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

Real Ryan Roadmap: Tax Freedom for Billionaires

by Bruce Webb The Ryan Budget Roadmap was introduced in January, and then sank like a stone. But with Ryan’s appointment to the Catfood Commission it and its author have drawn some new attention which borders on fawning. Or at least part of the plan has drawn attention, that part which would privatize Social Security […]

Tax expenditures, tax cuts, and IOUs (bonds)

We have seen the argument from some commission participants (Peterson for one) that Social Security is too expensive for those who need it and pay for it because it is an ‘entitlement’. We also have read from some Congress members (Senators Kyl and McConnel) that tax cut extensions of the Bush presidency are not deficit […]

"Brother can you spare an economist?"

by Bruce Webb One raging argument that needs to be settled by the end of this year is what to do about the sunsetting of Bush tax cuts. Now it seems there are three general end points here: one, do nothing and they all expire at year’s end; two, extend them all, perhaps permanently; or […]

Tax Burdens and Economic Growth – Answering the Objections

by Mike Kimel Tax Burdens and Economic Growth – Answering the Objections This piece is cross-posted with the Presimetrics Blog. Consistent with findings in Presimetrics, the book I wrote with Michael Kanell which will be released in August, I’ve had some posts whose results contradict standard economic theory. In some cases, readers have insisted that […]

Romer appears again Or: John Mauldin argues like a claims reviewer

by divorced one like Bush So I check my mail today, 10/17 (been attending continuing ed this weekend) and find that as a member of the National Association of the Self-Employed (150K strong) I will now receive a news letter of sorts from a John Mauldin by receiving his latest: Muddle Through, R.I.P? Muddle Through […]

Leona Helmsley Omnibus Tax Reform Act of 2009

by Bruce Webb Well there is no such bill, but it would be a good title for what we would see if we put the entire economic right tax agenda together. Because what seem to be totally different arguments end up delivering the same outcome. We can start with the corporate income tax. The argument […]

Attention Republicans/Blue Dog Democrates: Tax cuts as stimulus work against your goal

by Divorced one like Bush I think it’s time to reread the World Bank report on what creates wealth because it seems that the arguments against the stimulus are from a mind-set of very narrow thinking about what creates wealth. They all seem focused on what the World Bank report calls “Produced Capital”. Unfortunately, focusing […]

Tax Cuts Don’t Payment for Themselves

Richard Kogan and Aviva Aron-Dine recently put forth CLAIM THAT TAX CUTS “PAY FOR THEMSELVES” IS TOO GOOD TO BE TRUE: Data Show No “Free Lunch” Here: In recent statements, the President, the Vice President, and key Congressional leaders have asserted that the increase in revenues in 2005 proves that tax cuts “pay for themselves.” […]