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...
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...
by J. Jerrald Hayes | May 1, 2019 | • Politics, Economics & The Economy, Jobs, Tax Policy
by J. Jerrald Hayes | Apr 16, 2019 | • Politics, Economics & The Economy, Tax Policy
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...
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...
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...
by J. Jerrald Hayes | Jun 20, 2018 | • Politics, Tax Policy
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...
by J. Jerrald Hayes | Mar 2, 2018 | • Politics, Donald Trump, Economics & The Economy, Tax Policy
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...
by J. Jerrald Hayes | Jan 17, 2018 | • Politics, Donald Trump, Economics & The Economy, Income Inequality, Tax Policy
Millionaires and billionaires will enjoy their private flights much more this winter season following the GOP’s tax reform plan. The recently passed tax bill will provide the biggest wins for America’s richest citizens, according to expert analysis. Some of these...
