I wrote a bit on what real tax reform would look like for yesterday’s WaPo, and the NYT editorial board followed up w/ a similar piece today. Both pieces make an important distinction between tax cuts and tax reform. The definition of the former is obvious, and in R’s hands, tends to be regressive cuts… Read more
Archive for the ‘Tax Policy’ Category
One more point about the KS legislature’s KO (Kansas Override) of supply-side tax cuts
I’ve been citing the KO–the Kansas legislature’s override of Gov. Brownback’s veto, thus pulling the plug on the state’s failed experiment with supply-side tax cuts–ever since I heard about it, as have many others. The story raises welcome hopes that moderate R’s might be waking up to the fiscal reality that many constituents value public goods… Read more
KS legislature for the win!
Really happy to see the Kansas legislature reject the predictably failed supply-side tax cut “experiment” that’s been whacking the state’s coffers since 2012. Over at WaPo but one extra note here. I’ve heard some supporters of the cuts–and there are surprisingly few, which I consider another gain for humanity–argue: “But KS is adding jobs; GDP… Read more
Reax to NYT oped
I’ve got an oped in this AM’s NYT on four big ideas that I see Democrats, and not just traditional progressives, but also centrists, converging around. –a universal child allowance; –a $15 minimum wage; –a large expansion of the EITC; –direct job creation. Here are some responses and pushbacks. Much of what folks raised are… Read more
Odds and ends: taxes, Kansas, GDP, residual seasonality…
Just a few links folks might find worth perusing. First, a few thoughts about President Trump’s tax “plan:” –I don’t think it makes sense to discuss corporate or business taxation anymore without including pass-through businesses, which comprise most businesses and about half of business income. And Trump’s plan opens up a fat, new loophole in… Read more