In the Vice Presidential debate Ryan said that the Kennedy tax cuts generated so much growth that tax receipts increased enough to offset the revenue losses. When I look at the data it sure looks like this claim is another one of his Any Rand fantasies. The economy did grow rapidly after the Kennedy tax […]
I’m sure you are all feeling kind of blah. You have this final exam for this session and I can tell by your performances on the quizzes that you are still confused. The problem solving portions of the quizzes have been very telling. So lets review. You’re taxes are not too high. It’s your […]
by Professor Barkley Rosser Reposted from Econospeak with permission from the author Which Spending Is Easier To Cut And By What Level Of Government? Back from his break, our former co-blogger, Dean Baker at Beat the Press, takes down WaPo ed page editor, Fred Hiatt, for his pushing yet again for cutting Social Security because […]
Via Truthout this article points us to a trend in some states that instead of ‘restoring’ state government funding for services such as teachers, firefighters, and police, tax cuts are implemented to “establish a different spending baseline from 2008” or that “a policy of tax cuts will foster economic growth to enhance revenue”. … state income and […]
First a qualification. I am basing the following on info I found on the net. If the info is wrong, then I stand corrected as to who is or is not paying but not as to what happens when a large entity does not pay. The specific city and company are used purely for example […]
by Linda Beale Senate Dems unveil their tax cut proposal Senate Democrats, led by majority leader Harry Reid, unveiled a $26 billion tax-cut bill on March 26, 2012. See, e.g., Richard Rubin, Senate Democrats Said to Prepare $26 Billion Tax Cut Measure, San Francisco Chronicle (Mar. 26, 2012). The proposal revives the lapsed 100% expensing […]
By Daniel Becker Randolph Duke: Money isn’t everything, Mortimer. Mortimer Duke: Oh, grow up. Randolph Duke: Mother always said you were greedy. Mortimer Duke: She meant it as a compliment. Trading Places 1983 A while ago (an understatement) I posted on the question of what is rich. The first dealt with what issues to consider […]
The Washington Post points us to a thought that needs to be included in public debate. (h/t Stormy) Corporations pushing for job-creation tax breaks shield U.S.-vs.-abroad hiring data Some of the country’s best-known multinational corporations closely guard a number they don’t want anyone to know: the breakdown between their jobs here and abroad. So secretive […]
by Daniel Becker (This is a long post. The time for sound bite debate to the demise of learned discussion is over for we are flirting with danger.) Via a post at Financial Armageddon I learnt of a paper looking at the relationship of austerity implementation and social unrest. It is recent, dated August 2011. […]
by Mike Kimel A Post: Tax Burdens, Presidents, and Subsequent Economic Growth – A Few Pictures, Part 1 Last week I had a post looking at the relationship between the change in the tax burden in the first two years of a Presidential administration and the growth of real GDP during the remaining years of […]