The nation, and the Democratic Party, desperately needs a replacement for the tired story that tax cuts drive economic growth.
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Tag Archives: Taxation
As Soon as Trump Leaves Office, He Faces Greater Risk of Prosecution
The president is more vulnerable than ever to an investigation into his business practices and taxes.
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A Big Win for Democrats in California Came With a Gut Check for Liberals
Joe Biden received one of the highest margins in the nation in California, but a look at how the state’s ballot measures were decided shows a more complex picture of the electorate.
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Who Is Ben Harris, the Quiet Architect of Biden’s Economy Plan?
Ben Harris is not a household name, even in economics. But he helped develop a package of tax and spending increases that has not spooked Wall Street.
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Taxes, Heroin and Statehood: A Glimpse Into This Year’s Ballot Measures
The coronavirus pandemic has put a dent in the signature-gathering process, but voters still managed to put forward dozens of measures nationwide.
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How a Century of Real-Estate Tax Breaks Enriched Donald Trump
The real estate industry has long enjoyed uniquely favorable tax treatment — thanks in part to Mr. Trump’s actions before and after he became president.
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Vote for Progressive Taxation in California, Illinois and Arizona
The people of Illinois, Arizona and California have a chance to make the distribution of state taxation a little more fair.
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Hedge Fund Magnate Is Moving His $41 Billion Firm From N.Y. to Florida
The firm, Elliott Management, led by Paul Singer, will transfer its headquarters to West Palm Beach, Fla., because of the pandemic.
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Why Trump’s Taxes Are a Call to Action
For a more equitable system, we need a simpler and fairer tax code.
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Pandemic Exposes Holes in Sweden’s Generous Social Welfare State
Decades of budget-cutting and market reforms laid the ground for a wave of death in Swedish nursing homes.
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Why These Millionaires Are Staying Put Despite a New Tax on Them
The reason has little to do with money. Family and community ties keep them from leaving their state.
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The Picture of a Broken Tax System
Donald Trump’s tax returns illustrate the profound inequities of the tax code and the shambolic state of federal enforcement.
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The Good, the Bad and the Ugly, Meet Donald Trump
Over the past five days, we learned a lot about the president and his powers.
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Trump Says D.A. Is Using ‘Speculation and Innuendo’ to Get His Tax Returns
Prosecutors have suggested in court papers that an investigation into the president could focus on a range of possible crimes.
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For Trump, It’s Not the United States, It’s Red and Blue States
A statement by the president this week was an insight into how he views the country as composed of parts that either are for him or against him.
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Deal Reached in N.J. for ‘Millionaires Tax’ to Address Fiscal Crisis
Gov. Philip Murphy said the tax would help make up shortfalls caused by the pandemic, but Republicans warned it would lead to an exodus of wealthy residents.
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Is Taxing the Rich the Answer to N.Y.’s Budget Deficit?
Democrats searching for a revenue source to spare needy New Yorkers from pandemic-caused cuts have an unexpected opponent: The governor.
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Tax the Ultrarich? Cuomo Resists, Even With a $14 Billion Budget Gap
State Democratic lawmakers are pressuring Gov. Andrew Cuomo to approve a tax on the wealthy, fearing that budget cuts will hurt those most in need.
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The Tax Cut for the Rich That Democrats Love
Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill?
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‘I Keep My Promises,’ Trump Said. Let’s Check.
Here’s a report card on whether the president met his 2016 campaign pledges.
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Florida Attracts More Northerners
Since the beginning of the pandemic, home sales in parts of the Sunshine State have more than doubled.
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You Want Progressive Policies? You Need Progressive Taxes
Foolish federal dithering means states have to step in. Yes, even in the midst of a pandemic.
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White House Wants Companies to Foot Payroll Tax Bill for Workers
The Treasury Department has not been willing to issue guidance making it clear that companies will be on the hook for deferred taxes, further delaying crucial information for businesses.
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The Democrats Are United to Fight Trump, but Policy Fights Are Looming
The Democratic National Convention showcased Joe Biden’s goals on issues like health care, climate change and the economy. But there is plenty of daylight between his plans and what progressives want to see.
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Here’s How Moving to Work Remotely Could Affect Your Taxes
The rules are complicated and vary by state, so accountants are advising taxpayers to keep track of how many days they spend working in each state.
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Virgin Islands Will Subpoena Billionaire Investor in Epstein Case
The territory’s attorney general wants to know more about Leon Black’s dealings with Jeffrey Epstein, who died while facing sex-trafficking charges.
