Lawrence Kudlow, the CNBC pundit and Republican adviser, has co-founded the “Committee to Unleash American Prosperity” to lobby for supply-side economic policy. CUAP recently hosted Scott Walker, who appears highly congenial to the committee’s agenda. The interesting thing about Kudlow’s continuing influence over conservative thought is that he has elevated... More »
Few conservative economists have been as influential over the last decade as Glenn Hubbard. He was an architect of President George W. Bush’s tax cuts and of Mitt Romney’s 2012 economic plan. He has preached the importance of permanent, fundamental policy changes -- such as reducing tax rates and simplifying the tax code -- for […]
Corporate tax rate cuts are good for economic growth, and they aren’t bad for government revenues, either. In fact, eliminating the corporate income tax would actually increase annual federal revenue in the long run. This is due to two...Show More Summary
At MoneyWatch: Is competition to attract businesses harmful?: State and local governments often use incentives such as tax cuts, rebates, promises of government services and the easing of regulatory restrictions to induce new or existing businesses to locate in their...
Governor Walker’s budget includes more than $300 million in new tax cuts. He proposes reducing the amount of support the state provides to critically important institutions, such as public schools and the University of Wisconsin system, to help pay for the new tax cuts and to close the deficit caused by last year’s tax cuts. [...]
Upper Midwest neighbors Wisconsin and Minnesota share a border, but their differences extend far beyond the Packers–Vikings rivalry. They go all the way to their state Capitols.
The New York Times recently reported Republican governors across the country were "bucking the party line" on taxes, citing eight GOP executives proposing tax hikes. Bloomberg also noted the trend of Republican governors and "much-regretted" tax increases earlier this week. Show More Summary
By Rachel Goldfarb, originally published on Next New Deal Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Free the Middle Class (USA Today) Senator Elizabeth Warren and Representative...Show More Summary
I don't think you need a crystal ball to predict that whoever runs for president in 2016 will have some sort of tax cut at the heart of their platform, probably targeted at the middle class, and I'm talking both Democrats and Republicans. Show More Summary
Illinois' new GOP Governor, Bruce Rauner, will personally receive a $750,000 per year tax cut as a result of his decision not to continue the state's temporary 1.25% income tax surcharge that expired last year. His taxes were cut by an amount equal to the annual income of 14 families of four making the median income. Show More Summary
Today the state House took up four different income tax bills. One passed, and three failed. Here’s what House lawmakers rejected: HB1167: Introduced by Rep. Scott Louser (R-Minot), this was by far the largest tax cut before the House. It would have represented a reduction of $973 million in personal income taxes in the coming biennium by...
Larry Mishel: Even Better Than a Tax Cut: With the early stages of the 2016 presidential campaign underway and millions of Americans still hurting financially, both parties are looking for ways to address wage stagnation. That’s the good news. The...
Lawrence Mishel: [Even Better Than a Tax Cut](http://equitablegrowth.org/?p=9405): "The challenge is to ensure that a typical worker’s wages...
Mediaite: The Colorado Bomber Says That He Was Not Targeting His Bomb At The NAACP Office But Instead A Tax Preparation OfficeMSNBC's Melissa Harris-Perry Says That Since This Bombing TERRORIZED BLACK PROGRESSIVES NATIONALLY...........The...Show More Summary
As the state’s fiscal position becomes more dire, in large part due to the tax cuts implemented last year, Governor Walker proposes to delay some debt payments. From Jon Peacock at Wisconsin Budget Blog: We finally learned this week one of the major tactics being used to fill the large hole in this year’s state […]
A cut in the corporate tax rate would have large effects on GDP, but minimal effects on total federal revenue in the long run. The large boost to the size of the economy from a corporate tax cut comes from a lower cost of capital. The...Show More Summary
Via Ed Kilgore, this might prove to be Scott Walker's biggest Achilles' heel: Wisconsin Governor Scott Walker, facing a $283 million deficit that needs to be closed by the end of June, will skip more than $100 million in debt payments...Show More Summary
Gov. Scott Walker (R) wants to delay a debt payment to cover a budget shortfall, which will end up costing the state more in the future. The post Wisconsin Governor Will Skip Paying State’s Bills To Plug Budget Hole Created By Tax Cuts appeared first on ThinkProgress.
THIS IS KIND OF LIKE REPEALING THE HOLLYWOOD TAX CUTS: Ending the Sweetheart Deal Between Big-Time College Sports and the Tax System.
New Jersey became one of the highest-income, wealthiest states by taking advantage of its location in the middle of the world's largest markets with convenient access to New York. No other state can make the same claim, but location is only a critical advantage if New Jersey improves and modernizes its roads, bridges and public transit networks. Show More Summary