Last week saw an interesting and revealing dustup in the tax debate. President Trump’s economic council, headed by Kevin Hassett, released a piece claiming that the proposed corporate tax cut would immediately boost average household income by at least $4,000, a claim that was widely pilloried in the economics community. One of the authors of… Read more
Archive for the ‘Tax Policy’ Category
Two must read opeds on the Trump tax plan
There are a few must-read opeds out there today on the administration’s tax plan. I found this first one to be extremely resonant as it’s just a bucketful of common sense from an entrepreneur who lives in the real world, as opposed to the world of the DC tax cut debate, where, as former Treasury… Read more
Increasing wealth inequality, the ill-begotten tax plan, and some potentially good news!
Over at WaPo, including this section on the need to, as no less than Warren Buffett puts it, stop coddling the super-rich! “Stop coddling the super-rich!” That was the name of a Warren Buffett op-ed from a few years ago, and while I know this is a heavier lift for Rs — “coddling the rich” is analogous to… Read more
Once again, rather than write a decent plan, the administration attacks the scorekeepers. And this time their attack is particularly hypocritical.
There’s an argument increasingly being made by supporters of the Trump tax plan regarding the preliminary score of the plan by the nonpartisan Tax Policy Center. Critics of the TPC analysis maintain that the analysts should have waited until the full details of the plan had been made public before trying to determine its distributional… Read more
This unique, terrible, phony, fraught-with-lies moment in American politics
This will be brief, because a note about how the political debate is misleading isn’t exactly breaking news or even, admittedly, that interesting. So, I’d consider it a personal favor if you’ll allow me to vent for a moment. It’s just that the extent to which we’re being lied to right now seems, to me… Read more