Taxes

Economics was not one of my favorite subjects in college, so I avoided economic courses. But I do know a few things about human nature. If you tax income at too high a rate, corporations will look elsewhere for relief. Take Ireland. In 1991, Apple Corporation cut a deal with the Irish government so that only a certain bracket of its earnings would be taxed, giving it, writes Business Insider…

CNN was earning its moniker as the Clinton News Network during their morning show New Day Sunday. For the first political segment of the day, host Victor Blackwell wanted to talk about Republican Vice Presidential candidate Mike Pence’s unreleased tax returns. Even though the segment was introduced as such and the chyron indicated they would be talking about Pence all attention was put on Donald…

Kareem Abdul-Jabbar called for further government spending as a solution to racial inequality on MSNBC's Morning Joe on Tuesday. Princeton Professor Eddie Glaude, Jr. asked the basketball great, "How do we muster the courage to look the ugliness of what we are squarely in the face?" Abdul-Jabbar replied, "I think...people don't want to reach in their pockets. This is going to be expensive...and…

International trade figures heavily in the presidential race. Presidential candidate Donald Trump said, "Hillary Clinton unleashed a trade war against the American worker when she supported one terrible trade deal after another - from NAFTA to China to South Korea." And adding, "A Trump Administration will end that war by getting a fair deal for the American people. The era of economic surrender…

The New York Times did its part for the Hillary Clinton campaign (and President Obama’s legacy) in Thursday’s edition, offering happy talk about lost coal jobs in Kentucky, skipping over some inconvenient facts that would cloud the pro-Democratic narrative, while another story bashing Donald Trump’s tax plan passed up a golden opportunity to revive Clinton’s infamous “dead broke” comment.

On Wednesday’s NBC Today, co-host Matt Lauer and his colleagues were aghast Team USA’s Olympic champions would be forced to pay taxes on their winning medals. Lauer proclaimed: “Like other medalists, Michael [Phelps] receives a cash bonus for all the hardware. Guess what? He’s gonna have to pay taxes on every single medal and every single bonus. It's called the victory tax.”

While we shouldn't live in the past, we can certainly learn from it. We are not the first humans to walk the Earth and yet too many, especially the young, suffer from the conceit that history is just a boring subject in school. PBS is rerunning episodes on its award-winning series "American Experience" on modern presidents and the challenges they faced. Each episode retraces what presidents…

The Hillary Clinton campaign released the 2015 joint federal income tax return filed by Mrs. Clinton and her ex-President husband Bill this week. Among other things, the Clintons reported total income of over $10.7 million, incurred income and self-employment taxes of over $3.6 million, and deducted $1 million for a charitable contribution to (imagine that) the Clinton Foundation. According to…

On Friday, the Big Three and Spanish broadcast networks' evening newscasts all reported on Hillary Clinton releasing her joint tax returns with her husband, Bill, and how much they gave to charity. However, ABC and Univision conspicuously left out that the Clintons made almost all of their 2015 charitable donations to their own foundation. NBC's Kristen Welker (along with CBS and Telemundo)…

The day before Donald Trump reflected on “Second Amendment people” and their response to Hillary Clinton’s taste in judges, he made news with a speech about economics. To The New Republic’s Brian Beutler, the takeaway there was that Trump had “adopted [both] Paul Ryan’s tax policy and the GOP’s gaffe-centered 2012 campaign strategy of misquoting or misrepresenting the Democratic candidate’s words…

In a New York Times op-ed with so many holes it wouldn't hold up as swiss cheese, two political science profs, Jacob S. Hacker and Paul Pierson, set out to reassure the leftist elites that "The Path to Prosperity Is Blue." This would be pretty funny if it weren't for the fact that many of the Old Gray Lady's smug readers will actually buy this nonsense. The pair's presentation tortures economic…

In Saturday’s lead New York Times story, reporter Jackie Calmes glimpsed a silver lining in the rise of Donald Trump, as a challenge to the Republican party's myopic focus on “business and the privileged” that could relegate Reagan's "outmoded" ideas of tax cuts to the dustbin of history. The full deck of headlines: “As Trump Rises, G.O.P. Faces Push On Its Economics – Working-Class Appeal –…

There’s a famous line attributed to Henry Kissinger about the Iran-Iraq war of the 1980s: “It's a pity they can't both lose.” Left-wing Washington Monthly blogger David Atkins adapted Kissinger’s quip for his Tuesday post about whether “vicious, ignorant megalomaniac” Donald Trump is “more contemptible” than “steely-eyed devotee of Ayn Rand” Paul Ryan.

The 2016 Republican National Convention brought the radical, left-wing fringe out in Cleveland, and some of the groups’ ideas were downright ridiculous.