This clawback, like the Pease Amendment , is hidden in a calculation. This is fraudulent -- it intentionally tries to deceive. and tax law should not try to deceive taxpayers. With this maneuver, the Republicans are looking like the Democrats. The lowest tax bracket is the … [Read more...] about More on the GOP Clawback Proposal
Richard Rubin makes some major errors in his summation of burgeoning tax bill. He uses a scenario of five people and goes through how they would be affected by the current proposed legislation. However, he does not get his calculations correct. He's comparing apples and oranges. … [Read more...] about Richard Rubin’s Tax Plan Follies
The GOP Senate released its own version of a tax reform plan with a few differences from the House version. The most notable example is a one-year delay on cutting the corporate tax rate from 35% to 20% -- meaning that the tax change would not take affect until 2019. Their … [Read more...] about Senate Release Its Own Tax Plan; Wants to Delay Corporate Tax Cuts
The Wall Street Journal has done a nice roundup of the October Jobs Report released a few days ago. U.S. employers hired at strong rate in October, reflecting a sharp bounce back from September, when payroll growth slowed in the wake of hurricanes striking the southern U.S. … [Read more...] about Economy Looking Stronger With October Jobs Report
The Wall Street Journal weighs in on the surprise surcharge that the Republicans presented in their tax plan -- and subsequently defended when it was discovered. I have reposted it below in its entirety, because it is excellent: You know Republicans are intellectually confused … [Read more...] about WSJ: Get Rid of the Wealth Surcharge!