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A Trump Tax Break To Help The Poor Went To a Rich GOP Donor’s Superyacht Marina — ProPublica

by J. Jerrald Hayes | Jul 4, 2021 | • Politics, Income Inequality, Tax Policy

A Trump Tax Break To Help The Poor Went To a Rich GOP Donor’s Superyacht Marina The Rybovich superyacht marina lies on the West Palm Beach, Florida, waterfront, a short drive north from Mar-a-Lago. Superyachts, floating mansions that can stretch more than 300...

Why Washington Should Worry Less About the Deficit

by J. Jerrald Hayes | Feb 15, 2020 | • Politics, Tax Policy, The 2020 Presidential Race, The Democrats

Who’s Afraid of Budget Deficits? The United States’ annual budget deficit is set to reach nearly $1 trillion this year, more than four percent of GDP and up from $585 billion in 2016. As a result of the continuing shortfall, over the next decade, the...

One jarring chart shows how taxes on workers have essentially replaced those on corporations | Markets Insider

by J. Jerrald Hayes | Dec 14, 2019 | • Politics, Income Inequality, Jobs, Tax Policy

“Workers — who have seen their wages stagnate over the last decades — have seen their tax rates increase, while the wealthiest Americans have seen theirs fall,” Zucman said. “This tax injustice is a powerful engine of inequality.” While yeah...

Robert Reich: Tax Experiment – YouTube

by J. Jerrald Hayes | May 1, 2019 | • Politics, Economics & The Economy, Jobs, Tax Policy

Robert Reich: 12 Myths About Taxing the Rich – YouTube

by J. Jerrald Hayes | Apr 16, 2019 | • Politics, Economics & The Economy, Tax Policy

The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them — ProPublica

by J. Jerrald Hayes | Apr 9, 2019 | • Politics, Tax Policy

The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them – ProPublica On June 30, 2016, an auto-parts magnate received the kind of news anyone would dread: The Internal Revenue Service had determined he had engaged in abusive tax...

Under Trump, CEO Pay Soars While Employee Wages Decrease—And Tax Cuts Could Make Gap Even Bigger

by J. Jerrald Hayes | Aug 22, 2018 | • Politics, Donald Trump, Tax Policy

Under Trump, CEO pay soars while employee wages decrease-and tax cuts could make gap even bigger Compensation for America’s top executives grew 17 percent in 2017 as real wages for workers declined, according to a study released Thursday. Despite President...

Inflation hits 6-year high, wiping out wage gains for the average American – Chicago Tribune

by J. Jerrald Hayes | Jul 14, 2018 | • Politics, Donald Trump, Economics & The Economy, Income Inequality, Jobs, Tax Policy

Inflation hits 6-year high, wiping out wage gains for the average American Prices rose at their highest clip since 2012 over the past year, the Labor Department reported Thursday. The 2.9 percent inflation for the 12-month period ending in June is a sign of a growing...

The 5 Biggest Failures of the Trump Tax Scam | Robert Reich

by J. Jerrald Hayes | Jun 20, 2018 | • Politics, Tax Policy

Tax cut scoreboard: Workers $6 billion; Shareholders: $171 billion – Feb. 16, 2018

by J. Jerrald Hayes | Mar 16, 2018 | • Politics, Economics & The Economy, Income Inequality, Tax Policy

Tax cut scoreboard: Workers $6 billion; Shareholders $171 billion Yet shareholders, not workers, are far bigger direct winners from the Tax Cuts and Jobs Act of 2017. American companies have lavished Wall Street with $171 billion of stock buyback announcements so far...

Sen. Merkley crushes Trump’s clueless budget director

by J. Jerrald Hayes | Mar 2, 2018 | • Politics, Donald Trump, Economics & The Economy, Tax Policy

The G.O.P. Tax Cut Is Draining the Treasury Even Faster Than Expected | Vanity Fair

by J. Jerrald Hayes | Feb 1, 2018 | • Politics, Donald Trump, Tax Policy, The Republicans

The G.O.P. Tax Cut Is Draining the Treasury Faster Than Expected One of the many things confirmed by the great tax-bill melodrama of 2017 is that Republicans only pretend to care about “fiscal responsibility” either when Democrats are in power, or when tax...
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