House Republicans Propose Big Tax Cuts for Business and Investors, Move Towards a Cash Flow Tax House Speaker Paul Ryan (R-WI) unveiled his long-promised rewrite...
This week, House Republicans unveiled the centerpiece of their domestic agenda, which is, unsurprisingly, an enormous regressive tax cut. If enacted into law, this proposal would significantly increase the budget deficit. You would think the anti-deficit lobby would therefore oppose it. But no. Maya MacGuineas, head of the Campaign to ... More »
House Speaker Paul Ryan (R-WI) unveiled his long-promised rewrite of the tax code today. The plan, which he says represents the consensus view of his Republican caucus, contemplates a substantial tax cut for businesses and many individuals, especially investors and high-income households. It would take a big step towards a [...]
Republican presumptive presidential nominee Donald Trump has proposed lowering the corporate income tax rate from 35 percent – one of the highest rates in the world – to 15 percent. This proposal, much like any other tax cut, has been criticized heavily for reducing federal revenue. Show More Summary
At its core, a carbon tax is a tax on the carbon content of fossil fuels. It would raise revenue and result in reductions of CO2. Some supporters have pushed for a revenue neutral carbon tax, which would be paired with tax cuts in other...Show More Summary
Heretofore, I’ve approached in a piecemeal manner the assessment of the impact of massive tax cuts for the wealthy, building a really, really great wall, a final solution for the presence of undocumented immigrants, and the imposition a 45% tariff on Chinese imports. Moody’s Mark Zandi et al. have now done the hard work of […]
Defenders of the Kansas and Wisconsin misadventures in supply side economics keep on pointing to North Carolina as the counter-example that proves tax cuts do prompt faster growth (e.g.,  ). A quick look at the data provides the following observations: (1) North Carolina GDP growth has merely matched nationwide growth since 2013Q1, (2) NC […]
George Voinovich, both a two-term senator and governor of Ohio, died June 12. Voinovich was an extremely popular governor known primarily for his fiscal discipline. Many of the remembrances of the Ohio politician have praised him for standing against his Republican allies and opposing the 2003 tax cuts proposed by George W. Show More Summary
Libertarians are far more interested in deregulation and tax cuts for the wealthy than any liberal social issues. Last week, the Libertarian Party’s presidential nominee Gary Johnson and his running mate Bill Weld made a cordial appearance on “The Late Show with Stephen Colbert” to pitch their libertarian message to America. Show More Summary
New Jersey lawmakers are vowing to move ahead with legislation establishing a 10-year, $20 billion fund for road and bridge work that includes a 23-cent fuel tax hike in exchange for other tax cuts, but Gov. Chris Christie is not on board yet.
St. Lucia's United Workers Party was victorious in last week’s elections.
@TBPInvictus here. In July 2012, Kansas Governor Sam Brownback penned an op-ed titled “Tax Cuts Needed to Grow Economy” in the Wichita Eagle. This was to be an experiment in supply side, trickle down economics; Kansas was to be the petri...Show More Summary
June 07--Gov. Mark Dayton followed through on his pledge to veto a $260 million package of tax cuts at midnight Monday. The veto came after Republican legislators again urged the governor to sign the bill, which would cut rates for a varie
Jonathan Chait: “There is nothing inherently racist about Ryan’s policy agenda. The arguments for enormous, regressive tax cuts, deregulation of finance and carbon pollution, and large reductions in spending assistance for the poor may be unpersuasive, but they have no [...]
Paul Ryan says Trump’s racist comments are “unacceptable,” but he’ll swallow them anyway because he wants tax cuts
Governor Jack Dalrymple, right, along with members of the Governor's Task Force For Property Tax Reform and the legislature announced a final tax cut relief package totaling $400 million in income and property taxes for the people of North Dakota on Tuesday morning in the state capitol in Bismarck. Show More Summary
Fifteen years ago, today, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 into law – perhaps the single most consequential piece of tax legislation enacted in the last quarter-century. AShow More Summary
Today is June 7, the date when the 2001 Bush tax cut, the first of two, was signed into law. (My colleague Scott Greenberg wrote a retrospective this morning.) Also today, Democratic primaries are occurring in Montana, New Jersey, New Mexico, North Dakota, South Dakota, and my home state of California. Show More Summary
However loudly they rant and however confidently they write, the old-line movement standard-bearers who preach supply-side tax cuts, eradication of gay marriage and return to “small government” no longer have sufficient support to command a presidential-sized electoral majority. Show More Summary
Bloomberg: Trump Gets Chance for Tax Cut Moving Trademarks to Delaware, by Lynnley Browning: As Donald Trump prepared for the Republican primaries, he transferred dozens of his most prized assets, the “Trump” trademarks that adorn everything from hotels to ties to his U.S. golf courses, into a new Delaware-based company...