by Linda Beale GOP two-step approach problematic Discussion continued apace yesterday about the “supercommittee” and the idea of agreeing to agree someday on some revenue increases while going ahead with cuts. This approach is a terrible one since it gives the obstructionist GOP members just another setting in which to refuse to go ahead with […]
By Linda Beale Infrastructure gamesmanship puts wealthy ahead of jobs, good bridges, and country For those who are paying attention to the House and Senate these days, it seems like a frustrating exercise. Mostly it is one of watching the “do-nothing” Republicans find excuses for never requiring millionaires and billionaires to pay their fair share […]
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 […]
Op ed by Nancy Ortiz Scott Hochberg’s article Making E-Verify Mandatory: The Perfect Storm for Crippling the Social Security Administration and Jeopardizing the Social Safety Net discusses issues regarding the e-Verify system and a move in Congress to make it mandatory for everyone hired for a job in the US. He points out that eVerify […]
PGL, in the process of an optimistic piece, points us to Martin Feldstein ringing in 2011. Apparently, the reason is this: The most substantial potential boost to spending comes from a temporary reduction of the payroll tax, lowering the rate paid by employees on income up to about $100,000 from 6.2 per cent to 4.2 […]
by Linda Bealecrossposted from Ataxingmatter Why Tax Law Should be Required of All Law Students We tax profs have a tendency to tell our colleagues that tax law should be a mandatory topic for all law students because there’s nothing that you do that has economic consequences for which tax law isn’t relevant. Whether you […]
by Linda Beale ABA Tax Section Report on the Economic Substance Doctrinecrossposted with Ataxingmatter The ABA Tax Section put together a large working group to write a report on the newly codified economic substance provision–Download ABA Economic Substance. Comments on Notice 2010-62. The working group was led by several people, including Michael Desmond, who just […]
by Mike Kimel How Tax Rates Affect Investment and Consumption – A Look at the DataCross posted at the Presimetrics blog This post looks at how changes in the top marginal tax rates affect peoples’ decisions on how much to consume and invest. Ask a libertarian or conservative economist and the answer is obvious – […]
CoRev asks if anyone wants to discuss the justifications of the beneficiaries of the different parties policies. So I though this gives me an opportunity to present some recently publishedCBO data on income and tax that could give people something to tie the discussion to. Republican policy has been to favor the more affluent in […]
by Mike KimelCross-posted on the Presimetrics blog. Taxes and Private Sector Investment – Evidence from the Real WorldLast week I had a post (which appeared both here and at Angry Bear). The post included the following graph: Figure 1 The graph looks at every eight year period since 1929 (the first year for which National […]