Tag Archives: Taxes/regulation

What is the GOP goal? A return to the “gilded age” (or worse) When right-wing Roy Moore said that the time when America was great was during slavery, he revealed something key to the current GOP members of Congress and state legislatures–their primary goal is to return to a time when owners of property held all the keys to the kingdom and workers were just serfs expected to do as told and whose lives didn’t really matter much to the boss capitalists....

by Hale Stewart  (originally published at Bonddad blog) Why Would Anybody Invest When Capacity Utilization is This Low? A central selling point of the tax bill is that it will encourage investment.  But that assumes that high tax rates were the primary reason why business wasn’t investing.  Instead, the data says business investment is weak because the U.S. has a ton of spare capacity. First, let’s look total capacity utilization: It has peaked at...

GOP Congress: my (wealthy) donors made me do it The GOP’s tax-complicating, deficit-increasing, wealthy-subsidizing, Arctic destroying, Health Care damaging, $1.5 trillion tax “reform” package is unpopular with most Americans, destructive to the government’s ability to fund needed programs from disease prevention to FEMA to basic research to needed infrastructure improvements, and wildly popular with the wealthy GOP donors like the (oil-rich) Koch...

Black Mirror Big Data Becomes Big Brother In China And maybe coming soon to the US as well, enough to make Orwell sit up and take notice. The first show of the 2016 season of the sci fi TV show, “Black Mirror,” called “Nosedive,” showed a future society where people have overall social scores (1-5) that are constantly being changed based on what they do and who they interact with and how.  Access to many things is based on one’s rating.  The female lead...

The 2021 Omnibus Repealer and Clawback Act A saving grace of 2017 — up until now — is that Trump and the GOP have been the Keystone Kops of Kleptocracy, consistently faceplanting in attempts at regressive domestic legislation. With the passage of the GOP tax bill, that all changes. Not only is it a massive giveaway to the corporations and the wealthy who least need assistance, it actually raises taxes over time over many if not most lower and middle class...

Do GOP House and Senate reps even know what they voted for? The House passed the awful “tax complication bill of 2017” on Tuesday.  The Senate had to make a few changes because it didn’t comply with the Byrd rules, and then will presumably pass it today. It’ll go back to the House where the HOuse will then take the final vote on the Senate changes and send it to Mr. Trump for signature. The GOP will claim that they have singlehandedly put together a...

The Missing Piece in Plans for an All-Electric Vehicle Fleet: Electricity The New York Times has a piece today on barriers to the replacement of internal combustion-powered vehicles to an all-electric fleet in the United States.  It talks about production costs, the availability of key minerals and the need for a charging station infrastructure, but it oddly passes over the most obvious impediment, at least from the perspective of climate change, the...

From Employer Coverage to Single Payer Health Insurance This holiday season I’ve heard several tales of woe from working class acquaintances, mostly self-employed, about Obamacare: how they are just above the subsidy cutoff and would rather pay the fine than buy expensive individual policies, or how they are just below and can’t afford to put in more hours per week. I can understand why there is a lot of disappointment with the Democrats. So what about...

Corporatizatizing The All-Administrative University One of the few good things that appears to have happened in the conference committee on the generally awful impending GOP tax bill is that the hits students were going to take have been eliminated.  However, even without that additional burden, college students face costs that are far higher than any other nation and have been rising above inflation rates for decades.  While` students in Denmark...

Via the Economic Policy Intstitute: The Department of Labor (DOL) released a proposed rule that would allow restaurants to take the tips that servers earn and share them with untipped employees such as cooks and dishwashers.1 But, crucially, the rule doesn’t actually require that employers distribute “pooled” tips to workers. Under the administration’s proposed rule, as long as tipped workers earn minimum wage, employers could legally pocket those tips....