Taxation
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FNB’s Shameful Public Purse Raid
“That big bankers and their government toadies continue to play the public for suckers is abhorrent. That’s especially true as, on one hand, they tout all the ‘public benefits’ of their projects as their other hand turns out taxpayer pockets.” ~ Colin McNickle
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President Biden Is the Latest to Promote the Fib That Corporations Pay No Taxes
“So long as the tax code penalizes work and investment, corporate taxes will be enormously high. Call them what they are: taxes on individual earnings that harm the individual, and that by extension harm the corporations that operate within what we call an ‘economy.'” ~ John Tamny
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SALT Deductibility, Hypocrisy and Good Government
“SALT deductibility suffers from several policy disabilities. If state and local governments benefit their citizens, they offer them more valuable services than costs, so no deductibility is warranted.” ~ Gary M. Galles
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What Is Tax Fairness?
“I suspect that, in a prosperous and growing economy, questions of ‘fairness’ will lose much of their political cachet and recede to the academic lounges where they belong.” ~ Theodore A. Gebhard
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You Are Not Paying a Higher Relevant Tax Rate Than Billionaires
“Allegations that higher income earners don’t pay their ‘fair share’ of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica’s latest effort is just one more of a long line of such analytical abuses, whose details have varied over…
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Go East, Young Man.
“What matters now is whether California will do anything at all to make it a more palatable possibility for people who would be inclined to live there. If not, we’ll see continued erosion of the tax base, as it is only people who pay taxes who are inclined to leave, and a smaller congressional contingent…
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Setting the Table for Covid-X
“Covid-19 struck a robust, arguably healthy economy; a less productive, more heavily-indebted, higher tax economy awaits Covid-X.” ~ Peter C. Earle
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Arthur Okun, Class Warfare, Redistribution, and Income Growth
“The low-income worker is a net beneficiary of bigger government for about 10 years. But as time goes on, the worker would be far better off with smaller government and faster growth. Different assumptions will lead to different results, of course. My goal is simply to help readers understand two things: bigger government leads to…
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Biden’s Infrastructure Boondoggle
“The immediate lesson from all of this is that Biden’s plan is a boondoggle waiting to happen (just as would have been the case with Trump). The longer-term lesson is that we should get the federal government out of the business of infrastructure.” ~ Daniel J. Mitchell
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Janet Yellen Is Serious, and That’s Really Sad
“Yellen plainly feels individual U.S. tax rates aren’t high enough, so she seeks global tax harmonization on the corporate level in order to get another swipe at individuals. On their own, Yellen’s desires rate ridicule. As evidenced by the trillions Treasury collects every year from taxpayers in order to fund a government with powers ‘few…
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Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”
“It goes without saying that if politicians are able to create a tax cartel, it will merely be a matter of time before they ratchet up the tax rate. Simply stated, they won’t have to worry about an exodus of jobs and investment because all countries will be obliged to have the same bad approach.”…
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Edward Stringham on Biden’s Proposed Tax Hikes (Video)
AIER President Edward Stringham joins Fox Business Kennedy to discuss the repercussions of the president’s intentions to raise taxes.
