Taxes


Dave Johnson's picture

Congress' Priority: Tax Cuts For Rich. People's Priority: Not That

As the clock ticks down on tonite's expiration of extended unemployment benefits for the 9.6% of Americans who are officially unemployed, the coming end of school lunch and other child nutrition programs, and the possibility of doing more »

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Deepak Bhargava's picture

The Lame Direction of the Lame Duck

Nearly 2 million U.S. workers are facing premature elimination of federally-funded unemployment benefits if Congress doesn't act by November 30. Yet the talk dominating Washington, D.C. these days is about extending George Bush's tax giveaway to the rich. Really?

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Dave Johnson's picture

Did The Rich Cause The Deficit?

Washington is inundated with deficit commissions. The country has piled up a huge debt because we cut taxes for the wealthy and borrowed to make up the difference. more »

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Dave Johnson's picture

It's About Jobs, Not Deficits

What is the matter with people in Washington and New York? There is obviously a jobs emergency and they're talking about deficits -- and in the middle of a frenzy of worrying about deficits they are talking about cutting taxes for the rich! ?? more »

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Dave Johnson's picture

China's Goverment Helps Manufacturers, Economy Booms. Ours, Not So Much.

As an election strategy conservatives blocked or watered down everything they could that might help the economy, hoping voters would blame the President's party for job losses. Tomorrow we will learn if this strategy succeeded. But Wednesday can we start doing things to help the economy and the country again? Please? more »

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Dave Johnson's picture

The Conservative Pledge To Encourage Big Companies To Send Jobs Away

Did you know that almost every conservative politician in the country has signed a pledge to encourage big multinational corporations to keep sending jobs out of the country? more »

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Dave Johnson's picture

How Tax Cuts For The Rich Made Corporations Predatory

America used to have a top tax rate of around 90%. This meant that after a person earned a lot of money in a year, additional income beyond that amount was taxed at the higher rate. Back then government worked a lot better. more »

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Dave Johnson's picture

How Tax Brackets Work -- $250,001 Income Pays Five Cents More Tax

This discussion of whether to get rid of the Bush tax cuts for the rich has been a learning experience. I have been listening on the radio and reading the comments at blogs. The main thing I am concluding is that people just do not understand how tax brackets work. more »

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Dave Johnson's picture

Incredibly Obvious Things In Front Of Our Faces

Conservative economic policies just don't work and it's incredibly obvious right in front of our faces. Knowing that obvious things are right in front of our faces and knowing that conservatives really, really don't want us to see those things, it's instructive (and sometimes entertaining except for the tragic consequences) to watch how conservatives try to distract us. more »

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The Real Lesson From the Great Depression: Fiscal Policy Works!

ritholtz.com — The government hired about 60 per cent of the unemployed in public works and conservation projects that planted a billion trees, saved the whooping crane, modernized rural America, and built such diverse projects as the Cathedral of Learning in Pittsburgh, the Montana state capitol, much of the Chicago lakefront, New York’s Lincoln Tunnel and Triborough Bridge complex, the Tennessee Valley Authority and the aircraft carriers Enterprise and Yorktown.

It also built or renovated 2,500 hospitals, 45,000 schools, 13,000 parks and playgrounds, 7,800 bridges, 700,000 miles of roads, and a thousand airfields. And it employed 50,000 teachers, rebuilt the country’s entire rural school system, and hired 3,000 writers, musicians, sculptors and painters, including Willem de Kooning and Jackson Pollock. So much for the notion that government jobs are not “real jobs”, as we hear persistently from critics of the New Deal!

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