Premonition, or good sources?
Today i read a story in the New York Times that I was absolutely thrilled by, but politically it scared me a little. The article discusses the Obama administration weighing tax reform. The treasury department is supposedly looking at options to get rid of a number of deductions and lowering the marginal rates to split the difference and keep payments equal while broadening the tax | Read More »
Why Lower Tax Rates Will Help Tax Revenue Rebound
There has been a significant amount of hubbub over President Obama’s tax deal with Congressional Republicans. Democrats have argued that passing tax cuts for the rich is irresponsible “at a time when the deficit is at unacceptable levels.” I find it interesting that Democrats are in a position to talk about the deficit considering the stimulus and historic levels of spending. Beyond that, too much | Read More »
Who Wants to Tax a Millionaire?
Secretary of State Hillary Clinton recently told an audience at the Brookings Institute that she thinks, “The rich are not paying their fare share,” in taxes. She believes that, on account of the high unemployment rate, the rich should be contributing more, “whether its individual, corporate, or whatever taxation forms.” She went on to add that she was not speaking for the administration but rather | Read More »