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Alternative Visions – Ideology in Economics—How It Works to Benefit the Wealthy – 09.18.17

Dr. Jack Rasmus explains the notion of ideology in mainstream economics and how it works to create false arguments like ‘business tax cuts create jobs’, ‘free trade lifts all boats’, ‘markets are efficient’, ‘inflation is always caused by too much money chasing too few goods’, recessions are caused by external shocks to a stable (equilibrium) economic system, interest rates determine …

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Alternative Visions – Massive Corporate Tax Cuts Coming -Again – 08.04.17

Multi-trillion dollar corporate and investor tax cuts by December have moved to the top of the Republican Congress-Trump legislative agenda. Dr. Rasmus puts the proposals in historical context, describing the corporate-investor tax cuts from Reagan through Clinton and GW Bush to Obama and now Trump. From the $750 billion Reagan bill in 1981-82 to Bush’s $3.7 trillion to Bush-Obama $480 …

Report: why we need to tax corporations now, more than ever

Last year we published a document entitled Ten Reasons to Defend the Corporate Income Tax, outlining how the tax is under constant attack, in country after country, and explaining why it is one of the most precious of all taxes. Now there’s another fascinating paper, rich in insight and detail, from US economist Kimberly Clausing, entitled “Strengthening the Indispensible U.S. Corporate …

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JACK RASMUS – The $10 Trillion US Tax Giveaway – $10 Trillion More Proposed

From 2001 to 2016 US politicians have cut taxes on corporations and wealthy investors by no less than US$10 trillion. Another US$10 is coming. Proposals for more tax cuts now pending in Congress – plus proposals supported by Trump, Cruz, other Republican presidential candidates – will add another US$10 trillion in tax cuts. And, as from 2001 to 2016, the …

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Dave Johnson – Trump: Don’t Make Corporations Pay Their Taxes

Corporate tax dodgers will love Donald Trump’s new plan to let the corporations who don’t want to pay their taxes off the hook. But is this really the core of the Republican argument against all taxes? Republican economics has been stated a thousand ways by a thousand (always paid) voices. But the basic idea behind all the schemes has been …

estate tax

From Class to Caste: How Congress Is Set to Accelerate Inequality by Repealing the Estate Tax – Scott Klinger

This week the Republican-controlled House of Representatives plans to pass legislation that would accelerate inequality ensuring today’s merely wealthy become tomorrow’s obscenely rich. Those who want to repeal the estate tax have labeled it “the death tax,” but they couldn’t be further from the truth. More than 99.8 percent of Americans who inherit money or property from a loved one get a …