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Ten Things You Need to Know Today: Sunday 23 Nov 2014

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

Immigration Concern Trolling 2: Paul Ryan’s Empty Threats Edition

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!

A Carbon Tax on Me: How to Cut Emissions, Save Money, Invest for the Future and Help End Energy Poverty

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

Devo Max with corporate tax cut ” disastrous” for NI

2 days agoNews : Slugger O'Toole

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...

California’s Tax Hikes Versus Kansas’ Tax Cuts: Early Results Now In

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...

Quote of the Day

[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

'Austerity kills': Thousands rally against French President Hollande in Paris

``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.''

A New Carbon Tax Bill In The Senate Comes With Both Promise And Problems

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.

Beat the Crowd With This Smart Year-End Tax Move

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

How A Carbon Tax In This Tiny State Would Cut Pollution And Add Thousands Of Jobs

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.

Investors Don't Believe Low Oil Prices Are "Unequivocally" Good For America

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

Drinkhacker Reads – 11.12.2014 – Quick Links Edition

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

From The Upshot: Why Democrats Should Cut Taxes

The lack of income growth has become a defining national issue and is hurting Democrats.

Priorities, Priorities. Fuck It, More Tax Cuts for the Rich

This is what education looks like when you go full metal wingnut with the budget: The number couldn’t possibly be right, Marc Gosselin thought: $160. That was the total discretionary budget he was handed as the brand-new principal of Anna Lane Lingelbach Elementary, a public school in Germantown. That’s all he’d have to pay for [Read more...]

Wash . Post Hypes Right-Wing Myth Of High Corporate Taxes To Push For More Cuts

The Washington Post has promoted the conservative myth that corporate taxes in the United States are among the highest in the world while pushing the claim that tax rates should be further reduced as part of a so-called "reform" of the tax code. Show More Summary

Income Tax Cuts Increase Growth but Reduce Revenue

Some of the most heated debate over taxes focuses on a single feature of the tax code: the top marginal rate. Some people argue that the top marginal rate on income is an important feature in the incentives to work and invest. Others argue that the top bracket of the income tax is a key source of revenue for public priorities. Show More Summary

Cutting Social Security to fund tax cuts for the rich?

Rep. Bill Cassidy’s “record is crystal clear: voting to cut Social Security benefits to pay for tax breaks for millionaires like himself.” – voiceover of new ad sponsored by the campaign of Sen. Mary Landrieu (D-La.) This tough new ad from Landrieu — who faces a runoff election against Cassidy — uses clips from a […]

TaxProf Blog Weekend Roundup

Saturday: WSJ: Asian Students Outperform Americans on GMAT, So B-Schools Demand Separate Ranking of U.S. Students WSJ: Steps to Take by Dec. 31 to Cut Your 2014 Tax Bill Supreme Court Grants Cert. to Hear Challenge to IRS's Expansion of Affordable Care Act Tax Credit The IRS Scandal, Day 548...

The Detailed US Shale Oil Cost Curve: Where Is The Line In The Sand?

On an almost daily basis, investors are reassured that a falling oil price is "unequivocally good" for the US economy. The "It's like a tax cut for the consumer"-meme dominates financial media while the impact on the Shale (or tight)...Show More Summary

Medical Device Excise Tax and Transfer Pricing

The Republicans ran on tax cuts for the rich – well the “job creators” even if getting tax breaks will not necessarily led to any new job creation. But it is time to reward the base: First on the chopping block is likely the 2.3 percent tax on medical devices, such as hospital beds, MRIs, pacemakers or artificial joints. Show More Summary

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