Tax Politics
The Politics of Taxes
IRS Commissioner: “Wherever We Can, We Follow The Law”
Thanks to the folks over at CATO, we have a video of the current IRS Commissioner John Koskinen, speaking before the Ways and Means Health Subcommittee early this week. He was being questioned about taxes and Obamacare, and asked about subsidies being repaid. Chairman...
Bernie Sanders Wants Rich People to Die
At least you can say Bernie Sanders is ideologically consistent. The self-proclaimed socialist unabashedly declared on Saturday that “we need a tax system which asks the billionaire class to pay its fair share of taxes and which reduces the obscene degree of wealth...
Applying Disparate Impact Theory to IRS Abuses
The idea of “disparate impact” is a cancer that has taken root in the business world. If we do not focus on substantially curbing or ending it, it will continue to grow, extorting huge sums from innocent companies, creating an enormous economic burden on society, and...
The Fed: Economy is Gloomy Because Americans Are “Hoarding Money”
In a moment of recent hand-wringing, the Fed examined the question of why inflation has stayed extremely low in the United States despite all the efforts of quantitative easing money pumping. Their answer: American consumers are mainly to blame. Yes indeed. In a paper...
Thomas Perez Doesn’t Understand Basic Business Economics
Thomas Perez's recent appearance on "On the Money", proved his economic naivete once again. It begs the question as to how he can be the head of the Department of Labor? When asked about inversions, he used an anecdote to set the tone of the discussion. It was about a...
U.S. Jacks Up Exit Fee Against Persons Renouncing Citizenship
Just like the recent rise of business inversions -- moving business HQ abroad -- the United States has seen an uptick (up 221%) in Americans renouncing their citizenship. The elephant in the room in both these cases is taxes: both high taxes and burdensome tax...