Apparently Stephen Gordon is having a hard time figuring out where Andrew Jackson, the chief economist for the CLC, got the bizarre idea that: The argument for corporate income tax cuts has been that increased after-tax corporate profits would be … Continue reading →
Continue readingTag: tax cuts
The Happy Wanderer: Compromise!?
Obama wants to push the so called compromise of extending the payroll tax cuts by another 2 years. If this is considered a compromise it a joke. Because first both sides for the most part agree with the idea, but yet there was still a lot of fighting over the
Continue readingThe Happy Wanderer: Democrats are Dreaming
In a somewhat strange turn of events it seems the Democrats who contiguous talk themselves as being the party that will save Social Security is now the party that quite frankly is giving it lip service. The Payroll tax (the tax that generates a lot of income for Social Security) is at
Continue readingThe Happy Wanderer: 9-9-9 plan means MORE TAXES!
A new study shows what the 9-9-9 plan actually does. This study shows who will benefit and who will not benefit in this tax plan. Under the current policy there is no sales tax. Under this plan there will be a 9% G.S.T , but s…
Continue readingImpolitical: Do tax cuts pay for themselves?
Since this is an argument commonly made by conservatives, that tax cuts will spur economic growth and therefore pay for themselves, it’s always worth noting a recent look at the issue. Simon Johnson, former chief IMF economist, reviews a few studies in…
Continue readingThe Happy Wanderer: PC over Promising.
In PEI the PC’s in the province who are losing terribly in the polls are trying to gain support promising something that PEI can’t afford. The Pc leader Olive Crane said if elected she would reduce the P.S.T in the province from 10% to 9%.
“For a one…
Continue readingThe irony of greed: The end game for Neoliberalism?
The global economy is in the toilet and the Boomers’ representatives are chanting: “flush, flush, flush.” Me? I am eating cigarettes and wine while admiring the remarkable consistency in the myopia of all of it. In the name of fisca…
Continue readingImpolitical: Tax value
This piece in the Globe today by a Toronto architect, Jack Diamond is worth a read because it’s the kind of case that’s not often made these days for what’s needed to build and keep the Canada we enjoy living in. It’s about cities and the elements that…
Continue readingThe Happy Wanderer: Cut, Cut, Cut
Stephen Harper would like to cut 4 billion dollars in spending in order to help balance the budget. knowing Harper these cuts of course attacks agencies he is against like Environment Canada that will be getting a 21% cut this year. which is …
Continue readingImpolitical: Column of the week
The tax cutting orthodoxy of the Republicans comes under fire from right wing New York Times columnist David Brooks as the debt ceiling fight looms: The party is not being asked to raise marginal tax rates in a way that might pervert incentives. On the…
Continue readingThe Wheatsheaf: Compromise this
UPDATE: Tax cuts are still a no go for the NDP. In austere times, it is good to see the NDP continue to pursue pragmatic and practical economic policies. See CTV’s Question Period for the word right from the leader’s mouth: http://www.ctv.ca/qp/index.html?vidId=420943. It has been said, this country was founded
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