This has been a terrible few weeks for tax policy. Donald Trump declares himself “smart” for tax avoidance; leaked returns show him to have claimed almost a billion in losses, much of which stems from ways in which the code privileges those selling real estate, which he presumably has used to write off taxes owed… Read more
On taxes, Trump’s big operating losses provide a useful microcosm of how the tax system is rigged, if you can call an almost billion dollar claim against future tax liabilities in 1995 “micro.” On trade, here’s what a “smart, fair” agenda looks like to me.
Before the first presidential debate fades into the next news cycle, there are three economic points that bear revisiting: We need a new paradigm for trade policy. The outsider campaigns of Trump and Sanders, along with the realities of many people and communities hurt by globalization, have elevated international trade as a major issue in this… Read more
…and I’ll meet you at the (polling) station (the boomers will get this reference; you youngsters get off my lawn!). Over at WaPo, I tout a recent spate of CBPP papers that struck me as particularly germane re what we’re not talking about when we’re talking about birthers. That piece examines what IMHO are a… Read more
Imagine you live on a nice street with nice neighbors, but there’s a problem. Your teenage son recklessly speeds along the street, knocking down garbage cans and leaving skid marks on the well-kept lawns. The neighbors hold their tongues, expecting you to intervene and discipline the boy, at least insisting he obey the speed limits… Read more