With the estate tax further weakened, is it time to pivot to an inheritance tax?
tax policy
Posted inMoney, Politics, and Power
The Tax Act Actually Promotes Off-Shore Tax Tricks
The Tax Act creates additional incentives to shift income offshore for purposes of tax avoidance, and what is worse, it creates incentives to shift actual jobs.
Posted inMoney, Politics, and Power
Massive Spending Cuts: The Tax Act’s Hidden Costs
Republicans rediscovered the peril of the enlarged deficit—as a pretext for gutting social spending.
Posted inMoney, Politics, and Power
Denying the Child Tax Credit to Undocumented Children
A little-noticed provision in the Republican tax reform will strip billions in tax benefits from an estimated one million mostly low-income undocumented children residing in the United States.
Posted inMoney, Politics, and Power
Principles for Tax Reform
The 2017 Tax Act not only harmed most Americans, but upstaged true, overdue reforms. Here are some key elements, as themes for both politics and policy.
Posted inMoney, Politics, and Power
How the Tax Act Undercuts Health-Care Reform
Ending the individual mandate will inflate premiums in the Obamacare marketplaces—especially for the middle class.
Posted inMoney, Politics, and Power
The Two Biggest Lies in Donald Trump’s Tax Plan
The tax plan was always going to be a huge giveaway to corporations. And the individual tax cuts were always heavily tilted to the top.
Posted inMoney, Politics, and Power
Why the Tax Act Will Not Boost Investment
Will lower corporate taxes generate an investment boom? The evidence suggests not.
Posted inMoney, Politics, and Power
How the Tax Act Embodies the Republican Culture of Corruption
The Tax Act is a Christmas tree of special-interest tax breaks. The only thing more corrupt than the substance was the way it was enacted.
Posted inMoney, Politics, and Power
Want to Expand the Economy? Tax the Rich!
If Democrats want to win big in November, they must do more than just renounce trickle-down economics. They need to replace it.