Tax Rascal

Tax Return Transparency Blues

Categories: Featured, Politics

Mitt Romney may have released his tax returns, but there’s more than one lesson he can learn from the legacy of George Romney

Just before his South Carolina shellacking by a thrice-resurrected Newt Gingrich, Mitt Romney fielded a question during a debate about whether he would release his tax returns. Romney hemmed and hawed around an actual answer:

“At the very beginning, I indicated that I didn’t have any plans to release my tax returns and then it became clear that that was of great interest to everyone… There was such an interest in tax returns, I said, ‘Okay, I’ll do it.’ Hadn’t planned on doing it, but there’s interest, so I said I will release the tax returns


Rick Santorum: Oh So Clever and Classless and Free

Categories: Featured, Politics

The rise of Rick Santorum forces Republicans to confront some uncomfortable truths

Put aside Rick Santorum’s opposition to contraception, which he has described as “a license to do things in a sexual realm that is counter to how things are supposed to be.”

Put aside the not-so-subtle racism of his declaration, “I don’t want to make black peoples’ lives better by giving them somebody else’s money.”

Put aside his assertion that the right to privacy “doesn’t exist in my opinion in the United States Constitution,” blaming it for the evils of the sexual revolution, contraception, abortion, and now gay marriage.

Put aside his opposition to the Supreme Court decision that overturned state sodomy laws, claiming it … Read more...

Circus Republicanus

Categories: Featured, Politics, Tax Policy

The Republican contest staggers towards its first showdown in Iowa

Imagine if you will a latter day Rip Van Winkle awaking from a three month slumber only to be coarsely thrust in the front row at the latest of these endlessly recurring Republican debates.

Having shaken the cobwebs from his befogged head and readied it for the battering, he would surely be astonished to find that during his absence the former speaker of House, the dishonorable Newt Gingrich, had, if only for a short spell, managed to float well above his competitors in polls nationwide.

True, our Rip would have been spared the far-fetched, frankly bizarre drama of the intervening months. He will have thankfully avoided the grim spectacle of Read more...

Newt Doth Bestride the Narrow World Like a Colossus

Categories: Featured, Politics

One World-Historical Figure’s 2012 Campaign to Transform America, Fundamentally

Take up the White Man’s burden–
Send forth the best ye breed–
Go bind your sons to exile
To serve your captives’ need;
To wait in heavy harness,
On fluttered folk and wild–
Your new-caught, sullen peoples,
Half-devil and half-child.

Newt Gingrich, “advocate of civilization,” “arouser of those who form civilization,” and “leader (possibly) of the civilizing forces,” (his words, not mine) is on a mission to fundamentally and profoundly transform America.

Newt has never been shy about his grand ambitions. “I want to shift the entire planet,” he declared to the Washington Post way back in 1985, “And I’m doing it.” Newt sees himself as “a transformational figure,” … Read more...

Mitt Romney’s Tax Plan is Flat but Not in the Way You’d Think

Categories: Economy, Featured, Politics, Tax Policy

Mitt Romney is betting on a boring tax plan to keep him ahead of the pack in 2012

There was a time when tax policy actually had the starring role in the 2012 Republican Presidential race.

That was before Sharon Bialek dolled up for the hungry cameras, while her attention-grubbing attorney punned lamely about “stimulus packages”, and related the tale of citizen Cain slipping a hand up her skirt and pulling her head toward his crotch.

That was also before Rick Perry fumbled the presidential pigskin once again as he let the Department of Energy slip from his addled brain with an epically infantile “Oops”.

All anyone could talk about then were Cain’s 9-9-9 tax plan and Perry’s optional Read more...

Rick Perry Supports the Right to Choose… Your Own Federal Income Tax Rates

Categories: Featured, Politics, Tax Policy

Rick Perry for President hits a hurdle with his optional flat tax

Locked in a competition with Herman Cain to see who can propose the most crazily unrealistic tax reform that panders to the delusions of the Republican base, Rick Perry delivered a speech in South Carolina Tuesday in which he outlined his plan for (kind of) scrapping the current tax code and offering taxpayers the choice of an optional 20% flat income tax.

At the CNN debate in Las Vegas, during which Perry seemed to awake from his stupor while Herman Cain took fire over apples and oranges, Perry promised a tax reform plan that could compete with the pizza mogul’s 9-9-9 plan. “I’ll bump plans with you brother,” … Read more...

Herman Cain’s 9-9-9 Plan: Worth More than the Price of a Pizza?

Categories: Economy, Featured, Politics, Tax Policy

Tea Party politics buoy Herman Cain’s bid for President, but questions remain

No dearth of material has been published in recent weeks about the bad math in Herman Cain’s 9-9-9 tax plan. It would effectively scrap the current tax system and replace it with a 9% business flat tax, a 9% individual flat tax, and a 9% national sales tax. Did he steal it from Sim City? Is it the price of a pizza? The work of the devil? We can only guess.

What is pretty clear, however, is that Herman Cain’s plan would mean a significant tax increase for the roughly 30 million low-income Americans who pay neither income nor payroll taxes as well as a … Read more...


Categories: Featured, Politics

The 2012 elections will be all about taxes like them or not.

Tax mavens looking forward to next year’s general election are feverishly sharpening their knives. Because, make no mistake about it, taxes will figure grandly at the coming feast. The recent, Kick the can debt ceiling agreement has made this unavoidable. By their intransigence on precisely the issue of taxation, the members of the Tea Party have contrived to make taxes and spending the main item on the electoral menu.

And it is not solely the matter of whether to tax or not to tax, but whom to tax, how to tax, and at what rate. The 2012 elections, with 33 senate seats at play, 11 gubernatorial races on … Read more...


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