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Huge Companies Are Already Bleeding the Middle Class Dry—So Why Do We Want to Give Them Tax Cuts?

Forty years ago, 109 firms earned half of the profits of U.S. public companies. Today it's just 30. It could be argued that the greatest American pillaging is the transfer of taxpayer funds into the bloated military, or a greed-driven private health care system that deprives human beings of essential medical care. Show More Summary

Paul Ryan just wants all that Charlottesville stuff to go away

19 hours agoUS Politics / Liberal : Daily Kos

House Speaker Paul Ryan says popular vote loser Donald Trump "messed up" by calling white supremacists "very fine people," but he's ready to move on to the stuff that matters, like tax cuts. He's not going to be supporting a move toShow More Summary

The U.S. Needs Tax Reform, Not Tax Cuts

Reform is about fairness, efficiency, and simplicity — and it should be bipartisan.

GOP Lawmakers Make Strides on Tax Plan

Politico: “There is broad consensus, according to five sources familiar with the behind-the-scenes talks, on some of the best ways to pay for cutting both the individual and corporate tax rates.” “The options include capping the mortgage interest deduction for [...]

Kalamazoo votes to incorporate Foundation for Excellence

The Kalamazoo, Michigan City Commission has voted to create a foundation to replace a portion of its budget, retain a cut to its property tax and fund programs addressing poverty. … Click to Continue »

Trump plans major tax cut for the rich but Americans want the exact opposite

President Trump’s plans to give a massive tax break to the rich but a polling shows that an overwhelming majority of Americans favor raising taxes on the wealthy. The disconnect could complicate Republican efforts to pass tax legislation this year. “As progressives strategize for the tax fight coming this fall, they open the debate with […]

A Unified Theory of Some of the Misconceptions in the Tax Reform Debate

I. Last week, The Hill published an article titled, “GOP debates retroactive tax cuts.” The article describes how some Republicans have been calling for a tax package that would reduce taxes on income that Americans have already earned, going back to the beginning of 2017: “We need to make it retroactive so that we unleash […]

N.Y. GOP boss says tax cuts needed or Republicans are doomed

2 days agoNews : NY Daily News

State GOP Chairman Ed Cox called enactment of a tax cut plan by the end of the year “make or break” for President Trump and the Republicans.

Republicans want to stop talking about white supremacists so they can cut taxes for rich people

The White House has had a tumultuous few weeks. As CNN noted on Friday, in the last four weeks alone, President Trump has fired chief strategist Steve Bannon, fired Chief of Staff Reince Priebus, hired and fired communications director Anthony Scaramucci, publicly shamed his own attorney general and Republican Senate Majority Leader Mitch McConnell, banned […]

Paying for Trump’s Tax Cuts Would Devastate the Poor

In this Jan. 28, 2016 photo, Joe Heflin, left, of Jefferson City, waits with others for his turn to receive free groceries from the Samaritan Center food pantry in Jefferson City, Mo. Heflin, 33, also receives federally funded food stamp...Show More Summary

Some Democrats See Tax Overhaul as a Path to Taxing Carbon

5 days agoNews : NYTimes: News

Two Senate Democrats are advocating a carbon tax plan that would cut the corporate tax rate as well as greenhouse gas emissions.

Europe’s economic recovery is accelerating

5 days agoNews : Daily Chart

Many expected the economic story of 2017 to be a boom in American growth, ignited by Donald Trump’s agenda of tax cuts, deregulation and infrastructure spending. Yet Europe is the region that has outperformed.

Children of the 1% are 77 times more likely to attend an Ivy League school than poor Americans

Donald Trump is pushing ahead with his plan for cutting taxes on corporations and wealthy Americans. But a new paper published by the National Bureau for Economic Research suggests America’s rich don’t particularly need the help. The...Show More Summary

Paying for Tax Cuts

Policy makers often act like tax cuts are free lunches that can make everyone better off. But over the long run, tax cuts must be...

Dollar bearish bets highest since May 2014

``Gone is the enthusiasm to what a Donald Trump presidency could bring, replaced by growing concern that he'll be unable to deliver on his pre-election promises to cut taxes and boost infrastructure spending, two pillars that helped to power the US dollar, bond yields and rate hike expectations higher in late 2016...'' -- It's just Trump helping to bring manufacturing back...

Norway PM doubles down on tax cuts in bid for second term

ARENDAL, Norway (Reuters) - With four weeks to go before an election that is too close to call, Norway's Conservative Prime Minister Erna Solberg pledged on Monday to cut taxes to boost growth and job creation if she was reelected.

Finland's co-ruling nationalists seek fresh start after party break-up

HELSINKI (Reuters) - A splinter group of nationalists who remained in Finland's ruling coalition after their party broke up called on Monday for big tax cuts for the middle class in a bid to improve their dismal standing in the poll...

Tax Reform Could Be Even Harder Than Health Care

Politico: “Insiders and tax experts say rewriting the tax code will be just as difficult as health care — maybe even more so. While every Republican loves a tax cut, the GOP is divided over how -— or even whether [...]

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