Chart of the Day: How Have Republican Tax Cuts Fared Since 1980?
Looking for news you can trust?Subscribe to our free newsletters. Jonathan Chait complains today that Republicans always justify their claim that tax cuts boost the economy by simply taking credit for the normal economic expansions that happen afterward: They deemed the Reagan tax cuts to be a growth miracle by starting at the trough of…
“If There’s No Collusion, Why Lie About These Contacts?”
Ting Shen/Xinhua via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Earlier today, Michael Flynn pled guilty to a charge of lying to the FBI about his efforts to stall a UN vote on Israeli settlements during the presidential transition. This was obviously a plea bargain to avoid more serious charges, but…
How Will You Spend Your Tax Cut Bonanza?
Looking for news you can trust?Subscribe to our free newsletters. Have you been wondering what kind of tax cut you’ll be getting from the Republican tax bill? Wonder no longer! If you’re middle class, with an income between $30-75,000, here’s the answer: Maybe you can remodel your kitchen! A few hundred bucks should cover that,…
Tapper: The President of the United States Has “Impulse Control Issues”
I’m no fan of either one of these guys. But if I were forced to choose, I’d pick the guy on the right.Ron Sachs/CNP via ZUMA CNN’s Jake Tapper today on the reaction in Parliament to President Trump’s retweet of a racist British hate group: This concern about the president’s behavior consumed a great deal…
Tax Bill Update: Maybe 20% Won’t Fly?
Patrick Pleul/DPA via ZUMA Our story so far: Republican Deficit Hawks: We won’t vote for the tax bill if it increases the deficit. GOP Leadership: No problem. Lower taxes will supercharge the economy so much that it will cause revenue to go up. The tax bill will actually cut the deficit! RDH: Uh huh. Can…
JCT: Even With Dynamic Scoring, Republican Tax Bill Will Still Cost $1 Trillion
Republicans in Congress were desperately hoping that the Joint Committee on Taxation wouldn’t have time to perform a dynamic estimate of their tax bill before they passed it. But the JCT wonks put in some overtime and got the job done. Yay wonks! Here’s the result: Over ten years, the tax bill will increase the…