As you know, one of Paul Ryan’s central goals is to take away the health insurance of tens of millions of people to help fund massive upper-class tax cuts. How should Democrats respond? I think this is essentially right. In summary: As with all other issues, the default position of the Democratic caucus should be […]
From Lawrence Solomon at FinancialPost.com. With repealing Obamacare, building a wall, cutting corporate taxes and keeping jobs at home all high on Donald Trump’s agenda, the announcement Tuesday that he asked Robert F. Kennedy Jr. to consider chairing a commission...
Washington Post: “Trump said he expects Republicans in Congress to move quickly and in unison in the coming weeks on other priorities as well, including enacting sweeping tax cuts and beginning the building of a wall along the U.S.-Mexico border.” [...]
In two separate, and quite striking, interviews with Germany's Bild (paywall) and London's Sunday Times (paywall), Donald Trump did what he failed to do in his first US press conference, and covered an extensive amount of policy andShow More Summary
Bloomberg, Kansas Offers Cautionary Tale for Trump's Tax Ambition Center on Budget and Policy Priorities, ACA Repeal Means Tax Cuts for Drug Companies and Health Insurers Frank Clemente (Americans for Tax Fairness ) & Ron Pollack (Families USA), How Obamacare Repeal Helps Rich, Hurts Poor (USA Today op-ed) CNBC, Larry...
Adam Ozimek: The Case Against Cutting Top Marginal Tax Rates: For some people, cutting income tax rates is an evergreen strategy for expanding the economy. If you cut income taxes, the argument goes, people will work more. Under this logic,...
Irecently argued that the fact that people in the top of the income distribution already work a lot suggests little room for an added boost from cuts in the top marginal income tax rate. Here are a few added points on this topic. Yes, there are other margins of labor [...]
These eight forces are structural, and cannot be erased by tax cuts or policy tweaks. If there is any economic assumption that goes unquestioned, it's the notion that profits will remain robust for the foreseeable future. This assumption ignores...
If Paul Ryan wants to strip health care from millions of people to help pay for massive upper-class tax cuts, David Brooks’s job as he conceives of it is to defend him. As you would expect, his collection of implausible abstractions, random anecdotes, and complaints that Ken Arrow isn’t really hip anymore in defense of […]
But they overwhelmingly agree on one thing: Taxes on rich people should not be cut.
Submitted by Charles Hugh-Smith via OfTwoMinds blog, These eight forces are structural, and cannot be erased by tax cuts or policy tweaks. If there is any economic assumption that goes unquestioned, it's the notion that profits will remain robust for the foreseeable future. Show More Summary
A pillar of president-elect Trump's economic plan is a fiscal stimulus in the form of tax cuts and $500 billion-plus of infrastructure spending. Trump's victory sparked a rally in the copper price which is seen as a bellwether for metals...
Obamacare is a complicated law with lots of interlocking parts that make it tricky to understand. But one of the core, very simple things it did was raise taxes on the wealthy in order to fund subsidized healthcare for more Americans. Show More Summary
His business interests fuel the power of monopolies.
Donald Trump won't put real estate business in blind trust; president-elect's tax cuts could dent U.S. credit rating; and U.S. files unfair trade complaint against China. These headlines and more from CBS MoneyWatch.
Earlier this morning, Kellyanne Conway appeared on Bloomberg to discuss Trump's economic policies regarding everything from job creation to tax cuts, energy investment, infrastructure spending, Obamacare and China. Of course, she started...Show More Summary
Repealing Obamacare would give 400 of the richest families in America a tax cut worth an average of $7 million each, even as it yanks health insurance away from low- and middle-income Americans. That may sound like a harsh way of characterizing repeal. Show More Summary
A Republican governor lives the dream. He cuts taxes dramatically in his state and he promises good times ahead. But the good times do not come.
Pixabay Experts are forecasting boosted GDP, corporate tax cuts, looser lending regulations and an overall improved economic outlook for the U.S. under the Trump administration. But it won’t be all sunshine and happiness just yet. Trump’s expected policies will likely drive inflation upward, forcing the Fed to counteract by increasing the pace [...]
Experts are watching to see if President-electDonald Trump’s future policies will impact the economy as projected. Flickr/Philip Brewer Most estimates regarding fiscal stimulus from corporate tax cuts, lending deregulation and the like are still a bit premature, experts say, but financial markets are optimistic the president-elect and his Cabinet picks will mean [...]