Jonathan Chait: "The underlying facts, like the facts of climate change, are stark. Over the last few decades, income growth for most Americans has slowed to a crawl, while income for the very rich has exploded. That’s a reversal of the three decades following World War II, when all income groups got richer, with the … Continue reading The Ideological Fantasies of Inequality Deniers
Taxes
The GOP’s latest tax gimmickry: Soak the poor
EJ Dionne: "Reagan’s optimism has thus been replaced by crabby put-downs of the less affluent. Perry said it directly in his announcement speech: “We’re dismayed at the injustice that nearly half of all Americans don’t even pay any income tax.” Considering the other injustices in our society, this seems an odd and mean-spirited obsession. “Tax … Continue reading The GOP’s latest tax gimmickry: Soak the poor
The Tax Hikes That Republicans Love
Joe Conason: "From the Tea Parties to the corporate boardrooms to the presidential debate platforms, we hear a familiar droning whine about taxes -- except the angry message is no longer simply that taxes are too high. Today, conservative politicians and pundits complain instead that some people, namely those too poor to owe federal income taxes, … Continue reading The Tax Hikes That Republicans Love
The Bush Tax Cuts Are the Disaster that Keeps on Giving
Center for American Progress: "Ten years ago today, the first round of Bush tax cuts became law. But what if they hadn’t? What would our fiscal situation look like if history had been different in just one respect: if we’d never implemented President George W. Bush’s eponymous tax policies? The short answer is that the … Continue reading The Bush Tax Cuts Are the Disaster that Keeps on Giving