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

The Right cuts food stamps to pass corporate farm welfare–where’s the sense in that?

by Linda Beale The Right cuts food stamps to pass corporate farm welfare–where’s the sense in that? The House has its priorities firmly in mind.  Those priorities involve making sure that the wealthy people and corporations keep their wealth while any and all possible cuts to any welfare or “entitlement” programs are made. All you […]

Ways and Means–still distracting with false scandals

by Linda Beale Ways and Means–still distracting with false scandals GOP representatives Camp and Boustany are continuing to beat the dead horse of an IRS “scandal” connected with the way the IRS has attempted to efficiently filter new applications for 501(c)(4) status to provide extra scrutiny to the most likely groups to be engaged in […]

Proposals for Cutting the IRS Budget

by Linda beale Proposals for Cutting the IRS Budget As the  budget battles loom again in our dysfunctional Congress, one of the targets of the right is, not unexpectedly, funding for the IRS.  Sequestration is already hampering the IRS’s ability to perform its functions.  See $6 collected for every $1.  But the right wants to […]

Senators promised 50 years of secrecy on their tax reform proposals

by Linda Beale Senators promised 50 years of secrecy on their tax reform proposals There continues to be more blather about the need for “tax reform, and buddies GOP Dave Camp and skin-deep Dem Max Baucus seem to be intent on accomplishing something “big”.  And that’s what’s worrying me. The Republicans have been arguing that […]

UK Territories to sign OECD Tax Info-Sharing Agreement, Reveal Beneficial Owners

by Linda Beale UK Territories to sign OECD Tax Info-Sharing Agreement, Reveal Beneficial Owners The UK’s David Cameron announced  that Britain’s 10 crown dependencies and overseas territories–Cayman Islands, Bermuda, Jersey, Gilbraltar, Anguilla, Turks and Caicos Islands, Guernsey, Isle of Man, and the British Virgin Islands–would sign on to the OECD’s multilateral convention on Mutual Administrative […]

Market Power, Minimum Wages, and the Sins of Friedmania

by Linda beale Market Power, Minimum Wages, and the Sins of Friedmania Two items caught my attention in today’s (June 22) newspapers and they represent diametrically opposed positions on what matters in society.  One, by Paul Krugman, deals with the problems of monopoly rents–especially in industries in which there is very little production in this […]

What Obligations Do Mainstream Media Editors (e.g., The Washington Post’s) Have to Bar Their Regular Political Columnists (e.g., Michael Gerson) From Stating Bald Misrepresentations of Fact?

Compare: When people realize that their most personal, sensitive, intimate, private health-care information is in the hands of the IRS that’s been willing to use people’s tax information against political opponents of this administration, then people have pause and they pull back in horror. — Michele Bachmann, on ABC News/Yahoo, May 20 (H/T Glenn Kessler, […]

Remember When the IRS Targeted Liberals?

by Linda Beale Remember When the IRS Targeted Liberals? Salon’s Alex Seitz-Wald has a story that provides additional context on the difficulty the IRS has in determining appropriate filters for political activity. See “When the IRS targeted liberals: Under George W. Bush, it went after the NAACP, Greenpeace, and even a liberal church,” Salon.com (May […]

Orrin Hatch on tax reform at the ABA–a predictable right-wing rant

by Linda Beale Orrin Hatch on tax reform at the ABA–a predictable right-wing rant Orrin Hatch was the keynote speaker for the ABA Tax Section luncheon today in DC. Having never heard the man in person, I was surprised at the bumbling nature of his speech. He came across as an old man reciting a […]