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Tag Archives: Bush tax cuts
Twenty Thoughts on the Fiscal Cliff
Some random thoughts on the “fiscal cliff”: 1. Something is wrong when the top 1% owns 42% of the wealth. No group is that smart, works that hard or has taken that much risk to enjoy 42% of American wealth. … Continue reading
Posted in Uncategorized
Tagged budget, Bush tax cuts, debt, deficit-reduction, economic growth, economy, fiscal cliff, fiscal policy, marginal tax rates, sequestration
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The Economic Effect of Letting Bush Tax Breaks for the Wealthy Expire
One of the most contentious issues facing the nation is developing a plan to avoid going over the fiscal cliff. Obama desires to let all of the Bush tax cuts expire except for those who make more than $250,000 a … Continue reading
Posted in Economy, Government, Income Distribution, Inequality, Socio-economic Status, Taxes, Wealth
Tagged budget, Bush tax cuts, debt, deficit-reduction, economic growth, economy, employment, fiscal cliff, fiscal policy, GDP, income distribution, inequality, job creation, jobs, marginal tax rates, monetary policy, Reagan, regressive tax cuts, sequestration, socio-economic status, supply side, tax cuts, tax deductions, trickle-down, trickle-down economics
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The Des Moines Register’s Endorsement of Romney Doesn’t Conform to the Facts
The Des Moines Register’s endorsement of Governor Romney is based on the view that the candidate will improve the economy, create new jobs and reduce the deficit. The endorsement also has great expectations for Romney’s ability to bring Democrats and … Continue reading
Posted in Economy, Elections, Government, Income Distribution, Inequality, Presidential Leadership, Taxes
Tagged bipartisanship, budget, Bush tax cuts, debt, deficit-reduction, Des Moines Register, economic growth, economy, elections, endorsement, inequality, job creation, jobs, marginal tax rates, math, monetary policy, Reagan, regressive tax cuts, Romney, Ryan, supply side, tax cuts, tax deductions, trickle-down, trickle-down economics
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The Definitive Timeline Of Romney’s Ever-Evolving Tax Plan
The following is a timeline description of Governor Romney’s changing positions on his tax proposal. It should be noted this comes from a liberal blog, ThinkProgress. Nonetheless, I have randomly fact-checked many of the statements and found supportive documentation. Via … Continue reading
Posted in Economy, Elections, Government, Income Distribution, Presidential Leadership, Socio-economic Status, Taxes
Tagged bonds, Bush tax cuts, capital gains, changing positions, corporate tax cuts, deductions, deficit, economic growth, GDP growth, marginal tax rates, middle class, mortgages, Romney, socio-economic status, tax loopholes, tax plan, top 1 percent
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Extending Bush Tax Cuts: Obama vs GOP Tax Plans
Citizens for Tax Justice provides the following summary of the average effects of extending the Bush tax cuts for various income groups, according to President Obama and Congressional Republican plans According to the Citizens for Tax Justice, “Under the Congressional Republican … Continue reading
Economic Impact of Falling Off the Fiscal Cliff
Researchers at The Century Foundation have examined various GDP and job creation outcomes of implementing spending cuts and ending Bush tax cuts, the so-called “fiscal cliff,” scheduled to begin in January 2013. This paper finds (quoting at length): The single … Continue reading
Posted in Economy, Government, Taxes
Tagged Bush tax cuts, fiscal policy, GDP, jobs, sequestration, spending cuts
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Yes, Mrs. Calabash, Redistribution is Occurring: From the Bottom Up
Redistribution is now coming to the forefront of the political debate. Conventional wisdom suggests that redistribution is from the top income groups to the lower income groups. Yes, there’s data to support that claim, but there’s also evidence to suggest … Continue reading
Republicans on the Ineffectiveness of the Bush Tax Cuts
The Republican platform calls for expansion of tax cuts. This strategy, known as supply-side economics or trickle-down economics, was utilized in the Bush administration. I have several posts on the ineffectiveness of this policy option to improve economic growth, see … Continue reading
Ending High-Income Tax Cuts Would Save Almost $1 Trillion
Economist View reports: ‘Ending High-Income Tax Cuts Would Save Almost $1 Trillion’ If we had nearly a trillion in additional tax revenue over the next ten years, it would help the budget picture quite a bit: CBO: Ending High-Income Tax … Continue reading
The Untold Story of Big Deficits: Where’s the Revenue?
Spending in Washington gets a lot of attention in the media (rightfully so), but revenue trends receive much less attention. This infographic provides some balance. Source: National Priorities Project Special thanks to Patrick Kennedy for drawing my attention to this … Continue reading
Posted in Economy, Government, Taxes
Tagged Bush tax cuts, corporate taxes, corporations, debt, deficit, economy, government, loopholes, revenue, spending, taxes
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