I don’t know the details of the Republican tax cut scheduled to be released today, but it’s almost certain to be directed mainly to the rich and powerful.
It’s nuts to cut taxes with unemployment at 4.2% and the deficit and Debt so large relative to the economy as a whole.
It’s nuts to cut taxes when our long-decaying infrastructure is so badly in need of repair.
The way to juice the economy and create good jobs isn’t yet more tax breaks for the wealthy. It’s massive tax-payer-funded infrastructure renewal.
Yes: if there are revenue-neutral ways to reform the corporate tax code to make life simpler and provide less incentive to move jobs abroad, I’m all for them.
But the general thrust of Republican tax “reform” is always to lower taxes for the best off — directly as individuals and indirectly as corporate shareholders — which will not create good new jobs or juice the economy or fund revitalization of our national infrastructure.
So . . . while we await details . . . here’s a 90-second video that frames the big picture.
Should I have worn a tie?
Quote of the Day
The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.~Adam Smith, The Wealth Of Nations
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- Feb 15:
NYC. UK. Canada.
- Feb 14:
If Republican Officials Go To Prison . . .
- Feb 13:
The National Butterfly Center Is Taking A Stand
- Feb 12:
Home-Schooled For Christ. And Pence.
- Feb 11:
Russian TV Thanks The GOP (And Don’t Miss Bill Maher)
- Feb 9:
The Perfect Virginia Solution
- Feb 8:
The Case For A Better Wealth Tax
- Feb 7:
200 Times More Interest On Your Money . . .
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Listen To A Structural Forensicist
- Feb 5:
Tom Brady’s Secret For Your Parents
- Feb 15: