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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...
AMT: Is it Necessary?
AMT: Is it Necessary?

The Alternative Minimum Tax (“AMT”) presents hardships to the practitioner as well as the taxpayer who prepares his own return by, as its name implies, imposing a second tax calculation mechanism on taxpayers. It serves virtually no useful purpose, other than the...

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TEA or OWS?

Tom Palmer, a senior fellow at the Cato Institute, penned the following piece over at Policymic.  Tom rightly gets to the heart of the matter in his summation at the end of the essay. "Government debts and printing-press money will harm future generations. It’s...

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Goldberg on Biden

"...the current vice president...talks like the sort of guy who sits right next to you on the bus even though there are plenty of empty seats — just so he can explain how squirrels aren’t mammals." Indeed, in many respects, he’s as close as American politics gets to a...

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Fact Check: Obama, taxes, and legislation

I've seen very few fact checks pertaining to Obama's record and/or speeches. USA Today did a nice little round-up of some recent claims by Obama regarding the jobs bill, taxes, etc. I've reproduced it below in it's entirety because it was simple and straightforward....

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Investing in the Future

It seems like the administration and media these days are spending a lot of their energy complaining about the growing disparity between the haves- and have-nots. Many explanations are bandied about in an attempt to show that “devious policies” are causing the wide...

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Classifying Millionaires and Billionaires

Class warfare has become a key component of Obama’s policies and re-election rhetoric. The components of such a tactic are easily recognized: 1) the political opponent will hurt those among us who are most vulnerable (elderly, poor, etc); 2) the political opponent...

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