by Henry Oliner | Aug 10, 2023 | Economics
Presidents get too much credit and blame for an economy as if it turns on a dime the moment they are elected. The right want to credit Trump for the sharp rise since he was elected, but attributes no credit to Obama for the long rise during his tenure. In both cases...
by Henry Oliner | Feb 18, 2019 | Economics, Politics, Progressivism, Taxes
Richard Rubin’s essay in the Wall Street Journal, The Next Tax Revolution (print edition), Democrats Take Aim at the Reagan Revolution (online) is a tidy summary of our history of the income tax. Understanding the income tax and its impact requires distinguishing the...
by Henry Oliner | Nov 30, 2017 | Economics
Presidents get too much credit and blame for an economy as if it turns on a dime the moment they are elected. The right want to credit Trump for the sharp rise since he was elected, but attributes no credit to Obama for the long rise during his tenure. In both cases...
by Henry Oliner | Sep 21, 2017 | Economics, Taxes
from An Anti-Growth Tax Cut by Kevin Williamson in The National Review In economic terms, there are two things going on with those revenue and deficit numbers. One is the structural issue, i.e., tax policy, spending, etc. The other is the cyclical issue, i.e., the ups...
by Henry Oliner | Aug 3, 2017 | Economics, Taxes
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 and $70.4...
