The Texas grid has (mostly) kept the lights on despite having minimal reserve margins for years. But if ERCOT, which operates the state’s grid, implements the U.S. Environmental Protection Agency’s proposed Clean Power Plan to cut carbon dioxide emissions, it will reduce grid reliability in the state even further. read more
Would Harry Reid's last big act as majority leader for the next two years be to screw over the middle class to help out business? If ThinkProgress's sources are right, that's what could be happening. Igor Volksy writes that sources tell...Show More Summary
Worried about the upcoming tax season? So are IRS Commissioner John Koskinen and National Taxpayer Advocate Nina Olson. I sat down with both of them to talk about challenges for the upcoming season, including coping with budget cuts, increased compliance concerns due to ACA, FATCA and the extenders and a delay to the tax season.
The Affordable Care Act has been a policy success. It has substantially reduced the number of uninsured, while slowing the growth in American health care spending. The people who have been newly insured under the ACA like it. None of these things have made the law popular among the population as a whole. Show More Summary
Credits: LEON NEAL/AFP/Getty Alt Text: Labour Shadow Education Secretary Tristram Hunt Tristram Hunt wants to tackle the 'corrosive divide of privilege' between private and state schools One-Minute Read Tuesday, November 25, 2014 - 10:31am See...Show More Summary
London Mayor Boris Johnson pays tax in the UK, but IRS wants its cut too. The feisty Mayor refuses, and this Canadian offers moral support.
I'm going to take a real wild guess that our compliant corporate media talking heads will treat this as gospel. Because the winners are always right, amirite? When Republicans took control of both houses of Congress earlier this month, they won an important new power: They can change how Congress does math. Seriously. Show More Summary
CABLE SLAMS OSBORNE TAX ‘FANTASY’ George Osborne’s plan for £7bn of tax cuts is a “total fantasy” warns Vince Cable. The business secretary told The Observer treasury officials believe the chancellor’s pledges are not affordable. “When...Show More Summary
Shorter Paul Ryan: The unprecedented tyranny of Emperor Obama issuing an unquestionably legal order as a term-limited elected official will prevent Congress passing upper-class tax cuts!
Amidst politics, hyperbole, gridlock, bipartisanship, skepticism, cynicism, advocacy and denial, we as individuals can feel powerless in making a substantial difference in the world in which we live. Yet each of us can contribute to solving issues which matter most to us. read more
This powerful case against the SNP’s Devo Max plans including a 3% cut in corporation tax is made in the academic website The Conversation by Arthur Midwinter Associate Professor, Institute of Public Sector Accounting Research at University of Edinburgh and a former adviser to the former Labour leader in the Scottish Parliament Johann Lamont. It more...
Tax Justice Network, California’s Tax Hikes Versus Kansas’ Tax Cuts: Early Results Now In: From a new paper by Paul Caron of Pepperdine University and Joseph Bankman of Stanford University: The conventional wisdom in California two years ago was that raising taxes on the wealthy would harm the economy and...
[Content Note: Class warfare.]"The Republicans have a pretty simple philosophy: They say if those at the top have more—more power for Wall Street players to do whatever they want and more money for tax cuts than somehow they can be counted on to build the economy for everyone else. Show More Summary
``They gathered to say ‘no' to austerity and budget cuts, as well as Hollande's policies which have been dictated by EU authorities in Brussels... "These austerity policies consist of massive cuts in social spending and huge tax breaks for big corporations. That's precisely what Hollande promised not to do," a demonstrator told RT.''
Sen. Sheldon Whitehouse's (D-RI) new bill uses the most economically efficient means of cutting emissions. But the size of the fee and the use of revenues could be improved. The post A New Carbon Tax Bill In The Senate Comes With Both Promise And Problems appeared first on ThinkProgress.
Konstantin Sutyagin/Shutterstock Many people have trouble thinking about taxes until the last possible minute. But you still have some time this year to do some do some things to cut your taxes next April. The tax-loss harvesting strategy...Show More Summary
Research shows that a carbon tax on Vermont's transportation and heating sectors, if properly designed, would increase disposable income and jobs for state residents. The post How A Carbon Tax In This Tiny State Would Cut Pollution And Add Thousands Of Jobs appeared first on ThinkProgress.
While investors are told day after day that low oil prices are "unequivocally" good for America's economy (pick your number $20, $30, $40 billion tax cut for consumers), it appears they are not buying this big lie (that appears to forget the other side of the equation of capex, jobs, and spending from the Shale Oil miracle). Show More Summary
Lots of stuff to get to today, so let’s dig right in! Mass protests in Champagne, France over taxes and other changes. Things aren’t bubbling over yet, but it’s about to pop! [Decanter] Larger wine stores are cutting back on selection,...Show More Summary
The lack of income growth has become a defining national issue and is hurting Democrats.