rights landmark from 1973. But as the debates last weekend in New […]
by Linda Beale IRS proposes new innocent spouse procedures In a press release IR 2012-3 (Jan. 5, 2012), the IRS has issued Notice 2012-8 announcing a new revenue procedure updating Rev. Proc. 2003-61. The IRS describes the effect of the procedure as follows. This proposed update to Rev. Proc. 2003-61 addresses the criteria used in […]
Update: Dan here: I am posting Jon’s reply now to comments in this post. Technical troubles continue for Jon. It is always a pleasure to find clear and concise posts from a ‘new’ econoblogger. Mike Kimel found Econographia. Hopefully more is on the way. by Jon Hammond Guest post: Does a lower corporate tax burden […]
by Linda Beale CRS reports on repatriation tax holiday impact Shortly before the Christmas holiday, CRS released a report by Donald Marples and Jane Gravelle on the possibility of a second repatriation tax holiday for multinational corporations. Download Marples and Gravelle. tax cuts on repatriation earnings as economic stimulus. an economic analysis. 122011.c The holiday […]
by Rebecca Wilder What is a safe asset? Last month, David Beckworth at Macro and Other Market Musings had some interesting thoughts on the global shortage of safe assets. His essay got me thinking about what is a safe asset? Beckworth alludes to three definitions of ‘safe’: (1) a credit being AAA-rated, (2) satisfying a […]
Lifted from Robert’s Stochastic Thoughts: The Presidential Campaign has Been Going on too Long I read “MIT” as “Mitt” at this article MIT’s Light Speed Camera Captures Photons Moving then I immediately thought that, maybe with this new miracle technology they can freeze Romney’s policy positions and capture him mid flip flop.
by Linda Beale Romney’s Tax Plan–good for the wealthy, not so good for everybody else The Tax Policy Center has done an analysis of Romney’s plan for US taxation. SeeThe Romney Plan. It doesn’t look bad at all for the wealthy. In adding at least $600 billion to the U.S. deficit by 2015, Romney would […]
Off the charts blog via Mark Thoma For legislation to extend the payroll tax cut through the end of 2012, House Republicans are expected to push for a provision on unemployment insurance (UI) that is appalling even by current Washington standards. Neither President Obama nor Congress should accept any payroll-tax legislation that includes it. Here’s […]
Romney’s Tax Proposal The Tax Policy Center provides its review of which taxpayers will pay more and which ones will pay less under the tax proposal introduced by Mitt Romney. A really short summary goes as follows: (a) The well to do will pay less in taxes; (b) The working poor will pay more in […]