It’s easy to sell people on lower taxes and to encourage people to hate paying taxes. Few politicians, even those who promise to provide health care, better public education, student debt relief, and so on, rarely explain in detail what Americans are getting in return for the investments their taxes fund or the bills they pay.
In his State of the Union address earlier this month, President Trump celebrated the putative success of the economy he claims to have built, doing so in historic terms: “I am thrilled to report to you tonight that our economy is the best it has ever been,” he boasted.
What is the story of the U.S. economy?
Not unlike the proverbial elephant subject to scrutiny by a band of blind men, the nation’s economy is subject to multiple narrative descriptions depending on which component of the beast, whether our economy or an elephant, the blind man massages.
Elizabeth Warren’s wealth tax proposal has certainly sparked debates not just about basic questions of fairness, of morality, but also about the economic effectiveness and very meaning of taxation.
The debate raises the question of what it means to invest in America.
A new study reveals that Trump's tax cuts for the rich provided no positive impact on jobs in the United States.
This week’s stock market antics and the occurrence of an inverted yield curve have provided compelling evidence portending another economic recession.
These economic indicators, in addition to spurring stock sell-offs and turbulent market volatility, also sparked a firestorm of debate and commentary regarding how a potential recession would impact Trump’s 2020 re-election bid.
Despite the fact that Donald Trump wooed disgruntled working-class Americans with promises to protect and even create well-paying jobs, it’s not hard to see that these promises were empty and that he’s been no advocate for the American worker.
Recently Republican Congressman Sean Duffy from Wisconsin, in an interview with MSNBC’s Chris Hayes, framed the looming prospect of Donald Trump’s impeachment as ridiculous.
His reason? The economy is supposedly booming. He told Hayes, “They have higher wages, lower unemployment. We’re killing it in Wisconsin. You want to impeach that guy?”
In short, Trump’s policies aren’t helping, and the prospects aren’t looking good.
Remember President Donald Trump’s State of the Union addresses last February and in particular in January 2018 amid a wave of teachers’ strikes? Can you recall the talking points he elaborated on the need to support public education?
Sen. Marco Rubio (R-FL) admitted in an interview that there is no sign that workers are getting any of the benefits from the GOP/Trump tax cuts for the wealthy and corporations.
A heavily scripted Donald Trump could barely read the words placed in front of him as he tried to tout his tax cuts for the rich before a cabinet meeting.
Retiring Sen. Bob Corker (R-TN) became the first Republican to back away from the deficit exploding Republican plan to cut taxes for the wealthy by telling Meet The Press that he won't vote for it if the plan adds to the deficit.
Republicans are coming out against Trump's tax plan, as the party of low taxes is looking increasingly unlikely to pass a tax cut.
While Trump was pitching his tax cuts for the wealthy and corporations, MSNBC split their screen and showed people being rescued from the hurricane caused flooding in Texas.
"I think that when you get into an airplane and you look at the cockpit and you see the pilot saying 'boy, look at all these gauges this is really complicated,' you know you have a problem."
Donald Trump, who has declared bankruptcy six times, is threatening America by promising to clean up the nation's finances.