Relevant and even prescient commentary on news, politics and the economy.

Tax Gimmicks then and now–sunsetting tax cuts; temporary tax hikes

by Linda Beale When the Republicans wanted to enact huge tax cuts for individuals and businesses in 2001 and 2003 (as well asadditional cuts in other years), they realized that it would result in long-term deficits of unforgiving amounts. So they scaled back their package with a gimmick–a sunsetting tax provision that, like Cinderella’s fairy […]

War taxes?

by Linda Beale(cross posted at ataxingmatter) One can question the timing of implementation, but can one argue against the financing? …Rdan War taxes? Since Bush invaded Afghanistan in 2001 (and then, Iraq), we have been paying for war as an afterthought. In the Bush era attempt to treat war as something that happened “over there” […]