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In Thanksgiving message, Trump hails military gains and 'big, beautiful, fat tax cuts'

PALM BEACH, FLORIDA (Reuters) - U.S. President Donald Trump gave a bullish Thanksgiving address to troops overseas on Thursday, hailing progress in Afghanistan and against ISIS, and telling them they were fighting for "something real," including a stock market at record highs and his promised “big, beautiful fat tax cuts.” Read more... Show More Summary

The GOP tax plan got a triple whammy of brutal reviews

Three new analyses of the Senate's Tax Cuts and Jobs Act all delivered bad news for Republican leaders. The Tax Policy Center found that more than 50% of Americans would see a tax increase in 2027 under the bill. Only one out of 42 economists...Show More Summary

The Leprechaun Long Run

The more people think about the Republican proposal to cut corporate taxes the worse it looks. Most people dismiss the argument that the benefits will trickle down to workers. Supporters’ argument is that reduced taxes on profits will cause increased investment which causes higher production and wages. There are strong arguments that the tax cut […]

Trade deficits, offshoring jobs, Republican tax plan

Via Washington Post, Jared Bernstein writes: The Republican tax cut plan has been justly criticized for worsening both income inequality and the national debt, but the plan has another big problem: It’s likely to lead to more outsourcing of U.S. jobs and a larger trade deficit. That’s obviously a negative for factory jobs and net […]

Please Cut the Crap About Red States Subsidizing Blue States

The New York Times reports that many state governments are concerned that the Republican tax plan will hurt them: Of primary concern is the Senate’s plan to repeal the state and local tax deduction….The tax break is claimed by people across the nation, but is more heavily utilized in higher-tax states like Oregon, California, New […]

States Warn of Budget Crunch Under Republican Tax Plan

20 hours agoNews : NYTimes: News

Some state officials say the $1.5 trillion tax cut moving through Congress would raise taxes on residents and force tough decisions at the local level.

Murkowski Rolls

Apparently, the giant hole the Senate tax bill blows in the ACA won’t stop Lisa Murkowski from supporting the upper-class tax cuts she craves: Sen. Lisa Murkowski (R-Alaska) cast a decisive, dramatic vote to save health care for millions of people over the summer. The chances of her doing it again just went way down.  […]

Tax Reform Is Going To Eat My Lunch!

22 hours agoNews : Huffington Post

Republicans are using employee achievement awards and parking benefits to pay for a corporate tax cut.

UK to seek to cut plastic waste through tax system, charges: Hammond

LONDON (Reuters) - The British government will look into ways to reduce plastic waste through the tax system and charges on single-use plastic items, finance minister Philip Hammond said on Wednesday during his budget speech to parliament.

I have a feeling tax cuts for the rich aren't in Kansas anymore

22 hours agoHumor / odd : Boing Boing

FOLLOW @RubenBolling on the Twitters and a Face Book. WE URGE YOU TO JOIN Tom the Dancing Bug's subscription club, the Proud & Mighty INNER HIVE, for exclusive early access to comics, extra comics, and Other Stuff. You can also now join through Patreon! GET Ruben Bolling’s new hit book series for kids, The EMU Club Adventures. Show More Summary

Seth Meyers "Creepy" Edition: Trump Backs Roy Moore; Charlie Rose Fired for Sexual Harassment

Seth takes a closer look at the White House continuing to stand by an accused sexual predator running for Senate so they can pass tax cuts.

Republicans want to give corporations yet another tax cut and call it paid family leave

Americans want paid family leave—something people in most nations around the world already get. So it sounds like something to cheer that there’s a paid family leave provision in the Senate Republican tax plan, right? Yeah, no. This is very much a Republican family leave proposal, which is to say it’s a giveaway to big […]

Lawrence Summers on Trump Tax Cuts

Lawrence O’Donnell speaks with former Treasury Secretary Lawrence Summers about how the Trump-Republican bill violates all of Ronald Reagan’s principles for...

Why Roy Moore and Tax Cuts Matter

These two unconnected issues make for a pivotal moment for the GOP. Will it be their Waterloo or their Yorktown? Defeat or victory?

Explaining the Evils of Debt and Deficits, One More Time

Andrew Ross Sorkin had a good piece mocking the Peter Peterson funded Fix the Debt campaign since many of its CEO leaders are now gladly on the tax cut bandwagon. Unfortunately, the piece ends with sermonizing on the need to reduce deficits and debt. "In the end, Mr. Show More Summary

Who Gets a Tax Cut Under the Amended Senate Tax Cuts and Jobs Act?

Here's how the individual income tax provisions of the amended Senate's Tax Cuts and Jobs Act would impact individuals and families across the income spectrum.

The effects of employer payroll tax cuts

Cuts to the employer portion of payroll taxes are often discussed as a policy lever to reduce labour costs for firms. This column examines the effects of a Swedish experiment which dramatically cut employer payroll taxes for young workers between 2007 and 2015. Show More Summary

If You Care about Social Security and Medicare, You Should Care about these Tax Bills

The Joint Committee on Taxation, Congressional Budget Office, and Tax Policy Center agree that, without significant changes, the House-passed tax bill (the Tax Cuts...

Tax Reform, the IRS, Cybersecurity, and Privacy

The current tax reform debate has focused on economic growth and the value of cuts to different groups of taxpayers. Tax simplification has received less attention, and Republican bills would only make modest gains in that regard. Yet...Show More Summary

Kevin Cramer: Here’s Why I Support the House Republican Tax Cuts

North Dakota Representative Kevin Cramer Rick Abbott / The Forum If you were to guess which state earned the highest Gross Domestic Product (GDP) per resident, would you guess that the winner – by a long shot – wasn’t a state at all? Washington, D.C. Show More Summary

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