A Truly Simplified Tax Code Is Incompatible With the Main Goals of Washington

By: Wednesday April 10, 2013 9:50 am

It is time for people in Washington to acknowledge it is impossible to get a truly simplified tax code in this current political climate. It is simply inconsistent with the other driving ideological preferences in Washington, which includes the idea of very low federal “spending”, low taxes, and a Congress that plays an active role in setting policy. It is possible to fulfill two or three of these goals at once, but not all four.

President Obama’s new budget is a prefect example of how a truly simple tax code is incompatible with the top goals of the two parties. The overview calls for making the “tax code more simple and fair” by closing tax loopholes. Yet, just a few lines later it calls for multiple new tax incentives to promote several proposals.

 

Americans Overwhelmingly Back Government Spending on Job Programs

By: Thursday March 21, 2013 6:55 am

Apparently, America is full of Keynesians or at least regular people understand the real crisis we are facing right now is the high unemployment not long term deficit projects. A new Gallup poll found that Americans overwhelming support government spending on jobs programs. From Gallup:

Unlearning and Relearning

By: Sunday January 20, 2013 10:40 am

I need to unlearn the economics I was taught in college, relentlessly reinforced through conventional wisdom and its advertising program, and relearn it from the perspective of close observation of reality.

Judd Gregg Puts on His Deficit Peacockery; Obama Calls it Macaroni

By: Friday January 29, 2010 5:15 pm

Sen. Judd Gregg (R-NH) who hates populism, had an extended hissy fit on MSNBC yesterday, when he was actually challenged to name what programs he would cut in the name of fiscal austerity.

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