House Democrats promise to handcuff their own agenda. …by resurrecting the “pay-go” rule that mandates all new spending is offset with budget cuts or tax increases. Along the way, she is playing … Continue reading Nancy Pelosi Promises That Democrats Will Handcuff the Democratic Agenda If They Retake the House
We need to talk about taxation. I do not think it means what you think it means. In countries whose governments issue their own currencies, taxes do not pay for federal services. Governments like those of the US, UK, China, Australia, Canada, etc run spend & tax economies, not tax and spend. … Continue reading What are taxes actually for? – Claire Connelly
The tax cuts were supposed to allow corporations to raise wages. Instead they used the money to buy back their own stock (helping the rich stockholders) and wages have gone down. Source: … Continue reading Trump’s Tax Cut Hasn’t Done Anything for Workers
The Republican tax bill is an abomination. It gives hundreds of billions of dollars in tax breaks over the next decade to the country’s richest people. The Trump family alone stands to … Continue reading Can We Cut the Crap on the Debt from the Tax Bill Hurting Our Kids? That’s the wrong argument.
Do we really need corporate taxation? This paper looks into it. Source: Corporate Taxation in a Modern Monetary Economy: Legal History, Theory, Prospects – Binzagr Institute for Sustainable Prosperity Continue reading Corporate Taxation in a Modern Monetary Economy: Legal History, Theory, Prospects – Binzagr Institute for Sustainable Prosperity
The White House’s estimate of gains for the average American family rests on a lot of assumptions and is disputed by economists on the right and left alike. It might just have … Continue reading Why The GOP Tax Plan May Not Generate A $4,000 ‘Raise’ For American Families
A company co-owned by quirky billionaire Robert Mercer provided Donald Trump’s presidential campaign with personal data on millions of American voters. Now with Trump in the Oval Office, Mercer is loaded with connections to the new administration as his hedge funds fights the IRS over a $7 billion demand for back taxes. … Continue reading Mercer’s White House connections hang over IRS’ attempts to collect $7 billion from his hedge fund
A stealthy pet project by the former Microsoft chief lets you search and learn about how the government spends tax dollars. Interesting how it all came about as well… through Belmer’s belief … Continue reading Steve Ballmer Serves Up a Fascinating Data Trove
Revealing two less than revelatory leaked pages from Trump’s 2005 1040 Form, the MSNBC host admits, “It’s a start.” Big run up to a big “meh”… Source: Critic’s Notebook: Rachel Maddow Tortures … Continue reading Rachel Maddow Tortures Audience, Then Reveals Donald Trump, Gasp, Paid Some Taxes
Sugar Land recently installed two bronze sculptures in the Town Square’s public plaza, but instead of enjoying them, people are criticizing the city. Hah! Instead of complaining about something important, people are … Continue reading City of Sugar Land criticized for newly erected statue
“And the numbers were not trivial. In 1926, in New York City, 1,200 were sickened by poisonous alcohol; 400 died. The following year, deaths climbed to 700. These numbers were repeated in … Continue reading The little-told story of how the U.S. government poisoned alcohol during Prohibition.
While we all happily pay our hard earned dollars to the Federal Government today I came upon this great article Tweeted by Economist @stephaniekelton this morning from January 1946: … Continue reading On Tax Day, remember the Federal Gov’t DOES NOT need to tax for revenue