Salvatore Babones: Austerity is not the Answer; Employment is the Answer
Austerity is a political decision, not an economic one. It benefits the few at the expense of the many.
Tag Archives: Tax rates
Salvatore Babones: Why Have Levels of Income Inequality Risen So Much?
The fact that the average American household today has an income of $50,000 instead of $100,000 can be attributed entirely to the fact that inequality has risen over the past four decades instead of declining.
Salvatore Babones: Should We Reduce the Corporate Income Tax?
To keep corporate income taxes low, either we have to keep individual income taxes high or we have to cut back on government services. In other words, it’s corporations versus people. That’s not class warfare. That’s simple arithmetic.
Salvatore Babones: Federal Workers Should Not Have to Pay for the Social Security Tax Cuts
Federal workers have it hard enough without Congress playing politics with their paychecks and pensions.
Salvatore Babones: To Grow the Realonomy, Tax and Spend
“Tax and spend.” Those three dirty words are now the key to economic recovery in America’s Realonomy.
Salvatore Babones: The Biggest Tax Cut of All
By defunding the IRS Congress has virtually eliminated the audit threat for the wealthy, in effect handing dishonest individuals a massive tax cut.
Salvatore Babones: Make the Payroll Tax Cut Permanent
Congress should stop playing politics with the payroll tax cut and make it permanent by extending Social Security taxes to everyone.
Salvatore Babones: Making the Payroll Tax Cut Revenue-Neutral
All workers should pay Social Security taxes, including those with six, seven, and eight figure incomes.
Salvatore Babones: After the Deficit Reduction Supercommittee, Back to School
It’s time to tax and spend
A Time When Government Never Shut Down
The United States once taxed the nation’s wealthiest at substantially higher rates than today. In those high tax years, this new Tax Day report from the Institute for Policy Studies documents, Americans prospered. And the federal government never went begging.