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Tax Cuts

Taxing the Rich Was a Pillar of Our Modern Society

Cody Cain | Posted 08.13.2015 | Politics
Cody Cain

So here we are today, plagued by severe income inequality throughout our society. But it wasn't always like this. In fact, for just about our entire modern history, our society required the wealthy to contribute their fair share of taxes.

Bobby Jindal Becomes 13th GOP Candidate

Chris Weigant | Posted 06.24.2015 | Politics
Chris Weigant

But Jindal's time might have passed -- if it ever even existed. He's not as fresh a face on the political scene as he once was.

Despite Water and Climate Controversies and Urgings for Tax Hikes and Tax Cuts, Jerry Brown Scores High in New Polling

William Bradley | Posted 05.29.2015 | Politics
William Bradley

The big drought has Californians worried. There are major controversies over Governor Jerry Brown's order to cut water consumption by 25 percent, not to mention some furious to-and-froing on climate change and demands for tax hikes and tax cuts.

Corporate Welfare Fails to Deliver the Jobs: The Sad Case of Start-Up NY

Lawrence Wittner | Posted 05.28.2015 | New York
Lawrence Wittner

For several decades, state and local governments have been showering private businesses with tax breaks and direct subsidies based on the theory that this practice fosters economic development and, therefore, job growth. But does it?

Those Gruelling U.S. Tax Rates: A Global Perspective

Steve H. Hanke | Posted 05.04.2015 | World
Steve H. Hanke

The Tax Foundation released its inaugural "International Tax Competitiveness Index" (ITCI) on September 15th, 2014. The United States was ranked an abysmal 32nd out of the 34 OECD member countries for the year 2014.

Taxes and Your Wallet

Mike Smith | Posted 06.17.2015 | Money
Mike Smith

Taxes and Your Wallet

Bonanza for the Super Rich: The Fund Managers' Tax Break

Dean Baker | Posted 06.13.2015 | Business
Dean Baker

The reason most of us have seen little gain from economic growth over the last three decades is that the rich have rigged the rules to ensure that money flows upward. Through their control of trade policy, Federal Reserve Board policy, and other key levers of government, they have structured the market to weaken the bargaining power of ordinary workers and benefit the CEOs and Wall Street crew. As a result, the typical worker has seen almost none of the gains from economic growth over the last four decades. Most of this rigging comes in before-tax income.

Will 2014 Be a Holiday for Tax Cheats?

Scott Lilly | Posted 06.13.2015 | Politics
Scott Lilly

A government agency with a salary structure that makes it nearly impossible to compete against the best legal and accounting firms in the country in the best of times is being forced to fire staff, furlough its remaining employees and subject those who remain to ever-increasing workloads while at the same time the complexity of that workload is increasing exponentially.

Michael McAuliff

Republicans Admit To Guessing On The Budget

HuffingtonPost.com | Michael McAuliff | Posted 03.17.2015 | Politics

WASHINGTON -- The new Republican budget unveiled Tuesday not only dramatically cuts health care, anti-hunger programs and most other non-military spen...

Michael McAuliff

Democrats Roll Out 'Middle-Class' Tax Agenda To Compete With GOP

HuffingtonPost.com | Michael McAuliff | Posted 03.04.2015 | Politics

WASHINGTON -- Democrats on Wednesday fired their own salvo in Capitol Hill's ongoing tax cut battles, offering a slew of breaks that would primarily h...

Tax Cuts Are Palliatives, Not Cures

Jared Bernstein | Posted 04.26.2015 | Politics
Jared Bernstein

I don't think you need a crystal ball to predict that whoever runs for president in 2016 will have some sort of tax cut at the heart of their platform, probably targeted at the middle class, and I'm talking both Democrats and Republicans.

Will Chris Christie Play to National GOP by Tying Tax Cut for the Wealthy to Road Fixes?

Gordon MacInnes | Posted 04.20.2015 | Politics
Gordon MacInnes

Fixing the state's transportation mess is crucial. And there's no alternative but to find significant, stable funding to do so. Nor should the politics of Gov. Christie possibly seeking his party's presidential nomination trump responding to New Jersey's emergency.

