Republicans are once again blaming social programs for the ballooning deficits and national debt. Setting aside the fact that the US debt/GDP ratio was higher at the end of WWII and that Japan has a far higher debt/GDP ratio, what would a serious discussion about federal spending look like? Obviously, it would decry the squandering […]
Inheritances should be taxed as income from the first dollar. For those who bleat that it’s double taxation, the answer is that all taxation is double taxation. I pay taxes on my income, then use some of the taxed remainder to pay for gas and the associated fuel tax. Every time money changes hands, it’s […]
I did present data on rural hospitals in the past in rewrites. It has been a while since I wrote much on healthcare as it takes a lot of investigation to do so. With Dan around and other writers, I was able to do the research on the topic. I am not complaining as I […]
Which one would you want to pay? Dean Baker does the comparison of Military expenditures and as compared to ACA subsides. Details in the Dean commentary. Is paying $11,200 a year to soothe the president’s paranoia in his demented state reasonable? Donald Trump says you should. The Republicans in Congress are likely to agree. So, […]
I thought this would be interesting now as compared to a month ago when David Zetland posted on AI. David’s experiment with AI is a comparison to an earlier commentary by him. Both his and AI’s commentary: “AI’s impacts on learning” can be found at the link. David start’s off by asking a question of […]
Additional nontechnical information on tariffs in the United States EconoFact: Tariff Payback Tariff Payback This week, the Trump administration began accepting requests for refunds of more than $166 billion in tariff payments following the Supreme Court’s February ruling: “the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs.” Who Benefits: But while the refunds […]
“Meg”: Look, the reason Chinese cars are affordable is that they are subsidized by the Chinese government. Heavily. Removing import restrictions on these cars would devastate the American car industry. We are talking hundreds of thousands of jobs lost. How about instead we have the American government subsidize affordable cars here, or return to requiring […]
“At Least 88 Big US Corporations Paid $0 in Federal Income Tax Last Year,” Common Dreams, Stephen Prager Dozens of America’s most profitable corporations avoided paying any federal income taxes in 2025, according to an analysis out on Tuesday from the Institute on Taxation and Economic Policy. What Companies Paid Zero Federal Income Tax in 2025? The companies avoiding […]
The right-wing prophecies: “Leading Trump sycophant Sean Hannity claimed tariffs would generate “a new golden age of American wealth and exceptionalism.” “Fox Business’ Elizabeth MacDonald stated Trump was trying to “reignite a manufacturing golden age.” “Newsmax host Carl Higbie declared, “American jobs being created because we want to make things more fair.” Reality, as we […]
Yesterday, Senator Ron Johnson (R-WI) called Social Security a ‘forced retirement program’ and said workers’ payroll contributions should be gambled on Wall Street. My senator, Sheldon Whitehouse (D-RI) proposed adjusting the payroll wage cap so that people making over $400K per year begin paying their fair share — a “win-win.” Let’s take each of these […]