There are many ways to describe the GOP policy of running up the debt and then using it to justify draconian cuts in public spending. Bruce Bartlett called the Two-Santa Theory. I prefer a more direct and honest description: Burning down the country to collect the insurance money.
“Yet even as he tried to explain in a pair of Twitter posts that showing “losses for tax purposes” was considered a “sport” among real estate developers like himself, the president also said The Times’s account was “a highly inaccurate Fake News hit job!”” His defense is that he is a tax cheat. He is… Continue reading Trump Defends $1.17 Billion in Losses as Just for ‘Tax Purposes’
“The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.” From: nytimes.com I’m not a lawyer and do not have any special information… Continue reading Billion in losses or a decade of felony tax fraud?
Conservative proponents of supply-side tax cuts remain stuck in the 1980s. Tax cuts worked then, so tax cuts will work again to stimulate growth. That syllogism defies logic, given how the economy and workforce have changed in 37 years since the first Reagan tax cut. via Repetitively cutting taxes for the rich isn’t the answer
Jefferson on taxes.
The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory for Republicans and the White House. via How New Yorkers Would Lose Under the Republican Tax Bill
On Thursday morning, The New York Times revealed that Steven Mnuchin, the Treasury secretary, has been lying for months about Republican tax plans. via Republicans’ Tax Lies Show the Rot Spreads Wide and Runs Deep