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Texas Governor Proposes Freezing Taxes in Cities That ‘Defund’ Police
Reacting to a vote in Austin to cut millions from its police budget, Gov. Greg Abbott is backing legislation to deprive cities of control over a major revenue source if they follow suit.
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The Recession Is About to Slam Cities. Not Just the Blue-State Ones.
Those with budgets that rely heavily on tourism, sales taxes or direct state assistance will face particular distress.
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Trump Ads Attack Biden Through Deceptive Editing and Hyperbole
We reviewed all of the Trump campaign’s television ads since June. Two-thirds contained clearly misleading claims or videos.
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State and Local Budget Pain Looms Over Economy’s Future
Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package.
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Advisers Consider Whether Trump Can Cut Taxes Without Congress
Trump’s lawyers and economic advisers have studied how far they could stretch executive authority to set tax policy, though the legality of any cuts is dubious.
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Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack
Because the taxes provide funding for Social Security, Democrats have seized on the issue as they try to erode support for the president among older voters.
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Trump Sends In the Economic Quacks
Now he’s prescribing hydroxychloroquine to fight recession.
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A Trumpless Future Is Hard to Get Your Head Around
Can Biden — and his vice-presidential pick — take us there?
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Ocasio-Cortez Pushes Cuomo to Back Billionaires’ Tax
The congresswoman and other progressives want to tax the ultrarich to help New Yorkers devastated by the coronavirus.
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Should We Even Care About Trump’s Taxes?
Finally, eventually, the president’s tax returns might be made public. Does it even matter anymore?
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Americans Must Know if Their President Is a Crook
The public’s interest in access to Donald Trump’s or any president’s tax filings depends on strong reform legislation from Congress.
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Social Programs Can Sometimes Turn a Profit for Taxpayers
Government assistance can be expensive, but a new study shows that some programs more than pay for themselves.
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California, After Riding a Boom, Braces for Hard Times
Early hopes for a quick rebound from the pandemic have yielded to worries about its long-term impact on state finances and the governor’s ambitious agenda.
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Your Climate Disaster Tax Bill Is Growing
The federal government’s spending on calamities related to global warming is a rapidly rising fiscal threat.
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Europeans vow to pursue digital tax plans after US “provocation”
Enlarge / DORTMUND, GERMANY – JUNE 15, 2020: (BILD ZEITUNG OUT) In this photo illustration, a receipt with the VAT of 19% and 7% is seen on euro banknotes. At the top of the receipt are Eurobills and Cent coins. (credit: Alex Gottschalk/DeFodi Images via Getty Images)
The EU has defied the US by vowing to pursue its own plans for digital taxes after Washington pulled out of global negotiations on the matter and threatened to impose tariffs in retaliation against national levies.
France’s finance minister Bruno Le Maire on Thursday labeled the US decision to suspend the OECD-led talks a “provocation” and said Paris would apply a tax on big technology companies “whatever happens.”
Paolo Gentiloni, EU economy commissioner, said Brussels was prepared to advance its own EU-wide proposals. The UK Treasury has also vowed to press ahead with its digital tax, even as it is engaged in negotiations with Washington over a potential free trade agreement.
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Trump’s Niece to Publish Book With ‘Harrowing’ Revelations, Report Says
The Daily Beast reported that Mary Trump will also say that she was a source of The New York Times’s coverage of the president’s tax returns. The Times declined to comment on the claim.
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As Energy Prices Tumble, Developing Countries Trim Subsidies
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel.
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Trump Administration Escalates Global Fight Over Taxing Tech
The U.S. investigation targets nine countries, plus the European Union, that have adopted or are considering new taxes that would hit American companies like Google and Amazon.
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A €750 Billion Coronavirus Recovery Plan Thrusts Europe Into a New Frontier
Adopting the proposal would make history for the bloc, vesting authority in Brussels in ways that more closely resembled a central government.
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A €750 Billion Virus Recovery Plan Thrusts Europe Into a New Frontier
The European Commission wants to issue bonds to raise the funds, taking a step closer to a shared budget potentially paid for through common taxes.
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Will Bars Exist in NYC After the Coronavirus?
Even when businesses like mine can open up for real, it will be very hard to keep them going in a socially distanced world.
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Don’t Bail Out the States
Instead of propping up failed state bureaucracies, the federal government should support American workers.
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The Sheer Number of School Districts Is Tilting the Playing Field
Changing their borders would go a long way toward getting public school money where it most needs to go.
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The Utter Unfairness of Educational Geography
Changing the borders of school districts would go a long way toward getting public school money where it most needs to go.
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