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The 529 Microcosm: A Revealing Political Train Wreck with Regard to an Inefficient Tax Break

This little train wreck over the White House's proposal and then retraction of a plan to cut back on a wasteful yet beloved tax benefit is highly instructive. It's a clear example of how much hot air there is in these fiscal debates,...Show More Summary

How Obama could easily have avoided his 529 screwup

On Tuesday, the Obama White House was forced to withdraw its plan to cut the tax savings of 529 college savings accounts. It was the president’s first speed bump after a strong recovery from tough midterm elections; not only did Republicans, as usual, criticize the plan as an attack on the middle class, but so did […]

Got Growth? Dynamic Scoring, Deductions and Governors

The GOP says it wants a revolution, but who’s going to change the world? Long touted as a way to prove that tax cuts can pay for themselves by the economic growth they generate, “dynamic scoring” of federal legislation is no simple task. Show More Summary

Sam Brownback’s office shared budget plans with lobbyists weeks before publicly unveiling proposals

Embattled GOP Kansas Governor tipped two former aides off to plans for budget cuts, sales tax increases

Obama Backs Off Tax Cuts On College Savings Plans

Opposition, first from Republicans, and then from Democrats, doomed it. Your day isn’t complete until you “like” us on Facebook Now read this:What Was Buried In the State Of The Union Address (Jan 24, 2015) Cooking The Numbers (Jan 21, 2015) White House Wise To Leak Key Initiatives Ahead Of SOTU (Jan 20, 2015) Obama [...]

DO TELL: Obama drops proposal to cut tax benefits of 529 college savings plans. And just one d…

DO TELL: Obama drops proposal to cut tax benefits of 529 college savings plans. And just one day after my USA Today column blasting that policy came out. Coincidence? I think not.

Amgen Profit Tops Expectations On Enbrel Sales, Tax Credit

(Reuters) - Amgen Inc on Tuesday reported higher-than-expected fourth-quarter profit, driven by strong sales of its blockbuster rheumatoid arthritis drug Enbrel, cost cutting and a tax credit. The world's largest biotechnology company...Show More Summary

David Cameron should supporting work through tax cuts, not Apprenticeships

In a Telegraph interview, David Cameron today pledges to cut the welfare cap – to £23,000 from £26,000 – to fund another three million Apprentice places. He says that this… Continue reading The post David Cameron should supporting work through tax cuts, not Apprenticeships appeared first on Spectator Blogs.

L.A. officials move closer to lowering tax on business gross receipts

Los Angeles lawmakers took steps Monday toward cutting the city's business tax rate starting in 2016.

L.A. officials move closer to lowering tax on business gross receipts

Los Angeles lawmakers took steps Monday toward cutting the city's business tax rate starting in 2016.

South Carolina Governor Offers Tax Swap

Cut the individual income tax and raise the gas tax—that was South Carolina Governor Nikki Haley’s message in her 2015 State of the State address. Though there aren’t a lot of details yet, it’s no surprise that South Carolina’s income tax rate is a competitive disadvantage for the state. Show More Summary

Taxing questions for Wales

The powers have yet to arrive but some politicians are already planning how to use them. You may have caught Welsh Tory leader Andrew RT Davies on last night's Westminster Hour on Radio 4 arguing for a 3-5p cut in the 40% higher rate...Show More Summary

Tax Liberalism!

Muhahahahaha!!!! I don’t know whether this is demonic, inspired, or both: “A sweeping proposal to cut taxes for Maine families and businesses could upend one of the most widely accepted practices in the country: the property-tax exemption for nonprofit organizations…… Continue reading ?

Fargo Forum: Wealth Redistribution Is Better Than Tax Cuts

There are a bunch of bills for tax relief before the 2015 legislative session, including two bills to take income tax rates down to zero. But according to the Fargo Forum, it would be better if the Legislature passed an amendment to the state constitution allowing for the state to redistribute excess revenues by just cutting...

Republican Governors Move to Hike Taxes

“Republican governors across the nation are proposing tax increases — and backing off pledges to cut taxes — as they strike a decidedly un-Republican pose in the face of budget shortfalls and pent-up demands from constituents after years of budget [...] The post Republican Governors Move to Hike Taxes appeared first on Political Wire.

Taxpayer clinics help fill void left by IRS budget cuts

Just hope you don't have any questions when you try to figure out your taxes this year.

For Republicans, the only tax cuts that matter are the ones for the wealthy

A tax cut for these guys? That's a tax cut. A tax cut for the middle class? "Washington spending." It's a foundation of American political debate: Republicans love tax cuts. It's almost an addiction, like catnip for felines. Economic conditions are irrelevant to the debate. Show More Summary

Nando’s cuts across global divisions

Forget the NHS, tax cuts or TV debates. The way to win British hearts at the next election is through their stomachs. ||| London - Forget the National Health Service, tax cuts or TV debates. The way to win British hearts at the next election is through their stomachs. Show More Summary

The right’s Reaganomics trap: How it distorted “populism” — and the left went along

Pushing tax cuts for the masses instead of cuts for the rich isn't "progressive" — it's left-Reaganism. Here's why

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