Repealing Obamacare, which Republicans on Friday appear closer to doing, would deliver a sizeable tax cut for the rich, a new report shows. Released Thursday by the Center on Budget and Policy Priorities (CBPP), the publication shows that the repeal would give to each of the top 400 highest-income taxpayers—who averaged incomes of roughly $318 million in 2014—a tax cut …
Economic Update – “Mass Media: the Critique” – 12.04.16
“Updates on Maggie’s Farm, John Lewis coop in UK, Trudeau on Castro, economics of immigration, Deutschland Bank and Trump, fake arguments to cut corp tax rates. Major interview with David Barsamian of alternative radio.org.”
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 …