New legislation would put an end to an income tax windfall for millionaires and their descendants. [Cross-posted from Inequality.org] America’s income tax system is based the principle that income derived from both work and wealth is subject to tax. Just as workers pay tax on their wages, wealthy individuals should pay tax on their investment … Read more
I have corrected this Arizona Daily Star headline for accuracy. Ducey talks disdain for Arizona’s new education tax, vows fast fix: A new voter-approved tax on high-earning Arizonans [Prop. 208, Invest In Ed] that will boost education spending is firmly in Gov. Doug Ducey’s crosshairs, with the Republican vowing Friday to see Proposition 208’s new … Read more
A Last-Minute Add to The Stimulus Bill Was Meant to Restrict State Tax Cuts so that states could not steal COVID Relief funds from the recipients Congress deemed deserving of aid and use the federal funds to subsidize tax cuts for the usual suspects, i.e., corporations and the wealthy. A last-minute change in the $1.9 … Read more
The caption is a play on President Bill Clinton’s oft-quoted line “the era of big government is over.” People always forget that it was immediately followed by “but we cannot go back to the time when our citizens were left to fend for themselves. We must go forward as one America, one nation working together, to meet … Read more
The “lamestream media” coverage of passage of the COVID-19 Relief bill tended to focus on the fact that it was not “bipartisan,” i.e., that not one Republican in Congress voted for the most popular bill since raising the minimum wage in 2007, supported by 76% of Americans and even 60% of Republicans. That is almost … Read more