Laurence Kotlikoff, a “professor of economics at Boston University” and entrepreneurial financial guy, got space in the New York Times to explain that getting rid of the corporate income tax would be great for workers. Kotlikoff worked for Reagan as an economics adviser, so we can guess that he believes deep in his soul that the only reason for corporate taxes is to punish the success of the deserving rich.
|By: David Dayen Thursday May 24, 2012 8:50 am|
You can credibly say that Pelosi’s tax cut plan is, in large part, a tax cut plan for millionaires. As Bob McIntyre of CTJ says, “This town may never agree on who is middle-class, but surely we can agree it doesn’t include anyone who makes over a million dollars a year.”
|By: David Dayen Monday April 9, 2012 7:25 pm|
Last year, the watchdog group Citizens for Tax Justice put out a paper showing that 30 Fortune 500 companies had a negative tax rate for the cumulative years 2008-2010. Extending that through 2011, there are still 26 such companies that paid “negative” income taxes.