Tax Policy
Borrowing Our Way Out Of Debt
Wednesday, October 22nd, 2008We’re printing an ungodly amount of borrowed money to bail out a bankrupt financial system, and so far that money is going to the people who caused the problems! It’s hard to see anything good coming of it.
I don’t see a significant difference between the two major candidates for President on economic issues. Both support [...]
Spy Satellites & Wall Street Bailout
Friday, October 3rd, 2008This has been a dreadful week for Constitutional government in the United States. First, the government funds the National Applications Office. This is another step towards combining the US military with domestic law enforcement. Next, they enact the Wall Street bailout bill, one of the biggest crimes ever committed against the US Taxpayer.
Senate to Taxpayers: Bend Over!
Thursday, October 2nd, 2008The US Senate just passed its version of the Wall Street Bailout Bill. Criminal fingerprints are all over this long, tedious document. In yet another example of bizarre political double-speak, the Senate version has been "sweetened." This means that corporate handouts, tax cuts and other expensive promises have been built into this bill. All of [...]
Corporate Taxes & Economic Justice
Thursday, August 14th, 2008The Government Accountability Office just published a study that compares corporate taxes of US and foreign cororations. It finds that 28% of big US corporations don’t pay income taxes.
Raising corporate taxes might not raise government revenue. Check out this paper. It includes IRS data that shows how much corporate tax revenue declined as a result [...]