James Pethokoukis and Avik Roy both highlight what may have been Clinton’s least defensible economic assertion of the first debate: that the Bush tax cuts somehow set off the economic crisis of 2008. T here’s no evidence to back up this argument, and no mainstream theory either. Show More Summary
In Monday’s debate, Hillary Clinton, as many conservatives hasten to point out, made an unsupportable argument that the Bush tax cuts caused the 2008 crash. You might make the argument that insufficient regulations or Fed policy (sustaining a bubble) or housing policy (everyone should own a home) or simply Wall Street irresponsibility is to blame […]
There were a few moments in Monday night's debate, when an eerie familiarity came over the debate stage. During the first few minutes, the Republican candidate called for tax cuts for the rich and gave a hearty endorsement to the magical thinking of trickle down economics. Show More Summary
Today is September 27, the date Google has decided is its birthday. Happy birthday, Google! Here are some interesting links I came across: Debate Night: Taxes came up. My colleague Scott Greenberg is writing an analysis that will be posted today. Show More Summary
My inbox just received a weird hodgepodge of economic claims ala Peter Navarro: Donald Trump’s economic plan proposes tax cuts, reduced regulation, lower energy costs, and eliminating America’s chronic trade deficit. Trump’s goal isShow More Summary
Dylan Matthews has a great new post showing that Trump’s new tax plan would devastate the sort of Americans who have been struggling hardest with the new economy: Batchelder provides several examples of families that would see their taxes go up under Trump’s plan. The biggest hikes number in the thousands of dollars, and are […]
How can you tell Hillary is worried about her base? Because she came out trying to paint Trump with standard generic Democratic attacks on generic Republicans (“trickle down economics,” “tax cuts for the rich,” blaming Bush, etc.) instead...Show More Summary
Kansas Governor Sam Brownback enacted his grand "tea party experiment" of Republican government, where he and his Republican-led legislature cut taxes and significantly reduced spending. The result has been catastrophic for the state's...Show More Summary
Lily L. Batchelder (NYU), Families Facing Tax Increases Under Trump's Latest Tax Plan: Donald Trump’s latest tax plan would cost more than $5 trillion over 10 years. Trump claims his plan would cut taxes for every income group, with the largest tax cuts for working- and middle-class families. But despite...
Kansas Governor Sam Brownback enacted his grand “tea party experiment” of Republican government, where he and his Republican-led legislature cut taxes and significantly reduced spending. The result has been catastrophic for the state’s economy and for jobs, but a report that would...
The International Monetary Fund called for Greece to cut pensions and taxes and for its lenders to provide significant debt relief in order for the country to make a convincing exit from the crisis....It argued that the pension system's...Show More Summary
This article by David Haggith was first published on The Great Recession Blog. Trump’s corporate tax cut is supply-side stimulus I could agree with if done right, even though it primarily helps the rich. Trump wants to cut the top corporate...Show More Summary
Republican presidential candidate Donald Trump continued his effort to woo the oil and gas industry in a speech Thursday with a promise to slash regulations and cut taxes. The speech, delivered before the Shale Insight conference in Pittsburgh, comes as Trump tries to shore up support in the oil and gas industry. Working-class employees in…
At MoneyWatch, why I think Social Security and Medicare will be in danger of large cuts if Trump is elected: Don't believe Trump’s tax and spending plans: Donald Trump’s new tax plan will increase the national debt between $4.4 trillion...
A proposed tax cut for repairs in Sweden is designed to reduce carbon emissions, but for some possessions it's better to just replace it, says Michael Le Page
] WASHINGTON — On the campaign trail, Donald Trump promises to help veterans and strengthen border security. But his economic plan actually would cut spending on those programs, according to a research group. Besides cutting federal taxes in a way that would benefit high-earners more than...
Commentary: He's trying to convince voters he can deeply cut taxes and spending and still boost growth -- not likely
Donald Trump’s policies would make the federal deficit much bigger. Hillary Clinton’s wouldn’t. That’s the most important takeaway of a new report, one that maybe should get a little attention this campaign season. The report comes from...Show More Summary
Comptroller Peter Franchot (D) says lower-than-projected revenues should rule out tax cuts next year. But he says don’t raise taxes either.
(September 21, 2016 05:52 PM, by Scott Sumner) Just about all economists agree that a sudden dramatic increase in oil prices is likely to be bearish for the US economy. Of course that's not always the case (for "never reason from a price change" reasons), but it's usually... (1 COMMENTS)