March 9, 2012
January 26, 2012
The Trickle-Down Economics Lie In One Chart
The chart below displays (in green and red) the percent change in Real Gross Domestic Product (Real GDP) and displays (in orange) the top marginal earned income tax rate for each year from 1947 to 2010.
October 30, 2011
Poor Not Taxed Enough According to GOP
October 20, 2011
Simplify the Tax Code? Yes – Flat Tax? Hell No
September 2, 2011
GOP Disdain for Americans Who Don’t Pay Income Taxes
There is a growing chorus of Republicans singing the same tune about a recent report that 46% of Americans pay no federal incomes taxes. The voices include Michele Bachmann, Jon Huntsman and Rick Perry to name the most prominent. I posit that the reason they point to this statistic is to offer further proof towards a longstanding conservative narrative that there are people in this country getting a free ride. That these people are the freeloaders that are taking advantage of the “productive class” in this country.
March 11, 2011
Why Are Tax Increases Not An Option?
To hear some people talk it seems like there’s always a good reason why taxes can’t be increased at any given time. Bring up the subject, there is sure to be a rebuttal proclaiming tax increases would harm the economy, etc. It wasn’t always this way. But right now we have a very vocal minority in this country that has been really good at pandering to all of us. Nobody wants their taxes increased so it’s a very easy position to take as a politician. But this position also lacks vision and leadership. It’s utterly arbitrary to say tax increases can never happen or that tax cuts are always a good thing. It requires no proof of the claim because the politician who says such things knows it’s a winning position with the public. I say somebody needs to grow a backbone and show some leadership even if it means potentially jeopardizing re-election. Somebody has to stand up and be the adult in the room.