The plan combines elements of his education proposals, tax cuts and immigration policies to revive cities that he has described as blighted.
Donald Trump on Saturday unveiled plans for the first 100 days of his presidency, vowing to create 25 million jobs over a decade and middle class tax cuts, as he and Hillary Clinton courted undecided swing state voters. While offering...Show More Summary
The state of Kansas continues to provide excellent insights into the failings of trickle-down economic theory. The theory, long discredited but revived by Donald Trump in an even more severe form, insists that tax cuts create jobs. The experience in Kansas says otherwise. Show More Summary
In Wednesday night’s presidential debate, Hillary Clinton offered a brisk survey of how she would grow the economy. She promised jobs in advanced manufacturing and clean energy, help for small businesses, and more apprenticeships and technical education. Show More Summary
Wednesday night’s presidential debate — the last, thankfully, of this cycle — was not a revelation. It was confirmation. This is election is not about left or right, your team or mine, tax cuts or tax hikes, expanding or crimping the welfare state, Obamacare or the Ryan budget, a slightly more liberal Supreme Court or […]
Today is October 18, the date in 2005 when the national debt passed the $8 trillion mark. Today it stands at $19.7 trillion, or more than $60,000 per person. Here are some interesting links I came across: Tax Initiatives on the November Ballot: We list significant tax-related ballot initiatives that voters will be deciding next month. Show More Summary
"Tax cuts skewed towards the wealthy elite starve our communities of much-needed resources while further tilting the scales towards large corporations and the rich."- Stephen Rouzer at Main Street Alliance If you cut taxes for the rich...Show More Summary
Hillary Clinton is proposing a new tax cut that would give an additional $1,000 a year or more to millions of parents of young children, part of a larger plan for middle-class tax cuts. The new plan would double the child tax credit to $2,000 per child for families with children ages 4 and under. Show More Summary
Donald Trump is not only pushing a massive tax cut that disproportionately benefits the wealthy of the wealthy. His campaign is also lying about it.
I know this is pretty meaningless, but TPC has released its latest—and presumably final—analyses of the Trump and Clinton tax plans. There's nothing surprising in them: Trump's plan features gigantic tax cuts for the wealthy and Clinton's features big tax increases on the wealthy. Show More Summary
As we observed yesterday, Paul Ryan has been able to retain the reputation as a Man of Great Principle and Seriousity based around “wonky” policy proposals that are absolutely bog-standard Republican “massive upper-class tax cuts and defense spending increases funded through slashing programs for the poor and asterisks” cons. For this reason, he has somehow […]
Trump is proposing massive tax cuts for both individuals and businesses. The conservative Tax Foundation estimates that the bottom 80 percent of taxpayers would see their after-tax income rise from 0.8 percent to 1.9 percent. Trump's...Show More Summary
Two big items of news in Lauren Fox's amazingly reported piece on Trump and the middle class tax cut. First, she finally got the goods on whether or not Trump tried to get the New York City middle class tax break. He did. Second, Trump...Show More Summary
“If Donald Trump is elected president and Republicans hold onto Congress, House Speaker Paul Ryan is bluntly promising to ram a partisan agenda through Capitol Hill next year, with Obamacare repeal and trillion-dollar tax cuts likely at the top of [...]
Most state governments are in an expansionary phase, as revenues are growing at a steady clip. Some governors are using the growing revenues to expand spending programs, while others are pursuing tax cuts and tax reforms. That is the backdrop to this year’s 13th biennial fiscal report card on the governors, which Cato released today. Show More Summary
There are times when you should do a dance and not a drink during this debate, to avoid alcohol poisoning... Seriously, any time Pence refers to tax cuts... And any time Kaine says "Ya know, my mom and dad..."? I also suggest you keep...Show More Summary
Mika Brezinski is the "token Democrat" on the Morning Joe show, and her boss Joe Scarborough is not ashamed to put her down for it. But when it comes to tax cuts for the wealthy (and making sure the Social Security cap stays right where it is grand bargain grand bargain) Mika sides with class over party every time. Show More Summary
If you follow state policy issues, you may think that there has been a lot of tax cutting recently because of high-profile reforms by Mike Pence, Sam Brownback, and a few other governors. I examine those reforms in Cato’s 13th biennial...Show More Summary
China's "Golden Week" holiday will see mainland tourists splurging in bazaars from Milan to Macau. Retailers should enjoy it while it lasts. Tax cuts will make shopping at home less painful, and younger Chinese prefer experiences to handbags. That will cap future growth.
WASHINGTON (AP) — For America's wealthiest families, the presidential campaign presents a stark choice: A big tax increase if Hillary Clinton wins the election — or a big tax cut if Donald Trump wins. [...] on taxes, his proposed tax...Show More Summary