Erica York (VP Tax Foundation) discusses how the Trump tariffs will cut into the income tax relief for all tax brackets due. Read on . . . We’ve spent a lot of time in this newsletter tracking the surge in tariff revenue over the past year. Now it’s tax filing season, and those two stories are colliding. Recent […]
Quick update on what is going on with healthcare for citizens. Republicans are still working hard to cut healthcare benefits to 1.5 to 2 million citizens. Let’s not forget the reasoning for doing so. Tru_p’s tax cuts to the upper 1 or so percent of the population not needing a tax cut need a balance. […]
Dipping deep here to an old tune sung by the Temptations and then Edwin Starr. Tax Breaks to the wealthy do not pay for themselves and neither do they trickle down to lower income people. The 2017 Tax Break The reality is the 2017 Tax Cuts and Jobs Act (TCJA) did not pay for itself […]
People come [to Trump campaign events] with tremendous passion and love for their country. … When they see what’s going on in this country, they have anger that’s unbelievable. They have anger. They love this country. They don’t like seeing bad trade deals. They don’t like seeing higher taxes. They don’t like seeing a loss […]
Via Holly, I learned of this cool site called: Sidewalk Bubblegum. The subtitle is: Cartoons about War, Racism, Sexism, Capitalism, Worker Rights, Human Rights, the Environment and Consumerism. I really thought this one gets it so perfect. From 1996 no less!
Just watch this. It is 1 minute long. Could it be anymore surreal? HOW MANY TIMES DO WE HAVE TO DO THIS? HOW MANY FREAKIN’ TIMES DO WE HAVE TO LEARN THE LESSON? Obviously, the lesson has not been relearned since at least sometime before 1992. If it had been relearned, we would not be […]
I sometimes get the ‘eyes rolling’ reaction from people in my social sphere when I insist that at least linking to original documents is important, and that someone needs to follow up on what an author says someone else says (as a way to gain traction and authority status for their own writing, such as […]
Via Taxprof blogWall Street Journal: Tax Twist: At Some Firms, Cutting Corporate Rates May Cost Billions: What Uncle Sam has given to the earnings of companies like Citigroup, AIG, and Ford he soon might take away. President Barack Obama has said, most recently during last month’s presidential debates, that the 35% U.S. corporate tax rate […]
Via Barry Rithotz at The Big Picture comes Bruce Bartlett’s take on : Bruce Bartlett and the dangers of Republican know-nothingism Bruce Bartlett goes off on some of the denialist behavior from the GOP. Bartlett writes: When a study doesn’t support their dogma, the GOP censors it: Nonpartisan Tax Report Withdrawn After G.O.P. Protest Original study […]
ProGrowthLiberal at Econospeak reminds us of a central tenet myth of this electoral campaign, and an example of political pressure on information sources: Tax Policy: You Can’t Handle the Truth Sahil Kapur reports on something that does not surprise me on two levels: The author of a Congressional Research Service study, who found no evidence […]