www.texastribune.org — The House is set to consider its tax relief package today as the impasse between its approach emphasizing a cut to the sales tax rate and the Senate’s recipe that relies on a property tax reduction shows no... The post Impasse on Tax Cuts Persists on Eve of House Debate appeared first on.
If taxes didn't exist, Republicans would have to invent them so they could say that cutting them would solve our problems. With the exception of Marco Rubio, it seems like almost every presidential hopeful on the Republican side has come out in favor of some kind of flat, or at least flatter, tax as the secret […]
I feel over 30 years younger. A recent UK debate reminds me of the infamous Reagan commercial - it’s Morning in America again. You see the Reagan tax cuts saved America from that awful 1982 recession under Jimmy Carter. Oh wait – Reagan became President before the 1982 recession. Show More Summary
Prominent tax professor calls on govt to tweak negative gearing rules to fund tax cuts: report.
I hate to admit it, but Ed Miliband has a point about the need for raising the stamp duty threshold to £300,000 for first-time buyers. (The FT has the story… Continue reading The post Ed Miliband is right – first time buyers need a tax cut appeared first on Spectator Blogs.
Kansas is on a roll this month, if by “on a roll,” you mean “wow, it seems like they come up with a new way to screw poor people every single day!” What are they doing now? Oh, just trying to get poor people to pay for all the tax cuts rich people have been enjoying for several years now. Show More Summary
Want to create some jobs? Then cut some taxes. But make sure you cut them for the right people.
The economic good news continues. Until now, the Achilles’ heel of the recovery was weak tax revenue – in part deliberate, as Osborne’s tax cuts meant the thousands moving into… Continue reading The post At last, tax receipts are surging as Osborne’s recovery continues appeared first on Spectator Blogs.
This is from a state that has a law making it illegal for poor people to go to swimming pools. Let’s say you’re the Governor of Kansas. The tax cuts for the rich you pushed through a couple years ago mean you’re in a world of budgetary hurt, and you’re not sure how you’re going to pay for basic expenses like roads and schools this year. Show More Summary
Dating back to the 2014 campaign season when they were making political hay about “tax cuts for big oil” (they targeted Senator Lonnie Laffen in particular) North Dakota Democrats have invested themselves heavily in opposing any sort of tax reform benefitting the oil industry. When Republicans announced legislation to enact that sort of reform last week,...
The exact link between tax cuts and job growth has for years been a matter of fiery debate, from college economics departments to the chambers of Congress. Now, a working paper from the National Bureau of Economic Research could add some nuance to the dispute: Tax cuts do, in fact, boost employment...
Let’s say you’re the Governor of Kansas. The tax cuts for the rich you pushed through a couple years ago mean you’re in a world of budgetary hurt, and you’re not sure how you’re going to pay for basic expenses like roads and schools this year. What do you do? Repeal...
Three years ago, in Kansas: “Gov. Sam Brownback and his celebrity tax policy consultant, Arthur Laffer, said Tuesday that the income tax cuts Kansas lawmakers approved earlier this year will drive growth and make Kansas...
It turns out that tax cuts for the job creators...don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an assistant economics [...]
When it comes to tax policy, the Bush family has one thing in common: They like to cut taxes on investors.
As far as Rand Paul is concerned, McCain and Romney didn't offer tax cuts. That's ridiculous, but it's nevertheless an oversight Paul intends to correct.
Wealthier Kansans are paying much less in taxes after Republican Gov. Sam Brownback cut overhauled the state's income tax a few years ago. Brownback and other Republican officials hoped that more generous policies would stimulate the economy, bringing more revenue into the state's coffers and making up the difference on the bottom line. Show More Summary
Marco Rubio’s presidential campaign is running into an unusual problem without precedent in the post-Reagan era: His tax cut is too big. The trouble is not so much that his tax cut is substantively too big — within the context of a Republican primary, a “too-large tax cut” does not... More »
Co-authored by Rep. Jim McDermott Last week, House Republicans passed a bill to repeal the estate tax, giving a massive tax cut to the wealthiest 0.15% of Americans. In other words, 99.85% of Americans would see absolutely no benefit...Show More Summary
Tax cuts are an effective way to bolster a weak economy and create jobs—as long as they are targeted at the bottom 90% of income earners.