by: Daniel Becker This is a simple little exercise that frankly I wonder why no one with a pulpit (that would be you congress critters, executive office and MSM) has done it. It is for those who think simplistically. Thinking like: wealthy people create jobs with their extra money and not the non-wealthy people’s demand for […]
by Linda Bealecrossposted with Ataxingmatter Extending the tax cuts for the wealthy–the discussion continues The New York Times asked me for my views of Robert Samuelson’s recent argument in the Washington Post that extending the tax cuts for the wealthy made sense because they would otherwise cut back their spending, tax cuts for them will […]
We do know from Mike Kimel’s Presimetrics that the political message that tax cuts raise revenue is false. In particular, here are two looks at the topic from data from the last decade. It does appear that many want to continue what was done during this last decade…hold on to your wallet!! David Cay Johnston […]
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 […]
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 […]
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 […]
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 […]
by Daniel J Becker (DOLB for the rest of you) UPDATED BELOW.Well, I thought being tonight is the big night for the President I would give my version of the SOU. This is an update on the flower shop. For any new readers, these are real numbers from an honest to goodness small business. As […]
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 […]
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 […]