Tag Archives: US fiscal policy

A look at the plan to cut non-discretionary spending and increase the budgets of the Pentagon and Department of Homeland Security.WSWSTrump outlines massive cuts in Medicaid and Medicare in 2021 budget plan Kevin Reed

No, this won’t be on the table until 2021 at the earliest. But the party’s candidates need to offer some solutions. Bloomberg OpinionThe Democrats’ Options for Repealing the Trump Tax Cut Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

The US budget deficit is USD 75 billion in June 2018; this is a net add of income to the private sector and allows it to grow. The good news is that dollars are being added to the economy by the Federal government, and it grows the economy. Further net inflows are expected for the rest of the year from the Federal government and private credit growth. Private credit growth has so far added $36 billion to the net money supply; last year, it was only $23 billion. At this rate, it could total...

Abstract Corporate taxation is a perennially controversial topic in American politics. In fact, it may be the tax policy controversy that most Americans are aware of and even have an opinion about. Nevertheless, the purpose of corporate taxation is unclear in popular, or even for that matter, academic, discourse. In this paper we lay out and critically evaluate contemporary and historical corporate tax policy debates based on three common justifications for taxation: the “revenue”...