“We are in the midst of yet another great American discussion about taxation. Perhaps no policy area has become more sensitive or controversial. At stake are two vital concerns for the American future: How will we generate sufficient revenue to balance our budget without discouraging economic activity, and will the burden of taxation fall equitably … Continue reading Taxing Inflation, Part 3 | Romney vs. Nothing
Artificially Raising Taxes Reduces GDP – By: Larry Walker, Jr. – “Tax increases appear to have a very large, sustained and highly significant negative impact on the economy.” ~ Christina Romer, just prior to leaving the Obama Administration – U.C. Berkley Professor and President Obama’s former Chair of his Council of Economic Advisers (CEA), Christina … Continue reading Taxing Inflation: Why Americans Invest Overseas
* Inordinate Stimulus, Undue Debt and Global Warming Foolishness Caused the Recession * By: Larry Walker, Jr. * “… an unprecedented degree of federal government spending and intervention vis-à-vis the $787 billion dollar economic stimulus package, the $81 billion dollar bailouts of GM and Chrysler, and the enactment of health care and financial regulatory and … Continue reading The Malaise of 2012 | Part II
* Great Debt Spikes in American History: 1792 to 2014 * By: Larry Walker, Jr. – By the end of 2012, the national debt per citizen will reach $52,222 for every man, woman, and child in the United States of America. But even more sobering and significant is the fact that the national debt per … Continue reading War on Wealth III | National Debt Review
* Try Moderately Severe, or Severely Moderate! * By: Larry Walker, Jr. * Mitt Romney told a gathering of conservative leaders and activists Friday that he is severely conservative, or something. “I was a severely conservative Republican governor,” Romney told the audience regarding his time in office, pointing out his support of traditional marriage and … Continue reading Is Mitt Romney Severely Conservative?
Tax Foundation’s Runaway Compliance Estimates – By: Larry Walker, Jr. – “There are three kinds of lies: lies, damned lies and statistics.” ~ Mark Twain – According to the Tax Foundation, federal income tax compliance costs were projected to reach $392 billion by 2011, and $483 billion by 2015. Now they say it’s probably in … Continue reading U.S. Tax Compliance Costs $44B, not $400B
9-9-9 Plan | Prejudiced and Convoluted? – By: Larry Walker, Jr. – “A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.” ~Russell B. Long – Herman Cain’s 9-9-9 Plan, which involves eliminating the 15.3% payroll tax, of which every dime is presently committed to current Social … Continue reading Tax Simplification, Part I
More Questions than Answers – By: Larry Walker, Jr. – Herman Cain argues that the reason we need his 999-Plan is because the tax law is too complicated. But is it really? I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated. It may have some complex calculations, mainly … Continue reading Herman Cain’s 9-9-9 Sham
– 6 Temporary Stimuli, 17 Tax “Cuts”, and Zero Results – By: Larry Walker, Jr. – As I carefully chronicled in, “Obama: The Era of Flimflam Economics, Part II – Untimely and Proven to Fail”, the policy theory, known as economic stimulus, was designed by economists as a tool for implementation at the onset of … Continue reading Why Congress Shouldn’t Just Pass Obama’s Jobs Bill, Again
– War and Taxes: 1873 to 1963 – By: Larry Walker, Jr. – “A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.“ ~Thomas … Continue reading Taxing the Rich – 1765 to 2011, Part II
Black and Center 