What DT is risking is not just some political points in the rust belt and trade promises. When this trade war ends like all the rest do, and the economy takes a hit- it will not be his stupid trade polices that are blamed, it will be his ‘stupid’ tax cuts.Read More
by Henry Oliner
The estate tax is less of a transfer from the rich to the poor than it is a transfer from one group of wealthy to other wealthy special interests. The great beneficiaries of estate taxes are tax lawyers and accountants, insurance companies, and wealthier businesses who use the pressure of the estate taxes to acquire other firms and grow larger.
From Kevin Williamson at National Review, A Conservative Tax Hike The federal government uses the tax code for all sorts of social-engineering purposes: to encourage and subsidize investment in manufacturing or green-energy businesses, to reward charitable giving, to encourage home-ownership. The…Read More
From Kevin Williamson at National Review, A Conservative Tax Hike Eliminating deductibility for state and local income taxes is of course politically satisfying for mean-spirited conservatives such as myself — it constitutes a very substantial tax increase on the sort of…Read More
from The WSJ, Phil Gramm and Michael Salon, Reagan Cut Taxes, Revenue Boomed: As inflation plummeted from the CBO’s projected average annual rate of 8.3% for 1982-86 to an average of 3.8%, revenue compared with projections tumbled $22 billion in 1982…Read More
From Robert Samuelson at The Washington Post, The coming middle-class tax increase There is a broader message here. Both parties have constructed rationales for avoiding middle-class tax increases, which would be highly unpopular. It’s not that these rationales are illegitimate: The…Read More