The two most important pieces of the 2001-2011 tax cuts for low-income families were the reduced refundability threshold of the Child Tax Credit (CTC) and the 2 percentage point cut in payroll taxes. The American Taxpayer Relief Act of 2012 (ATRA) extended the former for 5 years and dropped the latter entirely. This, in sharp
We have yet to have an open discussion in America about the preferential tax treatment given to the ownership class. They’re not “job creators”, a meme the 1% is desperately trying to rehabilitate, so we can no longer afford to protect them with the enforced decorum of not asking the obvious questions of fairness.
The tax system provides substantial assistance for workers – and, outside of Social Security, provides the largest platform for redistribution we have in the U.S. Although the tax system leaves out huge swaths of people – which I’ll discuss in future posts – for the people it targets money towards, it can do it relatively
The Boston Tea Party was formed in 2006 by former Libertarian Party members dissatisfied with the LP’s “abdication of political responsibilities.” “Americans deserve and desperately need a pro-freedom party,” the BTP’s founders stated, one “that forcefully advocates libertarian solutions to the issues of today”. Among their objections to the mainstream Libertarian Party was its nomination
by Walter Brasch A wall of suffocating heat nearly vaporized me as I walked into Marshbaum’s house. In the kitchen was a portable kiln spewing fiery venom that was curling the linoleum. In the den, wildly pumping a potter’s wheel flinging clay all over the room, was Marshbaum. “Got a new hobby?” I asked from
by Walter Brasch Millions of Americans gave George W. Bush unquestioned support when he diverted personnel and resources from the war against al-Qaeda and Osama bin Laden to invade Iraq. Several million fewer opposed the invasion, stating that the primary mission was to destroy the enemy hiding in Afghanistan that destroyed a part of America
One of the most oft-deployed claims against the Obama administration, and the underlying concepts of social services, government spending, and social responsibility itself, is that deficits kill the economy. In fact, if you listened to deficit hawks from both major parties, as well as libertarian doomsayers, you’d think deficit spending was not just bad, but