Archives
Categories
-
Recent Posts
- The Economist Says Europe’s Leaders are Sleepwalking through an Economic Wasteland
- How to Save Billions in Medicare: Allow Medicare to Negotiate Drug Prices with Big Pharma
- Medicare Advantage Plans Cost Medicare an Extra $34.1 Billion in 2012
- Do Extended Unemployment Benefits Lengthen Unemployment Spells?
- Federal Reserve Bank of New York: Snapshot of Student Indebtedness
Pages
Tag Archives: regressive tax cuts
Ryan’s Latest Radical and Mathematically Impossible Budget Proposal
I’ve been reluctant to give Paul Ryan’s new budget proposal any mention as his proposal is so awfully mathematically flawed that it’s difficult to take the proposal seriously. Nevertheless, Ryan was a vice presidential candidate so it’s difficult to ignore … Continue reading
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
Leave a comment
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
4 Comments
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
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
Congressman Ryan is No Deficit Hawk
Conventional wisdom suggests Paul Ryan is a deficit hawk. Two analyses suggest otherwise. I. Ryan’s Votes in Congress Added $6.8 trillion to Our Nation’s Federal Deficits The Center for American Progress documents 65 separate pieces of deficit- and debt-increasing legislation that … Continue reading
Tax Consequences of Herman Cain’s 9-9-9 Plan
This graph from the Urban Institute tells you what you need to know:
Posted in Economy, Inequality, Taxes
Tagged 9-9-9 plan, Cain, economy, inequality, redistribution, regressive tax cuts, taxes
Leave a comment
The Effect of Tax Cuts on Income Distribution
It can be argued that inequality in income distribution results from many factors: hard work, risk-taking, return on investments, discrimination, inequality of conditions (i.e., birth in a high (low) socio-economic group), educational attainment, place on the Kuznet curve, and to … Continue reading