I’ll be brief because I’m on vacation this week in an undisclosed location, but the hotel has solid wifi and the family’s still snoozing away, so let’s quickly talk a bit of fiscal impulse (FI). The discussion starts with ‘G’ in the GDP identity: Cons+Inv+Gov’t+Net Exports. An increase in G raises GDP, all else equal,… Read more
Archive for the ‘Tax Policy’ Category
Kansas and the myth of trickle-down tax cuts
I know, you’re busy wrapping presents and such, but allow me to intrude for a brief second to make sure you saw this WSJ piece about the ongoing supply-side tax cut experiment in Kansas. This is important not just because it’s a microcosm of the Trump tax plan, designed, in fact, by some of the… Read more
A lot of Trump voters will be hurt by a lot of Trump’s policies
Over at WaPo on jobs and tax cuts. And here’s a new CBPP piece showing who, by income class, benefits from repealing Obamacare. Republican plans to repeal the Affordable Care Act (ACA) would provide large, lopsided tax cuts to households with annual incomes over $1 million, just-released data from the Urban-Brookings Tax Policy Center (TPC)… Read more
Taxes and trade (and an unfortunate Trump pick for Labor Sec’y)
Over at the WaPo: Crazy, I know, but let’s not do another big, wasteful, regressive tax cut. In a similar vein, tax expenditures–credits, exemptions, deductions–are how we spend through the tax code. It’s a pretty hot mess and it’s likely to get hotter in the age of Trump. Over at TAP. [While you’re over at… Read more
Much needed comic relief, even more needed inspiration, and…corporate tax inversions.
This totally cracked me up…pretty brilliant video work, I thought. Next, this is just a beautiful story, beautifully told, of a business student at Georgetown U breaking through the barrier between himself and a janitor at the university. And it happened right here, in the shadow of our terribly divisive, mean-spirited politics. I read this… Read more