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More Jobs versus More Children

Dan Mitchell’s article today in the Wall Street Journal about why need marginal tax rate cuts rather than child tax credits has elicited a response from Jim Pethokoukis of AEI: From 1987 through 1992 — after the much ballyhooed 1986 tax reform — the top marginal rate was around 31%, yet real GDP growth averaged just 2.8%. Show More Summary

How Much Would An Individual Tax Rate Cut Add to the Deficit, and Who Would Benefit?

Reducing tax rates is a guiding principal of most tax reform plans. Even Democrats who see reform partly as a tool to boost revenues agree that some money generated by eliminating tax preferences ought to go to rate reduction. But how much does Treasury lose when Congress reduces individual tax rates, and which taxpayers benefit the [...]

How Much Would An Individual Tax Rate Cut Add to the Deficit, and Who Would Benefit?

Reducing tax rates is a guiding principal of most tax reform plans. Even Democrats who see reform partly as a tool to boost revenues agree that some money generated by eliminating tax preferences ought to go to rate reduction. But how...Show More Summary

North Carolina Douses Film Incentives After Tea Party Pushback

As California moves closer to quadrupling tax incentives for film production, North Carolina is moving in the opposite direction, cutting its program this week by two-thirds. The Tar Heel state joins a growing list of those that have...Show More Summary

They No Longer Say The Word 'Nggr, They Say Tax Cuts.    They Aren't Willing To Admit That The 'Americanized Negro Remains Underdeveloped Today, Disarmed Of Their Foraging Skills , 50 Years After The Post-Racial Progressive Fundamentalist Alliance Has Har

They No Longer Say The Word 'Nggr, They Say Tax Cuts. They Aren't Willing To Admit That The 'Americanized Negro Remains Underdeveloped Today, Disarmed Of Their Foraging Skills, 50 Years After The Post-Racial Progressive Fundamentalist Alliance Has Harvested Their Valuables Into Political Opportunism - They Say "Income Inequality"

On Glenn Hubbard’s Federal Taxes Being 18% of GDP

Dean Baker has some fun with Glenn Hubbard is Unhappy About the Budget Deficit. Dean notes: Hubbard was the chief economic advisor to President George W. Bush when he pushed through his tax cuts in 2001. The tax cuts, along with theShow More Summary

How to jumpstart the Eurozone economy

Francesco Giavazzi, Guido Tabellini, 21 August 2014 The stagnating Eurozone economy requires policy action. This column argues that EZ leaders should agree a coordinated 5% tax cut, extension of budget deficit targets by 3 or 4 years, and issuance of long-term public debt to be purchased by the ECB without sterilisation. Full Article: How to jumpstart the Eurozone economy

Every OECD Country Except the U.S., Chile, and Hungary Has Lowered Its Corporate Tax Rate Since 2000

The United States, Chile, and Hungary are the only three OECD countries that have not cut their corporate tax rate since 2000. Hungary and Chile, who had the two lowest rates in the OECD in 2000, have both increased their rates to 19...Show More Summary

Alaska Oil Tax Supporters Fending Off Repeal Efforts

By Steve Quinn JUNEAU Alaska (Reuters) - Alaska voters looked on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp. Show More Summary

Alaska oil tax supporters fending off repeal efforts

yesterdayNews : The Newsroom

By Steve Quinn JUNEAU Alaska (Reuters) - Alaska voters looked on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp. Show More Summary

Supply-Side Versus Keynesian Economics

By Shareholders Unite: We're sure that it's possible to make a reasonable case for supply-side economics, that is, showing that well targeted tax cuts and deregulation can have a positive effect on growth. We're also sure that there is a considerable amount that can be brought to bear against Keynesian policies. Show More Summary

Secular Stagnation Is a Cover-Up

John F. Kennedy campaigned for president in 1960 by belittling Dwight Eisenhower’s three recessions and declaring, “We can do bettah.” He was right. In the 1960s, after the Kennedy tax cuts were implemented, prosperity returned, theShow More Summary

Why Sarah Palin is allying with Democrats on taxes

The big political issue in Alaska revolves around the state's lucrative oil industry — and it has created some odd bedfellows. On Tuesday, Alaskans will vote on a package supported by Republican Gov. Sean Parnell that will cut taxes on oil companies, which supporters say will rejuvenate drilling in the state. Show More Summary

City pruning wrong trees, wasting tax dollars: report

Controller Scott Stringer’s office found that contractors hired by the Parks Department were pruning some trees that didn’t need to be cut back — and didn’t prune other trees at all.

Lib Dems plan to cut your tax bill further

A Liberal Democrat government will make further cuts in Income Tax and reduce National Insurance for millions of workers under manifesto plans announced today. The party plans to raise the personal allowance to at least £12,500 by the end of next Parliament.  This move would cut income tax for 30m workers and be worth £400 […]

Reagan vs. Obama: The Largest Tax Cut in American History Remembered

This week marks the 33rd anniversary of the signing of the Economic Recovery Tax Act by President Reagan at his beloved Rancho del Cielo.

Incident at Flagship Nordstrom – Using a Nightstick for Leverage – Everyday Life for the SFPD in the Twitterloin

Tweet(You know, I hope that Twitter will pay its taxes someday. Kind of a Better Late Than Never kind of thing, just cut a check for about a hundred million and make it out to the SF General Fund.) I don’t know what was going on here, but it looked intense

Keeping it simple

Great post by Thomas Mills today. ... budgets are about choices and priorities. And at the same time the GOP is screwing our public schools, they are handing huge payouts to their wealthy benefactors. The tax cuts they passed in 2013 disproportionately benefited the rich. Revenues are continuing to fall and our schools, universities and community colleges are paying the price.

Breaking With Tradition in Wisconsin: Taxes and Budgeting

Wisconsin lawmakers have passed dozens of tax cuts since 2011, many aimed at people who earn the most. Low income taxpayers have received much smaller tax cuts, and some may even be paying higher taxes than they did before 2011. TheShow More Summary

Why reform conservatives should embrace a universal basic income

Reform conservatives — colloquially known as "reformocons" — are having their day in the sun. They made the cover of The New York Times Magazine with their push to move the right away from its myopic focus on tax cuts, starving government, and helping businesses owners. Show More Summary

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