The question, “Is trade good for America?” may seem a little trite to some, but in watching and listening to the heated rhetoric on the Trans-Pacific Partnership Trade Agreement, it is a question that one might ask to gauge how much the public has become so polarized on this issue. So Ted Cruz is running for President, and wants to abolish the IRS.Back in the wake of the “IRS Scandal”—that is, when the public became aware that the IRS was selectively targeting nominally conservative or Tea Party-associated groups for tax audits, Cruz’s solution was to eliminate the federal body altogether. "If you want to go face to face with me President Obama, I'm ready to go because I have the facts!" – Ed Schultz responding to President Obama for calling out MSNBC for its opposition to the TPP. Don't ever think of telling President Obama he is a lame duck. He has too many things he still wants to accomplish before he leaves and beginning the process of lifting up the middle class is at the top of his list. If you ever want to see a 'real life experiment' on how to turn Ayn Rand's philosophy into a state wide policy, then look no further than Kansas. Governor Brownback coasted to election four years ago on his promise to make Kansas a bastion of conservative orthodoxy. The corporate tax rate is a heavily debated topic in this country. And many on the far right and those on the side of big business sight that upwards of a 35% corporate tax rate is far too high a premium to pay in taxes, just to do business in the United States. The tax preparation industry is one of those industries that everyone loves to hate. Since the average American doesn't understand the tax code, these organizations step in and promise to take care of everything for you. All you need to do is give them a hefty fee and voila, your taxes are now done. If you're lucky, you'll get some money back. Several months behind Colorado, but still only the second state in our union to do so, Washington state has begun to officially sell recreational marijuana. Sales began on July 8th. As with Colorado, the first day of sales was largely celebratory and more historic in nature, than anything else.
Debunking Lies & Misinformation About MacroeconomicsEd Haislmaier, a scholar for the conservative Heritage Foundation, attacked a non profit employee during a Campaign to Fix the Debt event. Haislmaier followed Burke Stansbury, of the Seattle-based nonprofit Campaign for Community Change, out of the conference room and started shouting at him. Haislmaier then reached for Standbury's camera and swatted it to the ground. Security guards eventually arrived and restrained Haislmaier. Legally, Romney would have paid closer to 9% but opted to pay more, just over 14%, for political purposes. This is despite his previous stance of. "I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president. I’d think people would want me to follow the law and pay only what the tax code requires." The most newsy item of Mitt Romney's media blitz of network interview after network interview Friday night was his bold statement that he would not release any more tax returns than the two years he has already planned, despite growing pressure from President Barack Obama, Democrats and even some Republicans. GOP Governor, Robert Bentley has said that Romney needs to release his tax records in the name of transparency. While not breaking any laws, Romney, in the course of amassing his wealth, has operated in a grey area. He has exploited every possible tax loophole imaginable. Romney has also built up his IRA on these questionable loopholes have allowed him to inflate his IRA to well over $100 million which he has invested in numerous tax free off shore accounts in places such as the Caymans. Gov. Christie is hoarding money saved by cuts to programs aimed to help poor and working class families, and using it as a bargaining chip to ram through tax cuts that will predominately favor the rich.
Macroeconomics News & Opinion Articles |  | Mon Apr 22, 2019 | thenation.com
David Cay Johnston is a Pulitzer Prize–winning investigative reporter who previously worked at The New York Times. He’s the founder and editor of DCReport.org. His most... |
|  | Thu Mar 14, 2019 | cnn.com
Treasury Secretary Steven Mnuchin on Thursday encountered a blitz of questions from House Democrats seeking to establish a legal basis for requesting President Donald... |
|  | Wed Mar 06, 2019 | washingtonpost.com
The Commerce Department said Wednesday that — despite more than two years of President Trump’s “America First” policies — the United States last year posted a $891.2... |
|  | Mon Mar 04, 2019 | washingtonpost.com
We’ve seen this movie before.
There is widespread frustration with the performance of the economy. Traditional policy approaches are not delivering hoped-for results. A... |
|  | Thu Mar 03, 2016 | vox.com
They'd raise $1.1 trillion, almost all from rich people. |
|  | Wed Dec 16, 2015 | bigstory.ap.org
The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some... |
|  | Fri Dec 04, 2015 | reuters.com
U.S. employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most likely be followed by the first Federal Reserve interest... |
|  | Mon Oct 26, 2015 | reuters.com
U.S. House Speaker John Boehner and other congressional leaders raced to finalize a sweeping two-year budget deal and an extension of the federal debt ceiling until March... |
|  | Mon Oct 26, 2015 | theatlantic.com
John Boehner might get to “clean the barn up” before he leaves, after all.
The departing speaker and Democratic negotiators are closing in on a fiscal agreement that... |
|  | Thu Sep 17, 2015 | reuters.com
The U.S. Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy... |
"This is the worst jobs recovery since the Great Depression."
"I don't know how much God has to do to get the attention of the politicians. We've had an earthquake; we've had a hurricane. He said, 'Are you going to start listening to me here?' Listen to the American people because the American people are roaring right now. They know government is on a morbid obesity diet and we've got to rein in the spending."
“I think some of our members may have thought the default issue was a hostage you might take a chance at shooting. Most of us didn’t think that. What we did learn is this — it’s a hostage that’s worth ransoming. And it focuses the Congress on something that must be done.”
"I will not vote to increase the debt ceiling"
"I don't believe that the economy is going to last. I think money is going to be toilet paper"
Macroeconomics Videos |  | Thu Mar 14, 2019
Treasury Secretary Steven Mnuchin suggested Thursday he will protect President Donald Trump's privacy if he... |
|  | Mon Jan 19, 2015
"During his State of the Union address on Tuesday, President Barack Obama will lay out a plan to extend tax credits... |
|  | Sat Sep 27, 2014
"Televangelist Pat Robertson on Monday accused a viewer of having a “liberal mentality” because she suggested that... |
|  | Tue Jul 01, 2014
In 2014 North Carolina became the first state to eliminate its state Earned Income Tax Credit in nearly 30 years. |
|  | Tue Jul 01, 2014
House Minority Leader Larry D. Hall on state EITC. |
|  | Fri Jun 27, 2014
A new EU-Ukraine free-trade and political cooperation pact is signed - drawing an immediate threat of "grave... |
|  | Fri Jun 27, 2014
Yolanda Vazquez talks with Maryland House of Delegate Justin Ready of District 5A. They discuss the proposed... |
|  | Thu Jun 19, 2014
A proposal to tax vehicle miles traveled is intended to cut vehicle emissions in that the more you drive, the more... |
|  | Wed Jun 11, 2014
Some lawmakers have proposed a Vehicle Miles Traveled Tax and it has some advocates speaking up. |
|  | Tue Jun 10, 2014
Colorado has banked nearly $18 million in taxes from legalized recreational and medical marijuana in 2014. But... |
|  | Tue Apr 15, 2014
The IRS has seen plenty of excuses from people trying to get out of paying their taxes. Jackie Kucinich takes a... |
|  | Mon Apr 14, 2014
Ellen had an expert on to answer some very important tax questions. |
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