Tag: taxes

Immigrants from New Jersey: Welcome!

 

It looks like us “halfback” states might be seeing immigrants from New Jersey soon. If you folks from New Jersey come to South Carolina, we kindly ask you to observe some rules of civilized behavior:

  1. Don’t bring your New Jersey politics with you. Many of you flee the places where your policies are enacted, yet you try to reinstate those policies here. Just say no.
  2. Respect Southern heritage. In spite of all the statue removals and battle flag removals you read about, Southern pride still reigns supreme down heyah. Don’t bad-mouth the South, and learn to love pulled pork and fried chicken. While you’re at it, buy a pickup truck. They’re pretty handy for hauling stuff.
  3. Don’t complain about the heat and humidity, and we won’t complain about what little snow and ice we get.
  4. Although there are many colleges here, everyone has to choose between Clemson or South Carolina. Pick one, and at least pretend to be a fan.
  5. Don’t panic if you see someone with a gun. Most folks down here have one or more, even liberals.
  6. And finally, don’t tell us how much you liked your old state. If you miss it so much, move back!

Observe these things, and we’ll get along just fine. There are many other rules, but they will be in the Welcome to South Carolina packet issued to you after you arrive. If the @bethanymandel family moves here, my wife and I will provide personalized instruction (including Southern voice lessons) to ease the transition…

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Tariffs and the looming threat of a trade war, the White House shaking up its economic team, and the president suggesting another round of tax cuts begs the question: what next in Washington, DC? Dr. Michael J. Boskin, a Hoover Institution senior fellow and the Tully M. Friedman Professor of Economics at Stanford University, discusses […]

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Richard Epstein opines on whether Donald Trump or Barack Obama deserves more credit for the current economic expansion, then tackles the policy agenda the president laid out in his State of the Union address. More

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Victor Davis Hanson describes how Donald Trump is systematically dismantling the legacy of the Obama Administration … and explains why it’s paying such rich dividends for the country. More

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Jim Geraghty of National Review and Greg Corombos of Radio America welcome a new poll showing nearly half of Americans hold a positive view of the Republican tax bill and are bullish on the economy, although they are not ready to give Trump and the GOP credit. They also wince as Democrats win a usually […]

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It’s the DIY “How to Survive The Coming Tax-Cut Apocalypse” edition of the podcast, with special guests Nancy Pelosi and Elizabeth Warren. This is Armageddon, folks! Media liberals have discovered that while they were whining, Donald Trump was winning More

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I admit I have not been able to dig into the real nitty-gritty details of the massive tax overhaul that just passed the House, but since Nancy Pelosi has declared it to be “the worst bill to ever come to the floor of the House” I am guessing I will probably like it. More

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A hypothetical with a question. Let’s say the tax jigger that’s going on passes and it works…and I mean it really works, like even better than Larry Kudlow could imagine. The economy takes off and tax receipts (government has no revenue!) expand so that the tax cuts not only pay for themselves but increase the […]

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Every weekend, I pick two of my favorite interviews from the week to give listeners something to tune into as they do their chores, head out into holiday shopping traffic, etc. I hope you enjoy it! This week: More

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I’ve convinced a liberal friend of mine to meet next week to talk about my view of economics. This comes after he ended a Facebook post on the Senate tax legislation with the rhetorical question “Why would you vote for someone who votes for Supply-Side bull…?”   More

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“It is important to remember that government interference always means either violent action or the threat of such action. The funds that a government spends for whatever purposes are levied by taxation. And taxes are paid because the tax payers are afraid of offering resistance to the tax gatherers. They know that any disobedience or […]

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Jim Geraghty of National Review and Greg Corombos of Radio America blast congressional Republicans over their embrace of scrapping the adoption tax credit and for considering an end to the property tax deduction. They also slam the TSA for failing miserably yet again in the latest test designed to see if our blue-shirted friends can […]

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Richard Epstein reacts to the tax plan released by congressional Republicans and explains what steps are most essential for jumpstarting economic growth. More

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Are Supply-Siders Losing Their Grip on the Trump GOP?

 

Trump adviser Steve Bannon is supposedly pushing for higher taxes on the rich to pay for middle/working-class tax cuts. As Axios reporter Jonathan Swan reports: “Bannon has told colleagues he wants the top income tax bracket to ‘have a 4 in front of it.’”

Even if the Trump White House proposed raising the top rate just a smidgen to 40% from the current 39.6%, it would be a pretty big deal in a modern GOP built around the “supply-side,” tax-cutting doctrine. (And remember, what’s really key for supply-siders is lowering that top marginal tax rate.) Many conservative Republicans, such as Paul Ryan, deeply believe lower rates are the maximum driver for faster economic growth. The Bannon plan would also be directly opposite from the most recent iteration of the Trump tax plan, which proposes 35% top rate.

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Why Can’t the US Use Its Assets Like the UK?

 

If you’re like many Ricochet folks, you get “The Daily Shot” in your inbox every day. (No, I’m not going to scold you if you don’t.)

Wednesday morning’s edition caught my eye because of some talk about Queen Elizabeth II getting a pay raise. As Americans, we’ve occasionally made comparisons between the Royal Family’s expenditures versus our own First Family. This was a relative sport for some, until earlier this year.

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We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. Winston Churchill More

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Who Needs Progress Anyway? Not the “Degrowth” Movement

 

Andy Kessler dislikes Bill Gates’s “robot tax” idea about as much as I do and explainS his reasons in the Wall Street Journal. Among them, Kessler doesn’t like how such ideas — particular Gates’s notion that we may want to slow progress so workers can better adjust — feeds into the “degrowth” movement. Yes, “degrowth” is kind of a thing. Kessler:

There is a murmuring movement out of Europe known as “degrowth.” If this sounds to you like a cabal of cave dwellers, you’re not that far off. Degrowth Week in Budapest last summer featured enchanting sessions like this one: “Popular competence building against the Technocracy.” Channeling Ludd, industrial insurgents and sustainability samurais want to keep things the way they are, like the eco-protesters at Standing Rock. The site degrowth.org is clear about the movement’s unproductive goals: Consume less and share more.

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Border Adjustment Tax (BAT) is not a tariff, it is much more complex than a simple tariff. “Border-adjustment would change how those profits are calculated. Accountants could no longer deduct imports—say, goods brought in from China—as costs. And their exports would no longer count as revenues. For tax purposes, “profits” would be domestic sales minus […]

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Grover Norquist Talks Taxes

 

It’s that time of the year again, folks: tax season. That’s why this week on Oppcast, we reached out to Grover Norquist, president and founder of Americans for Tax Reform, to come onto the show for an episode jam-packed with everything tax-related.

From tax reform in the age of Trump, to the recent COB report on the American Health Care Act, we break down the numbers to get to the meat of the issues. Spoiler alert: get ready for some wonky nerd talk!

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