The pledge or promise from corporations is to increase employment, raise wages, spend more on R&D and a “stimulate” the economy, i.e. economic growth. In […]
The nonpartisan Tax Policy Center puts REVENUE LOST from the Trump/Republican blueprint at $5.6 trillion over 20 years. Specifically, “we find they would reduce federal […]
A report from Committee for a Responsible Federal Budget said about 12 percent of taxpayers would face an average tax increase of roughly $1,800. This […]
“Why am I here?” Steven Cohn said in response to a question by the New York Times’Jeff Zeleny. “I am here just for this reason. Think […]
The 89-page Republican Senate Budget Committee legislative 2018 budget resolution text includes reconciliation instructions that allow the Senate Finance Committee to add up to $1.5 […]
65 YEARS OF TAX CUTS FOR THE RICH, NO EFFECTS ON ECONOMY “Top income tax rates have changed considerably since the end of World War […]
Trump/Republican bill would cut the rate on “pass through” income for “small businesses”. “…[T]wo-thirds of [pass-through] business income is reported by households making $292,000 or […]
Income – Expense = Taxable Income x Tax Rate. That’s not too complicated. What’s complicated is qualifying for the targeted tax credits, deductions, incentive and […]
A 0.2 percent tax on stock trades, and slightly lower taxes on bond and derivatives trades, would raise $120 billion in revenue per year according […]
“As any businessman who has actually run a business knows, higher business tax rates encourage higher investment and lower business tax rates encourage lower business […]
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