The Flat Tax is Back Moderated by Laura Knoy on Wednesday, October 26, 2011(follow link) Quote:“In past presidential cycles, the idea of fixing the tax code by charging everyone the same rate has caught on like wildfire, only to die out later. This Presidential election season, candidates Herman Cain Rick Perry, and Newt Gingrich are promoting flat […]
by Linda Beal Perry’s Flat Tax Proposal The Atlantic has a good summary article contrasting Perry’s Flat Tax proposal (an alternative choice to the income tax, that is modeled after Steve Forbe’s flat tax, which will result in much lower taxes for the wealthy because of the deductions it retains along with the zero taxation […]
Noted for the record: author Piaw Na reviews Mike Kimel‘s Presimetrics at Piaw’s Blog: This is a great book to read if you’ve got a statistical bent and are willing to follow the data rather than your pre-conceived notions….Many people like to say that they’re data-driven, but most people actually have prejudices that lead them […]
by Linda Beale Perry Proposes (no surprise) a flat tax…. Rick Perry, one night after what has been termed an ‘invigorated’ debate performance, has climbed on the flat-tax bandwagon (presumably meaning a flat-rate consumption tax a la the national retail sales tax idea). See Tumulty, Rick Perry to Announce Flat Tax as Part of Economic […]
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 […]
by Linda Beale Barney Frank and the need for a risk-based bank fee That post about the McCain-Paul environmental devastation and revenue decimation bill (somehow mistakenly given the label of a “jobs bill” by the misguided pair ) suggests the unprecedented extent to which our Congressional reps now believe they can use and abuse national […]
by Linda Beale Senators Levin and Isakson: millionaire surtax vs corporate repatriation subsidy The PBS News Hour last night interviewed Senators Levin and Isakson on the jobs bill (video and transcript available here). Isakson was first off. He sounded like a right wing sound bite machine: we’re overregulating businesses so we need a “time out” […]
by Linda Beale GOP Representative moves to increase deficit–and aid the investor class The GOP has made lots of fusses lately about the deficit. According to the party line, earned benefits that Americans rely on for health care and retirement income just “have” to be reduced, no matter how painful it is to the GOP-controlled […]
by Linda Beale More on Repatriation–WIN America corporatist lobbying group’s strike back on Heritage In a recent posting, I commented further on the lack of arguments supporting the corporatist lobbying drive for another “repatriation tax holiday” for multinational corporations that have stashed more than a trillion abroad (often through gimmicky transfers of intangible property such […]
by Linda Beale More on Occupy Wall Street–Stiglitz and Madrick add their voices Jim Swan, the Not-an-economist blogger who writes about “economics and the economy in the wake of the financial crisis”, is definitely a supporter of the Occupy Wall Street protest movement. In an earlier post, I noted the addition of labor concerns to […]