By William K. Black March 24, 2016 Bloomington, MN Representative Nancy Pelosi has just written the latest effort by a prominent Democrat to bash Republicans for the high crime of not being financially illiterate. The Republicans are frequently financially illiterate on budget issues and they bash Democrats for the high crime of not being financially illiterate. The leaders of both parties share the hypocrisy of bashing the rival party for supporting budgetary stimulus in...
Read More »Five Republican Myths About Taxes
The last Republican debate exposed some of the GOP myths about taxes. Okay, so not all were discussed in the debate per se, but a few were, and the others are pretty much part of the implicit assumptions in the Republican mainstream. A short list must include these ideas:Corporate taxes are high in the US Lower taxes boost investment 50% don't pay taxes, including immigrants A flat tax would simplify the tax code Reducing taxes could still finance big government But it is well-known that...
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