#taxes

Apr 11, 2022
2 min

Republican Governance has Turned Mississippi into a Third World Nation & They Just Doubled Down

This week Mississippi's Republican Gov. Tate Reeves signed legislation to reduce the state income tax over four years, beginning in 2023. Even before the cuts, Mississippi had a relatively low income tax rate and struggled to provide its citizens with even minimal public services. It's one of the poorest states in the nation with decrepit infrastructure, struggling rural hospitals, and perpetually underfunded schools. It's about as close as you can get to the third world with

Mar 19, 2021
3 min

Reverse Part of Trump's Corporate Tax Cut to Pay for Revitalizing America's Infrastructure

Economists from across the political spectrum agree that America needs to repair and upgrade its crumbling infrastructure in order to expedite our rebound from the pandemic, address red state economic decline, and remain the world's dominant economy in the 21st century. The Biden administration has a plan to address infrastructure and it should be a top priority for Congress. Brookings.edu: "The Biden administration recognizes the potential for a well-designed, large-scale fe

Dec 20, 2020
11 min

The History of Taxation & Tax Policy in America

Taxes have been around since the beginning of recorded history. The earliest known tax was implemented in the ancient city-state of Lagash in what is now Iraq about 6000 BC. In ancient Egypt residents paid their taxes with grain and livestock. Taxes are a natural consequence of complex social structures with the need for roads, bridges, water & sewage systems, police, social services, and a military to keep the people safe from neighboring communities. Taxation is the price w

Dec 17, 2020
3 min

New Study: 50 Years of "Trickle Down" Tax Cuts Didn't Help Workers & Made Inequality Worse

"Trickle Down Economics" is the basis of modern conservative economic theory. Since the presidency of Ronald Reagan, adherents have argued that if you give tax breaks to businesses and the rich, the benefits will eventually trickle down to everyone else. It's been the underlying rationale for decades of tax cuts that have enriched America's wealthiest individuals. The problem is that it doesn't work; it's as effective as the latest diet regimen you saw on television. Trickle-

Jan 1, 2020
10 min

10 Issues and Trends that Will Define America's Public Policy Debate in the 2020s

Predicting the future is fraught with difficulties, and it's especially hard today because the pace of innovation is at an all-time high and new technologies have a broader impact on our culture and public policy than at any time in history. However, there are demographic, social and political trends that are a bit easier to predict with some precision and they will have a substantial impact on America in the 2020s [20s]. Moreover, there are also some long-term public policy

Dec 11, 2019
2 min

Mick Mulvaney Promises More Trickle-Down Economics & Corporate Tax Cuts If Trump is Reelected

The President and Republicans in Congress reduced corporate tax rates to 21% from 35% in 2017. Speaking at a CEO forum sponsored by the Wall Street Journal yesterday, Acting White House Chief of Staff Mick Mulvaney said that if reelected in 2020, Donald Trump would seek further tax cuts for big business. Mulvaney, Market Watch: "The president would love to see further refinements to tax policy. He was always disappointed we couldn’t get that corporate tax rate down just a li

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