Tax Politics
The Politics of Taxes
Reviving a 30 Year Old Book: The Political Crisis of the 1850’s
Michael F. Holt's book, The Political Crisis of the 1850's, was written in the early 80's, but its content is eerily prescient of today's political playground. In this book, Holt offered his not-so-typical thesis of why the Civil War happened. He suggested that is was...
High Taxes and Demographic Shift Affect Congressional Representation
I have written on this subject before, and now the effects of high taxes and population migration are playing out in a substantial, political way: the decline of about 40% of Congressional seats in the northeast. According to the Census Bureau, high taxpayers are...
Breaking: Pruitt vs Burwell — IRS Rule In Excess of Statutory Jurisdiction
Ruling from the Pruitt vs Burwell Obamacare case. Summary: Federal Courts just hammered Obamacare yet again. The judge sided with the DC panel opinion that the language referring to "state exchanges" meant just that -- State, not federal. This strikes against the...
The “Internet Tax” Is An Unfair Revenue Grabber
Discussion began heating up again about the "internet tax" last week when lawmakers pushed back the moratorium on Internet access taxes -- set to expire on Nov. 1 -- until mid-December during the lame-duck session. In the meantime, let's call it out for what it really...
Chuck Todd is Officially Irrelevant
Whatever shred of actual relevancy Chuck Todd hoped to achieve as the new moderator of "Meet the Press" just collapsed during his MSNBC interview regarding the resignation of Attorney General Eric Holder. Chuck Todd eulogizes Eric Holder as "a non-political person":...
New Inversion Rules Seek to Punish Businesses, Not Raise Revenue
The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an "inversion". The rules take immediate effect. Interestingly enough, when...