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Tax Politics

The Politics of Taxes

Reciprocal Tariff Ignorance

President Trump continues to pursue his misguided tariff crusade believing that he is somehow protecting American industries and employment. His latest move, reciprocal tariffs (which he intends to begin April 2), is even worse. Trump has stated that he plans to impose tariffs based on “what they charge us, we charge them,” which is an economically stupid idea. Advocates of this policy like to...
Feds: We Want to Give You (Other People’s) Money

The Feds are complaining that those experiencing economic difficulties don't ask for a lot of help from....the government. The government assistance website, USA.gov, helpfully and cheerfully reminds us that “Given that only 15 percent of you turn to government...

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UN “Global Internet Tax” in the Future?

I have to give Congress at least a little credit here. The U.S. Ambassador to the UN, Terry Kramer, announced this week that there is growing momentum worldwide for a "internet tax" of sorts which would affect companies such as Google who do business internationally....

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Romney’s 2011 Taxes

Romney released his 2011 tax return today. I haven't had time to review these yet, but the Romney campaign has put out the following notes: Regarding the newly-filed 2011 Tax Return: In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment...

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Breaking: US Credit Downgraded Again

US Credit Downgraded again on QE3 move: From MarketWatch "SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's new round of quantitative easing, or QE3, will hurt the U.S....

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