…a bit of background on tax cut rationales and deficits. Back in the old days of the Bush regime, the tax cutters tended to claim that tax cuts would create…

…the so-called “fiscal cliff”–tax cuts and spending cuts. 1. The Bush tax cuts, job creators, and uncertainty The right has, not unexpectedly, argued that not extending all of the tax…

…party of “no”, with Boehner saying no tax rate increases, Ryan claiming that Obama’s reelection (with exit polls showing majority support for tax increases on the wealthiest Americans) does not…

…favor the wealthy–lowering corporate tax rates to half their current level, eliminating corporate tax entirely for manufacturers, eliminating corporate tax on overseas profits that are used to buy manufacturing equipment…

…his mystical magic with the 2017 tax break. Layer of layer tax breaks. So which is it? Cut programs or increase taxes? Cut programs or increase taxes? I pick the…

…defense buildups, Johnson’s Great Society plus Vietnam, Clinton’s tax increases, etc. 2. Everyone increases spending (Republican legislators just barely) — Democrats significantly more than Republicans. 3. Only Democratic presidents have…

…any new private-sector liabilities (aside from some imagined long-future tax increase that exactly nobody posts to their balance sheet today). So, it increases private-sector assets and net worth. What does not follow…

…(but not huge tax cut). Taken from the standpoint of the typical income taxpayer, crisis at depletion actually is the functional equivalent of paying off an amortized mortgage, a large…

…should actually be “Cost-New Non Interest Income”. In any event what this extract shows is that even after the series of FICA increases seen in “New Payroll Tax Rate” there…

…reverse the unemployment increases that we’ve seen over the last two years. But not all the news is rosy: using the administration’s own numbers (from the CEA), the tax plan…