The ‘Optimal’ Tax Rate on Ultra-High Income?
Rich people-friendly lawmakers subscribe to a theory that considers any tax increase on the rich a reckless step down a slippery slope to economic disaster. Two top economists have just...
Taxes
Tim Pawlenty’s Dippy Dive into ‘Deep Doo-Doo’
A top 2012 GOP candidate says the tax cuts for the rich he's proposing will expand America's 'entrepreneurial' class. What does history say? Last week, in a “major policy address,”...
Ten Years After Bush Tax Cuts, Pawlenty Offers Reckless Plan
10 years on, the Bush tax cuts are a disaster—and we're contemplating more tax breaks for the wealthy. How can we stop the madness? GOP candidate Tim Pawlenty observed the...
A Decade of Magical Tax Cut Thinking
The 2001 Bush tax cuts added $2.5 trillion to the national debt and disproportionately benefited the wealthiest households. Have we learned anything? Republican leaders in Congress have a one-point program...