Looking ahead the design of the law has several glaring issues that should start to become more apparent as people actually use the law. One of the most problematic and frankly stupid is the exchange subsidy cliff.
|By: Jon Walker 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.
|By: Scarecrow Friday August 5, 2011 12:30 pm|
Let us consider who else might be looking for jobs today. Today’s jobs report, the President reminded us, showed the private sector added over 150,000 new jobs, but that was offset by state and local governments laying off another 30,000 government employees. Those public sector layoffs have been occurring for months, and it looks like that layoff average will continue for another year or two.
|By: dakine01 Tuesday April 26, 2011 4:42 pm|
Notice how all but one of those tax credits are geared towards and most affect your average working people? Nothing about all the corporate tax credits. I’m a bit too lazy to go do all the research for this but I’d make a WAG that the reason the corporate tax credits aren’t showing is because they are all broken down to the lowest level possible, most likely by industry. Far easier to keep things looking smaller to say “Oil Industry Tax Credits” or “Technology Tax Credits” rather than just to say “Corporate Tax Credits” – makes them look far smaller than the dastardly Earned Income Tax Credit or Mortgage Interest deduction.
|By: Jim White Thursday March 31, 2011 8:00 pm|
I don’t understand why Little Melting Jeff is so mean to our government. His company made $14 billion last year, but they won’t give any of that money to the government. Companies like Little Melting Jeff’s are a big reason why our government doesn’t have enough money.
|By: Jon Walker Friday December 18, 2009 1:10 pm|
Ezra Klein has a new, strange, and incorrect defense of the individual mandate in the Senate bill. The argument simply does not fit with the language in the bill, and is pure nonsense. Progressives need to use their leverage for better reforms down the road, laying a strategy for “fixing it later.”