Via Washington Post on Progressive policies Of the many things that are terribly wrong with our current tax debate, one primary offender is the notion that tax cuts will unleash massive growth effects. If facts could kill this mythology, it would be long dead. … …but a great, new paper just landed on my desk that takes […]
The post below is silly. It is based on bending over backwards to take silly arguments for the GOP tax plan seriously. This older post is the one with some relevance to the real world. The silly argument is that lower taxes on profits imply a lower cost of capital for firms. Investors will demand […]
Paul Krugman has been explaining (very slowly and clearly) that if the US attracts foreign investment by cutting taxes on profits, then it will have to pay the foreign investors. The Tax Foundation appears not to have noticed that loans are not gifts. First he quoted Stephen Rosenthal’s observation that the direct effect of cutting […]
The PayGo law forbids bills which increase the national debt. Unless it is repealed or waived, the Republican tax cuts would cause automatic sequestration of, among other funds $ 25 billion from Medicare. This is an excellent as usual Vox Explainer by Tara Golshan It all comes down to the “pay-as-you-go,” or PAYGO, rule — […]
This post is largely a comment on a New York Times editorial “The Right Way To Cut Corporate Taxes”. I disagree with the Times’s editorial board. Key parts of the editorial are “If Republicans worked with Democrats, they could reach a compromise to lower the top corporate tax rate to between 25 percent and 28 […]
Two thoughts on the Virginia election: it’s the net strong disapproval,stupid! But is the primary driver education or age? It’s a slow week for economic news, but we sure had some electoral fireworks on Tuesday! Since I am a data nerd, here are two metrics from Virginia that caught my attention, which I’ll discuss in […]
President Trump Must Release His Tax Returns I know, boring boring boring old news. But now that he has had his hind end kicked by the recent off-off election results, it is time to get real. He has managed to cover up massive amounts of crimes and violations of ethical norms because he has violated […]
I found this segment of interest from Fox News…while I differ on the generic federal deficit thinking, I notice while Obamacare repeal was ‘do or die’, Smith noticed the eight years of Republicans calling doom from the federal deficit gets hardly a peep. Student loan deductions and credits disappear, among a list. as well…his affect […]
(Dan here…lifted from AB 2012) Small businesses, tax cuts, and reporting Dan Crawford | November 29, 2012 I sometimes get the ‘eyes rolling’ reaction from people in my social sphere when I insist that at least linking to original documents is important, and that someone needs to follow up on what an author says someone else says […]
by Joseph Joyce Economic Consequences of Populism Who is the true populist: Bernie Sanders, who promises single-payer health care and college without tuition, or Donald Trump, who campaigned on a promise to “drain the swamp”? Jeremy Corbyn of the UK’s Labour Party, who wants to nationalize public-sector firms, or Marine Le Pen of France’s National […]