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Don't Lower Taxes For Billionaires. Double Them.

Forget the "Buffett rule." It's not enough. What's more, "letting the Bush tax cuts expire for the rich" isn't enough either - although it might get us halfway there. As for that "Simpson Bowles" so-called "deficit reduction" plan: It's a hoax, another ploy to give...

Can We Get Tougher on Crime in the Suites?

Federal regulators have actually been cracking down somewhat lately on financial industry fraud. But the power-suited executives responsible for that fraud are still paying no personal price. What should we, as a society, be doing about all those reckless financial...

Loophole Kabuki: Schumer's Clever Strawman

As Atrios says, you've got to love the framing of this article: WASHINGTON — Senator Charles E. Schumer of New York, the Senate’s third-ranking Democrat, threw cold water Tuesday on what had been an emerging consensus for a bipartisan deficit- reduction plan — an...

The Fiscal Cliff Debate Borders on the Surreal

Originally posted at Capital Gains and Games. How ridiculous is the fiscal cliff debate? The answer is that it’s off-the-wall crazy. Consider the following. The tax increases and spending cuts that will go into effect as part of the fiscal cliff are the absolutely...

So DO Tax Cuts Create Jobs?

In Wednesday's debate Mitt Romney repeated his claim that cutting individual and corporate income taxes creates jobs. But when you look at what actually happened, the periods when we had the highest tax rates were the periods we had the greatest job and economic...

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