Similar pieces wherein I’m trying to work out some of the longer term implications of what’s happening with tax policy, the debt, and the forthcoming attack on spending programs that, you know, actually help some people. Over at WaPo and TAP. I’ve not forgotten that there’s much else going on. I’ve got forthcoming pieces on… Read more
Over at WaPo. Most of the numbers on showing whose taxes go up under this plan focus on years from now, when it’s fully phased in. For example, by 2027, 70% of households with incomes below $200K (that’s about 150 million) either face tax increases or not much change at all. But as I show… Read more
I don’t think I’ve ever written a post about a tweet storm, but the series of tweets pasted in below struck me as so resonant and important that I wanted to elevate it. They’re from of Danica Roem, a Prince William County (PWC) Democrat who was recently elected to the Virginia House of Representatives. The… Read more
Over at WaPo. Who knows what comes out or stays in if they get to the next stage of reconciling the House and Senate bills. But my sources tell me the mandate-repeal likely to stay in final package. Which makes a really bad plan even worse.
Tweet here. Both series indexed to 100 in Jan, 2010, so lines show percent change relative to that date. S&P 500 index is adjusted for inflation and dividend yields. “Paycheck” is the real weekly earnings of the 80% of the workforce that are blue-collar workers in manufacturing and non-managers in services. Thanks to the tight… Read more