Michael McAuliff

House Begins Passing Series of Deficit-Hiking Tax Cuts

HuffingtonPost.com | Michael McAuliff | Posted 02.13.2015 | Politics

WASHINGTON -- One of the few bipartisan goals that President Barack Obama and Republicans agree on is comprehensive reform of the tax system, but Demo...

Good Deflation: A 'Tax Cut' for Working Families

Robert Rosenkranz | Posted 04.05.2015 | Business
Robert Rosenkranz

The conventional wisdom, embraced by the Fed and by most economic commentators, is that deflation is bad. But is there an exception when "deflation" is triggered by a dramatic decline in the price of oil?

Dazed and Dizzy, the Republican Majority Stumbles

Fernando Espuelas | Posted 03.27.2015 | Politics
Fernando Espuelas

The narrative goes something like this: We won the election, Republicans say, so Obama should now follow our lead. Of course, the problem with this line of thinking is that the president won two decisive victories in 2008 and 2012, and Republicans unleashed a wave of nothing.

Home-Field Advantage

Chris Weigant | Posted 03.23.2015 | Politics
Chris Weigant

While President Obama's "middle class economics" speech last night certainly laid down a few markers for Democrats in 2016 and beyond, the real reason it now seems Democrats will be playing on familiar turf comes from Republicans.

People of Faith Have Reason to Support President's State of the Union Proposals

Rev. Dr. Chuck Currie | Posted 03.22.2015 | Religion
Rev. Dr. Chuck Currie

Tonight after watching President Obama's State of the Union Address and speaking today with White House officials about the proposals the president is making, I can report without hesitation that the president has put forward a domestic agenda people of faith concerned about families, poverty and education can support.

Budget Shortfalls Could Stop Republican Governors From Keeping Big Promises

Pew's Stateline | Elaine S. Povich | Posted 01.14.2015 | Politics

This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily repo...

Legislating, Circa 2014

Rep. Alan Grayson | Posted 02.28.2015 | Politics
Rep. Alan Grayson

Look, I'm not asking you to like it. As John Godfrey Saxe said, "Laws, like sausages, cease to inspire respect in proportion as we know how they are made."

Your Grayson Christmas Gifts Are on Their Way

Rep. Alan Grayson | Posted 02.24.2015 | Politics
Rep. Alan Grayson

You may wonder how a second-term Congressman, in the minority party, who does not sit on the tax-writing House Ways and Means Committee, managed to get nine different tax breaks passed in a single year. Good question. I'll answer that next time.

Ben Walsh

Study Debunks Major Argument In Favor Of Corporate Tax Breaks

HuffingtonPost.com | Ben Walsh | Posted 12.22.2014 | Business

The most popular argument for cutting corporate taxes -- that it helps create jobs -- doesn’t seem to be true.

Republicans Just Don't Get It

Harlan Green | Posted 01.21.2015 | Business
Harlan Green

There is a reason why it has taken so long to emerge from the Great Recession. And the Republican leaders of the House and Senate with their new majorities exemplify why we have barely emerged from it.

A Tax System That Works for Donald Trump (and Nobody Else)

Duncan Hosie | Posted 01.17.2015 | Politics
Duncan Hosie

Conservatives claim Mayor de Blasio wants to redistribute income. Yet unregulated market forces are already redistributing income in New York, as wealth trickles up from the middle and working class to the rich.

What You Need to Know About the Tax Extenders Up for a Vote

Lisa Greene-Lewis, CPA | Posted 12.15.2014 | Money
Lisa Greene-Lewis, CPA

Now that summer is officially over and the fall season has arrived, most of us are looking ahead to cooler weather, the holiday season and spending time with family. But there's one thing many of us may not be thinking about but should be: taxes.

A Brief History of America's Attitude Toward Taxes

Roger Martin | Posted 12.03.2014 | Business
Roger Martin

The changing attitudes toward and laws around income taxes has been a major driver of the rise of America's modern talent-based, knowledge economy.