Will Tax Cuts Pull Us Out of this Sluggish Economy?

Categories: Business, Economy, Politics, Tax Policy
Will Tax Cuts Pull Us Out of this Sluggish Economy?

The ongoing debate in economic philosophy is the effect of tax policy on economic growth.  Some argue that tax increases to the wealthy can provide additional funding to federal and state agencies and provide much needed aid to the middle and lower class. Furthermore, centrally planned investment in infrastructure can create jobs and spur economic growth. The alternate theory is that reducing tax rates for everyone, including the rich, and austere government spending can produce the desired effect of private sector investment and job creation. What is the right approach, and is there evidence to support either philosophy?

The graph below illustrates the data obtained from the Bureau of Economic Statistics and the Tax Policy Center. From 1970 to 2011, the… Read more…

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Fake Tax Cuts, Terrifying Foreclosure Videos, Dog Taxes, and More

Categories: Uncategorized
Fake Tax Cuts, Terrifying Foreclosure Videos, Dog Taxes, and More

We’re all bracing for the next debate, but the taxosphere is rolling right along. Today brought in still more outraged comments about the bailout/stabilization plan/boondoggle-upon-a-boondoggle-upon-a-boondoggle. There’s a lot to catch up on in today’s tax blog posts:

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