by Linda Beale Ian Ayres on the Brandeis Tax I’ve often argued here that vast inequality is harmful to democracy, and that the kind of unequal society that we have today, reflected the Gilded Age of yore, is especially worrisome. Much of what is happening in this country that threatens freedom and economic suffering […]
Romney’s Wall St. J. Interview with Gigot–Protecting the Rich [edited to rephrase and correct typos 12/26/11 5 pm] Joseph Rago and Paul Gigot interviewed Mitt Romney on his ‘vision’ for America–“On Taxes, ‘Modeling’, and the Vision Thing”, Wall St. J. Dec. 23-24, 2011, at A13. In it, Romney reveals the way patrician wealth has affected his […]
by Mike Kimel A Random Observation About the 1970s… and the 1980s People often point to the stagnation of the 1970s, and the Reagan administration that followed, as evidence that cutting taxes leads to faster economic growth. But the same folks rarely look at the flip-side of things, and when they do, they don’t reach […]
by Linda Beale Essential Health Benefits and cost benefit analysis: can we maintain doctors’ incomes and provide decent care for all? So we thought we had finally created a national system of health insurance that would permit near-universal coverage for essential health benefits to every American. But the Obama administration says it is not going […]
by Linda Beale Madoff and Mankiw and Inequality–the corporatist ideology at work There are two letters to the editor in the Times today that are worth noting–as usual, the ‘real’ analysis is hidden in the interior pages, positioned next to a huge ad (for an investment adviser, no less).Chris Cannon from San Francisco notes […]
by Mike Kimel A Modest Forecast: The Average Real Growth in Ireland will Exceed 10% a Year From 2012 to 2014 You read the title correctly: the Irish economy will grow by more than 10% next year. Now, hearing that, you might be asking yourself: “Is this guy for real? He must be nuts.” Because […]
by Linda Beale House passes spending bill While the Senate was wrangling over what of the noxious provisions in HR 3630 they would have to keep in order to get expanded unemployment compensation and a payroll tax cut, the House passed a spending bill 296-121 (with 147 Republicans and 149 Democrats in favor) to […]
by Linda Beale Payroll Tax Cut -Keystone vote up Saturday at 9 in Senate Apparently, Senate leaders on Friday ironed out the difficulty between the GOP and the Democratic party. The GOP got most everything it wanted, and the Dems got just barely more than nothing. That’s the way “negotiating” seems to go in the Congress […]
by Linda Beale Should reinsurance using foreign affiliates be deductible to US corporations? Foreign-owned US insurance companies frequently reinsure through their foreign affiliates and then claim a deduction under section 832(b)(4)(A) for the reinsurance premium paid to the affiliate to reduce the US tax liability of the US company. Rep. Richard Neal (D-Ma) introduced a […]
Dan here…Linda Beale writes on the intent and passage of these bills. Whether the use of the payroll tax has political and budget consequences for people’s perceptions of Social Security and its future remains a question previously discussed at Angry Bear here. by Linda Beale (Update from Linda: Payroll Tax Extension Passes) GOP’s payroll tax […]