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House OKs $287 Billion Tax Cut with No Offsets

The GOP-led House of Representatives embraced a former stimulus measure Friday, voting to make it and another related tax cut permanent, adding $287 billion to the deficit over the next 10 years. The largest part of the cut, worth more...Show More Summary

Poll finds Millennials Pro-Pot, Anti-Tax, Unsure on BitCoin

A new Reason-Rupe poll found those between ages 18 and 29 are playing Twister when it comes to their political leanings. For example, 59% say cutting taxes would help the economy, but two-thirds of the same group say its the government’s responsibility to guarantee everyone access to health care.

Poll finds Millennials Pro-Pot, Anti-Tax, Unsure on BitCoin

A new Reason-Rupe poll found those between ages 18 and 29 are playing Twister when it comes to their political leanings. For example, 59% say cutting taxes would help the economy, but two-thirds of the same group say its the government’s responsibility to guarantee everyone access to health care.

New Jersey Budget Avoids Harmful Temporary Tax Hikes, Allows For State “Amazon Tax

Last week, Governor Chris Christie signed into law a $32.5 billion state budget for New Jersey – but not before using his line-item veto to cut back significantly on scheduled pension payments and strike down a pair of temporary taxShow More Summary

Johnston: Americans Have Missed Out on $6.6 Trillion of Income Since 2000 Due to Bush Tax Cuts

Al Jazeera: Americans Have Lost Out on $6.6 Trillion, by David Cay Johnston: I calculated that enormous figure by comparing the average income Americans reported on their 2000 tax returns with what they reported each year for 2001 through 2012, adjusting for inflation and the growing population. Add up the...

Stop the 2015 tax cuts

2 days agoUS Politics / Liberal : BlueNC

It doesn't take a genius to see the practical way out of our budget conundrum. But then again, it does take at least a few brain cells, which we seem to be lacking in Raleigh. STOP THE FREAKIN' TAX CUTS

Tax Cuts Don’t Pay For Themselves

Andrew Prokop delivers a reality check: After [Sam Brownback's tax cuts in Kansas] became law, it was undisputed that Kansas’s revenue collections would fall. But some supply-side analysts, like economist Arthur Laffer, argued that increased economic growth would deliver more revenue that would help cushion this impact. Yet it’s now clear that the revenue shortfalls […]

Taxes, Walgreens, the TPP, TTIP and TISA

Walgreens is reported to be considered emigrating from the United States, renouncing its citizenship and becoming a Swiss Citizen to cut its tax bill. Well and good for its shareholders. If it were a person it would then have to apply for a visa to visit the United States and because it was a non-US citizen would not be permitted to be employed in the United States.

NY Times: Medtronic Shareholders Will Pay the Tax Price for Inversion

New York Times Deal Book: In Deal to Cut Corporate Taxes, Shareholders Pay the Price, by Steven Davidoff Solomon (UC-Berkeley): Medtronic is pursuing a deal to move abroad and save taxes. But few have noticed that the company’s shareholders will be the ones left with a big tax bill as...

Tax Cuts Don’t Always Work

The Republican agenda of massive tax cuts for the wealthy no matter what is leading to fiscal disaster in Kansas. The post Tax Cuts Don’t Always Work appeared first on The Good Men Project.

In Deal to Cut Corporate Taxes, Shareholders Pay the Price

In its bid to acquire Covidien, Medtronic will move abroad and lower its corporate taxes, but its shareholders will be left with a big tax bill, writes Steven Davidoff Solomon in the Deal Professor.

Tax rises to come, thanks to Labor, Greens and Palmer

Terry McCrann says the Budget didn’t cut much spending to start with, so it’s not a disaster - yet - that the Senate is blocking…

"Keep Your Enemy On Trial" -- None Of His Progressive Peers Are Going To Ask Paul Krugman To Look Past The Credit Rating Of "The State Of Kansas" (AA+) After Their Right-Wing Tax Cut Policy And Explain CA, IL, NY & CT

Another Friend Of "The Center For American Progress" NY Times Paul Krugman: Charlatans, Cranks and Kansas Krugman argues that "Tax Cuts" and "Trickle Down Economics" fail to produce the outcomes promised by the "Right Wing". The bond...Show More Summary

Budget Cuts Force Homeless Shelter To Close As Tax Breaks Go To Wealthy Kansans

Twelve families, including more than 26 children, will need to find somewhere new to live next week. The post Budget Cuts Force Homeless Shelter To Close As Tax Breaks Go To Wealthy Kansans appeared first on ThinkProgress.

Proof That Cutting Taxes Does Not Stimulate?

By Steven Hansen: Economic theory is interesting. There never has been "scientific" proof documenting how any theory performs against the wide range of economic dynamics because there is no experimental control sample for comparison....Show More Summary

Germany Cuts Funding (Again) for Film Tax Incentive

Wes Anderson’s “The Grand Budapest Hotel” and George Clooney’s “The Monuments Men” both received backing from the German Federal Film Fund, which will have its budget cut for 2015. read more

Obama Plan Cuts Taxes of Working Class

Roberton Williams, TaxVox: President Barack Obama's 2015 tax plan will translate to cutting taxes for the U.S.'s working class while having the wealthiest Americans pay more, according to new estimates. The poorest 20 percent in households will see their after-tax income increase by 0.7 percent, while the top 20 percent's income after taxes will decrease by 1.2 percent.

Fitness enthusiasts exercised over D.C.'s new yoga sales tax

I love July 4th, but I hate when it and other holidays cut into my exercise routine. Independence Day falling on Friday means my yoga class is canceled. Yoga can be challenging, but I'm a big fan. It's a great way to break up the work day and relieve stress, especially at tax time. Show More Summary

President Obama’s FY 2015 Budget

When President Obama proposed his 2015 budget last March, he vowed to cut taxes for working class Americans while making sure high income households pay their “fair share.” New Tax Policy Center estimates show that, like it or not, Obama would do pretty much as he promised. Show More Summary

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