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economics Uncategorized

Kansas Republicans Finally Admit That Their Tax Cuts For The Wealthy Have Failed

We hoped they would just be a magic lantern and everybody would react to it. But, eh, it’s hard to get a company to uproot their business when they’re established and move to another place just because of this difference in tax policy. (via Kansas Republicans Finally Admit That Their Tax Cuts For The Wealthy […]

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economics Uncategorized

Tax cuts for middle, lower income Americans boost economy while tax breaks for the rich do little to help

Tax cuts for middle, lower income Americans boost economy while tax breaks for the rich do little to help Not a slam dunk but this reinforces other studies showing little to no growth due to capital gain tax cuts.

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economics Uncategorized

Tax Burden in U.S. Not as Heavy as It Looks, Report Says

Tax Burden in U.S. Not as Heavy as It Looks, Report Says We’ve been told repeatedly that the United States has the highest corporate tax rate in the developed world — 35 percent — which is higher than the nominal tax rates in places like Ireland (12.5 percent), Britain (21 percent) and the Netherlands (25 […]

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economics Uncategorized

How Tea Party tax cuts are turning Kansas into a smoking ruin

How Tea Party tax cuts are turning Kansas into a smoking ruin The state’s rainy-day fund is dwindling to zero. Month after month, revenue comes in even lower than fiscal officials’ most dire expectations. In the rest of the country, school budgets are finally beginning to recover from the toll of the last recession; in […]

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Charlatans, Cranks and Kansas

Charlatans, Cranks and Kansas the Kansas debacle shows that tax cuts don’t have magical powers, but we already knew that. The real lesson from Kansas is the enduring power of bad ideas, as long as those ideas serve the interests of the right people. People who want those tax cuts the most, care the least […]

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Taxation of carried interest: The loophole for hedge fund managers could end tomorrow.

Taxation of carried interest: The loophole for hedge fund managers could end tomorrow. the income of a hedge fund manager is taxed at only 20 percent, which is the highest long-range capital gains rate—even though the hedge fund manager is deriving income that’s as directly earned as the wages of a steelworker. This loophole will […]

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economics Uncategorized

Millionaire tax migration is a myth!

Millionaire tax migration is a myth! Those echoing Cuomo’s tax migration myth defend their argument by citing a decline in the number of New York millionaires from 2007 to 2009 after the state passed a tax surcharge. Yet, the real story is what Crain’s Business reports: “New York lost millionaires (between 2007 and 2009) primarily […]

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economics Uncategorized

State tax climate: Tax Foundation shows taxes don’t matter

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politics Uncategorized

Five 501(c)(4) Groups That Might Have Broken the Law

Five 501(c)(4) Groups That Might Have Broken the Law The GOP is upset the IRS is unfairly targeting fraud they approve of

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politics Uncategorized

Republicans are demanding ever deeper spending cuts, but they won’t detail with any meaningful specificity what those cuts should be, and they insist they can solve our revenue problem via eliminating loopholes and deductions, but they won’t detail with any meaningful specificity what those should be, either. By contrast, Dems have detailed their demands — […]